Watch List notes:

BRITISH WEST INDIES. Copper 1/50 Dollar - 2 Pence Pattern, 1823. George IV. PCGS PROOF-65.
KM-Pn5; Prid-15. VERY RARE and exceptionally attractive, this Gem pattern issue features brown hues with hints of violet to add further charm. Tied with just one other specimen for the top spot in the PCGS census, and housed in an old green holder (OGH).

According the famed author and collector Major Fred Pridmore, these copper fractional dollar pieces--denominated 1/50, 1/100 and 1/200 Dollar (2 Pence, Penny, and 1/2 Penny, respectively)--were approved in 1822 and intended for use in Sierra Leone, Mauritius, and the West Indies. The dies were prepared by renowned engraver William Wyon and 5 tons of weight of the 1/50 version were struck, but never issued and, in 1825, they were ordered to be melted down. These issues therefore only occur as patterns.

Estimate: $4000 - $6000