CSNS Signature Sale 1374 8-10 May 2024
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1 days 5 hr 39 min
1 days 5 hr 39 min
Heritage World Coin Auctions
CSNS Signature Sale 1374 8-10 May 2024
CSNS Signature Sale 1374 8-10 May 2024
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Patterns
1863 $10 Liberty Ten Dollar, Judd-349, Pollock-421, Unique, PR64 Cameo PCGS. CAC. Ex: Garrett-Simpson. The 1863 ten dollar pattern in gold, Judd-349, represents the pinnacle of rarity in American numismatics. A single specimen of this important pattern issue is known to collectors and it claims an unbroken pedigree back to its day of striking. Despite a number of justly celebrated rarities in American numismatics, like the famous 1804 dollar (15 examples known) and the 1913 Liberty nickel (five specimens extant), only a few numismatic issues can claim to be unique. Judd-349 is one such issue and Heritage Auctions is privileged to present this landmark pattern rarity from the magnificent Bob R. Simpson Collection in this important offering. We believe this unique pattern is poised to take its place among those other storied rarities as one of the most sought-after issues in the American series.
Design
27 mm, 257.6 grains. The obverse is the same Liberty Head die used to strike regular-issue eagles in 1863. The reverse is similar to the regular die but has the motto GOD OUR TRUST inscribed on a scroll above the eagle's head. Struck in gold with a reeded edge. This design was also struck in copper (Judd-350), with about two dozen examples extant, many of them bronzed or gilt. The Judd pattern reference notes this reverse die was used previously in 1861 to produce Judd-285 in copper and the unconfirmed Judd-284 in gold.
Striking Judd-349
The widespread carnage and devastation of the Civil War prompted a renewal of faith in many segments of American society during that era. Reverend Watkinson of Pennsylvania lobbied Congress persuasively to include some mention of God on the nation's coinage. Accordingly, beginning in 1861, a series of patterns was produced featuring the motto GOD OUR TRUST, which was later modified to IN GOD WE TRUST, and eventually enshrined on the nation's coinage and banknotes down to the present day. Judd-349 is an example of this pattern history that had such a remarkable, long-lasting effect on America's monetary system. George Eckfeldt recorded the striking of both Judd-349 and Judd-351 for posterity in his detailed journal (see USPatterns.com for an image of this journal entry):
"August 2, 1863 Struck 2 gold pieces of 'GOD IS OUR TRUST' one with scroll & one without on ten dollar planchets. They were struck for the chief coiner Mr. Broomall. The only 2."
Broomall's purpose in having these coins struck is not entirely clear. Gold patterns were inherently expensive and the Mint never struck them in large numbers. In fact, gold patterns are among the most elusive issues in American coinage as a group, with Judd-349 being a prime example. USPatterns.com lists Judd-349 as an essai piece, but the copper version of the design was later restruck and marketed in sets to collectors. The unique Judd-349 gold pattern soon found its way into private hands, as well.
Judd-349 on the Numismatic Scene
This unique pattern first surfaced in lot 1342 of the Colonel Mendes I. Cohen Collection (Edward Cogan, 10/1875). Cohen was a great 19th century collector from Baltimore and his collection was one of the finest to be publicly offered up to that time. Ohio collector Heman Ely purchased this coin at the Cohen sale for $16, a strong price at the time (Ely purchased liberally at the sale, with his total purchases amounting to a staggering $887.56). Ely retained this remarkable coin until he sold his entire collection through Massachusetts coin dealer W. Elliot Woodward in 1884. Woodward described the Judd-349 in lot 590 of the January 1884 Ely sale as follows:
"1863 Eagle. 'God our trust' on a scroll; gold, proof, exceedingly rare. The only example that I have ever seen in gold."
Woodward was so taken by the coin that he purchased it himself for his private collection for a robust $20. Woodward was one of the most prominent dealers of the 19th century and the numismatic community showed a keen interest when he offered his personal collection in a blockbuster auction titled All the Kingdoms of the World in October 1884. The Judd-349 was sold in lot 1999 to prominent collector T. Harrison Garrett, for $27.
Like Cohen before him, Garrett was a native of Baltimore, Maryland, and this coin would spend most of the following century in that city, as part of the famous Garrett Collection. The Garrett's were principal owners of the B. & O. Railroad of Monopoly board game fame. T. Harrison Garrett began the family collection as a college student in the1860s and built it into possibly the greatest collection of the 19th century before his untimely death in a boating accident in 1888. His sons, Robert and John Work Garrett inherited the collection and continued to collect avidly until John Work died in 1942. Garrett was childless and the family bequeathed the collection, along with the family mansion, Evergreen, to John Hopkins University when his wife passed away in 1944.
Johns Hopkins deaccessioned the collection after a string of notorious numismatic burglaries raised security concerns in the 1970s. The main body of the collection was sold in a series of blockbuster auctions by Bowers and Ruddy, with the Judd-349 featured in lot 1088 of the Garrett Collection, Part II in March 1980. The lot realized a strong price of $57,500. It has only been publicly offered twice in the ensuing 44 years. For much of that time, it was a highlight of the extraordinary collection of Bob R. Simpson (see roster below for details).
Considering its presence in several well-publicized auctions and its place in a number of prominent collections, one would expect Judd-349 to be well-known in 19th century numismatic circles, but the issue seems to have languished in obscurity after 1884. When early pattern specialist Robert Coulton Davis published the first extensive work on the pattern series in The Coin Collector's Journal in 1885, he neglected to mention this important pattern. Apparently, the extreme rarity of this coin kept it off the radar until it was listed by Edgar Adams and William Woodin in their standard series reference in 1913. Judd-349 is a celebrated rarity among pattern collectors today and its importance is widely recognized.
Physical Description
The present coin is a spectacular Choice proof that exhibits razor-sharp definition on all the design elements. The richly frosted devices contrast boldly with the deeply reflective fields to create an intense cameo effect when the coin is tilted in the light. The well-preserved yellow-gold surfaces are highlighted by darker hints of orange and lilac and only a few minor nicks and hairlines in the fields prevent an even higher grade. There is a tiny, mint-made lint mark in the left obverse field, near star 4. Overall eye appeal is terrific and the high quality within the grade is confirmed by CAC. This unique gold pattern possesses a winning combination of absolute rarity, outstanding visual appeal, intense historic interest, and high technical quality. This lot represents a truly once-in-a-lifetime opportunity for the advanced pattern collector. This coin is pictured on PCGS CoinFacts. Population: 1 in 64 Cameo, 0 finer. CAC: 1 in 64, 0 finer (2/24).
Ex: Chief Coiner Lewis R. Broomall; Colonel Mendes I. Cohen Collection (Edward Cogan, 10/1875), lot 1342; Heman Ely Collection (W. Elliot Woodward, 1/1884), lot 590; All the Kingdoms of the World/Woodward's personal collection (W. Elliot Woodward, 10/1884), lot 1999; T. Harrison Garrett; Robert Garrett, John Work Garrett, Johns Hopkins University, by bequest in 1942; Garrett Collection, Part II (Bowers and Ruddy, 3/1980), lot 1088; A. Bernard Shore Collection (Superior, 1/1988), lot 4286; private collector; Bob R. Simpson, via Laura Sperber; Regency Auction 51 (Legend Rare Coin Auctions, 4/2022), lot 294; Bob R. Simpson Collection.
Note: In the 10/1884 catalog of his own collection, W. Elliot Woodward indicated this coin was previously in the A. Dohrmann Collection (Woodward, 3/1882), lot 464, but the example in that sale was bronze. Important Selections from The Bob R. Simpson Collection, Part XII.
https://coins.ha.com/itm/patterns/1863-10-liberty-ten-dollar-judd-349-pollock-421-unique-pr64-cameo-pcgs-cac/p/1374-23001.s?type=DA-DMC-CoinArchives-USCoins-1374-05082024
HID02906262019
© 2024 Heritage Auctions | All Rights Reserved
1863 $10 Liberty Ten Dollar, Judd-349, Pollock-421, Unique, PR64 Cameo PCGS. CAC. Ex: Garrett-Simpson. The 1863 ten dollar pattern in gold, Judd-349, represents the pinnacle of rarity in American numismatics. A single specimen of this important pattern issue is known to collectors and it claims an unbroken pedigree back to its day of striking. Despite a number of justly celebrated rarities in American numismatics, like the famous 1804 dollar (15 examples known) and the 1913 Liberty nickel (five specimens extant), only a few numismatic issues can claim to be unique. Judd-349 is one such issue and Heritage Auctions is privileged to present this landmark pattern rarity from the magnificent Bob R. Simpson Collection in this important offering. We believe this unique pattern is poised to take its place among those other storied rarities as one of the most sought-after issues in the American series.
Design
27 mm, 257.6 grains. The obverse is the same Liberty Head die used to strike regular-issue eagles in 1863. The reverse is similar to the regular die but has the motto GOD OUR TRUST inscribed on a scroll above the eagle's head. Struck in gold with a reeded edge. This design was also struck in copper (Judd-350), with about two dozen examples extant, many of them bronzed or gilt. The Judd pattern reference notes this reverse die was used previously in 1861 to produce Judd-285 in copper and the unconfirmed Judd-284 in gold.
Striking Judd-349
The widespread carnage and devastation of the Civil War prompted a renewal of faith in many segments of American society during that era. Reverend Watkinson of Pennsylvania lobbied Congress persuasively to include some mention of God on the nation's coinage. Accordingly, beginning in 1861, a series of patterns was produced featuring the motto GOD OUR TRUST, which was later modified to IN GOD WE TRUST, and eventually enshrined on the nation's coinage and banknotes down to the present day. Judd-349 is an example of this pattern history that had such a remarkable, long-lasting effect on America's monetary system. George Eckfeldt recorded the striking of both Judd-349 and Judd-351 for posterity in his detailed journal (see USPatterns.com for an image of this journal entry):
"August 2, 1863 Struck 2 gold pieces of 'GOD IS OUR TRUST' one with scroll & one without on ten dollar planchets. They were struck for the chief coiner Mr. Broomall. The only 2."
Broomall's purpose in having these coins struck is not entirely clear. Gold patterns were inherently expensive and the Mint never struck them in large numbers. In fact, gold patterns are among the most elusive issues in American coinage as a group, with Judd-349 being a prime example. USPatterns.com lists Judd-349 as an essai piece, but the copper version of the design was later restruck and marketed in sets to collectors. The unique Judd-349 gold pattern soon found its way into private hands, as well.
Judd-349 on the Numismatic Scene
This unique pattern first surfaced in lot 1342 of the Colonel Mendes I. Cohen Collection (Edward Cogan, 10/1875). Cohen was a great 19th century collector from Baltimore and his collection was one of the finest to be publicly offered up to that time. Ohio collector Heman Ely purchased this coin at the Cohen sale for $16, a strong price at the time (Ely purchased liberally at the sale, with his total purchases amounting to a staggering $887.56). Ely retained this remarkable coin until he sold his entire collection through Massachusetts coin dealer W. Elliot Woodward in 1884. Woodward described the Judd-349 in lot 590 of the January 1884 Ely sale as follows:
"1863 Eagle. 'God our trust' on a scroll; gold, proof, exceedingly rare. The only example that I have ever seen in gold."
Woodward was so taken by the coin that he purchased it himself for his private collection for a robust $20. Woodward was one of the most prominent dealers of the 19th century and the numismatic community showed a keen interest when he offered his personal collection in a blockbuster auction titled All the Kingdoms of the World in October 1884. The Judd-349 was sold in lot 1999 to prominent collector T. Harrison Garrett, for $27.
Like Cohen before him, Garrett was a native of Baltimore, Maryland, and this coin would spend most of the following century in that city, as part of the famous Garrett Collection. The Garrett's were principal owners of the B. & O. Railroad of Monopoly board game fame. T. Harrison Garrett began the family collection as a college student in the1860s and built it into possibly the greatest collection of the 19th century before his untimely death in a boating accident in 1888. His sons, Robert and John Work Garrett inherited the collection and continued to collect avidly until John Work died in 1942. Garrett was childless and the family bequeathed the collection, along with the family mansion, Evergreen, to John Hopkins University when his wife passed away in 1944.
Johns Hopkins deaccessioned the collection after a string of notorious numismatic burglaries raised security concerns in the 1970s. The main body of the collection was sold in a series of blockbuster auctions by Bowers and Ruddy, with the Judd-349 featured in lot 1088 of the Garrett Collection, Part II in March 1980. The lot realized a strong price of $57,500. It has only been publicly offered twice in the ensuing 44 years. For much of that time, it was a highlight of the extraordinary collection of Bob R. Simpson (see roster below for details).
Considering its presence in several well-publicized auctions and its place in a number of prominent collections, one would expect Judd-349 to be well-known in 19th century numismatic circles, but the issue seems to have languished in obscurity after 1884. When early pattern specialist Robert Coulton Davis published the first extensive work on the pattern series in The Coin Collector's Journal in 1885, he neglected to mention this important pattern. Apparently, the extreme rarity of this coin kept it off the radar until it was listed by Edgar Adams and William Woodin in their standard series reference in 1913. Judd-349 is a celebrated rarity among pattern collectors today and its importance is widely recognized.
Physical Description
The present coin is a spectacular Choice proof that exhibits razor-sharp definition on all the design elements. The richly frosted devices contrast boldly with the deeply reflective fields to create an intense cameo effect when the coin is tilted in the light. The well-preserved yellow-gold surfaces are highlighted by darker hints of orange and lilac and only a few minor nicks and hairlines in the fields prevent an even higher grade. There is a tiny, mint-made lint mark in the left obverse field, near star 4. Overall eye appeal is terrific and the high quality within the grade is confirmed by CAC. This unique gold pattern possesses a winning combination of absolute rarity, outstanding visual appeal, intense historic interest, and high technical quality. This lot represents a truly once-in-a-lifetime opportunity for the advanced pattern collector. This coin is pictured on PCGS CoinFacts. Population: 1 in 64 Cameo, 0 finer. CAC: 1 in 64, 0 finer (2/24).
Ex: Chief Coiner Lewis R. Broomall; Colonel Mendes I. Cohen Collection (Edward Cogan, 10/1875), lot 1342; Heman Ely Collection (W. Elliot Woodward, 1/1884), lot 590; All the Kingdoms of the World/Woodward's personal collection (W. Elliot Woodward, 10/1884), lot 1999; T. Harrison Garrett; Robert Garrett, John Work Garrett, Johns Hopkins University, by bequest in 1942; Garrett Collection, Part II (Bowers and Ruddy, 3/1980), lot 1088; A. Bernard Shore Collection (Superior, 1/1988), lot 4286; private collector; Bob R. Simpson, via Laura Sperber; Regency Auction 51 (Legend Rare Coin Auctions, 4/2022), lot 294; Bob R. Simpson Collection.
Note: In the 10/1884 catalog of his own collection, W. Elliot Woodward indicated this coin was previously in the A. Dohrmann Collection (Woodward, 3/1882), lot 464, but the example in that sale was bronze. Important Selections from The Bob R. Simpson Collection, Part XII.
https://coins.ha.com/itm/patterns/1863-10-liberty-ten-dollar-judd-349-pollock-421-unique-pr64-cameo-pcgs-cac/p/1374-23001.s?type=DA-DMC-CoinArchives-USCoins-1374-05082024
HID02906262019
© 2024 Heritage Auctions | All Rights Reserved