1865 Fancy 5 PUN-001

>>>>1865 Fancy 5 PUN-001

1865 Fancy 5 PUN-001

Attributed to: Walter Breen

Cross-references
S1a
Breen 1964
P1

Design: Fancy 5
Composition: Bronze
Strike Type: Circulation

Categories: , ,

Variety Summary

This variety was long assumed by Breen (1988) and Snow (1992) to be an overdate with repunching. However, research by two-cent specialist Frank Leone and members of the Fly-in Club revealed that some 1865 digit punches were cast with a 4 underlying the 5 (Longacre’s Ledger Vol. 2, No. 2). Therefore the 5/4 existed on the digit punch itself.

Digit punches are made similarly to dies. Like a hub, which creates dies, a matrix is used to create digit punches for any given year. If there is a flaw in the matrix, then that flaw will be transferred to each digit punch that is made from that matrix. It is possible that the mint ground away the 1864 from an existing matrix for reuse in 1865, but unintentionally left traces of the 4 in the matrix.

The 5/4 seen in the 1865 PUN-001 and PUN-002 are also seen on several different dies in the two cent series. The 4 underlying the 5 is always in the same exact position on each die, despite the date positions being different for each. This leads us to conclude that the 5/4 could only have been imparted by the use of a single, flawed digit punch and is not an overdate.

Additional Notes

Obverse

5/4 digit punch variety. RPD to the south of 1865. Later die states have a crack from rim at 9:30 through UNITED and the bottom of the date. Die scratches from Liberty's eye to her hairline and under her ear.

Reverse

Two reverse dies have been seen.

More Info

Finders:

1865 FND N/A

Poliquin:

1865 P1

Snow:

1865 S1a

Breen:

Breen 1964

Marvin and Margolis:

MM N/A

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