Awesome, thanks for posting here. That is the Judd-264, and your image is actually flipped horizontally. It is listed as being struck on a copper-nickel planchet and incuse. Judd 10th edition states that it was struck by the master die, which doesn’t make sense. Only a hub could impart an incuse impression. I believe this coin last sold at Stacks Bowers for $109,250.
See following links for more information.
Undated (1860) Pattern Indian Cent–Obverse and Reverse Hub Trial. Judd-264, Pollock-3236. Rarity-8. Proof-65 (PCGS).
One of Only Three Known Examples of the Judd-264 Indian Cent Obverse/Reverse Hub Trial “The Famous Intaglio Cent”
This piece was struck from obverse and reverse hubs, which explains why the devices are incuse and in mirror image to how they would appear on a coin struck from a working die. The obverse features the obverse hub design of the regular issue 1860-1864 Indian cent series (i.e. Rounded Bust with no designer’s initial L), but without the date. The reverse features the Laurel Wreath design of the regular issue 1859 Indian cent. Struck in copper-nickel with a plain edge. The website uspatterns.com describes this hub trial as, “The famous intaglio cent.” Also per that source, the first appearance at auction for an example of Judd-264 was as lot 2660 in Haseltine’s 1873 Chubbuck sale. Some of the pedigree information for this type is unclear, as Saul Teichman points out, but his conclusion is that there are only three examples of Judd-264 in numismatic hands: 1. Ex: Pine Tree’s sale of September 1974; Superior’s sale of the Dr. Walter Lee Crouch Collection, June 1977, lot 98. 2. Ex: Loye Lauder sale. 3. The present example, with more pedigree information provided below. This particular example of Judd-264 is making its first ever appearance at auction, which occasion also marks its introduction to the greater numismatic community. The coin was obtained by William Bareford, son of Harold Bareford whose collection was sold by Stack’s in the early 1980s. William obtained this piece in 1961 from a neighbor whose grandfather had amassed a large box of coins while living in Philadelphia during the Civil War. The box was placed into a vault for storage when the neighbor’s grandfather went to China with his family in 1866 as an Episcopal missionary; he never returned to the States and remained in China until he died many years later. The missionary’s son, however, did return to the States in 1879 to go to college, and he remained in the U.S. thereafter. The existence and contents of the box remained unknown to the missionary’s family until the bank where it was stored found it while cleaning out the contents of their vaults — nearly 100 years after it had been placed in the bank for safe keeping in 1866. An important “discovery coin,” the fascinating appearance of Judd-264 with its incuse, mirror image devices further enhances this piece’s desirability for inclusion in either a specialized pattern collection or an advanced Indian cent set. Lovely golden-tan color to both sides, more direct angles also call forth subtle pinkish-apricot undertones in isolated areas. The detail is sharp, and post production blemishes are limited to a few trivial flyspecks in the recesses of Liberty’s portrait. The fields are rough, as made, from the unfinished surfaces of the hubs. One of many extremely important pattern offerings in this sale, this piece is sure to see spirited bidding. According to some numismatic scholars, Judd-264 was prepared to illustrate the anti-counterfeiting potential of using an incuse design on contemporary gold coins. Numismatic Reflections by Q. David Bowers Among pattern cents of this denomination, this has to be one of the most curious ever. Its history is not known, and the reason for its existence is thus a mystery. However, it does exist, is real, and is of exceeding rarity. Whether you ever own Judd-264 will probably depend upon your success here on Rarities Night.
Pedigree: From the William Bareford Collection. Paper envelope included.
Collecting Flying Eagle and Indian Head pennies never made more cents!
- This reply was modified 2 years, 9 months ago by Russ.