1860
$5 (J-272, low R-6) NGC PF-65RB - Within the full
spectrum of American patterns, the gold patterns are
in the distinct minority. Most known examples are off-metal
pieces, usually struck in copper or silver for the sale
to collectors. True patterns are raree, and in the distinct
minority. The examples that are known to exist, however,
are often true pieces of art.
The present piece is both an original
pattern, struck in copper, and one of those true pieces
of art as well. It was struck shortly before the Civil
War, when both gold and silver coins were still frequently
seen in circulation. This circulation did provide the
Mint with several unexpected problems. One of these
was the practice of slicing a gold coin in half, scooping
part of the gold in the center of the coin, and subsequently
replacing it with a metal of lesser value. The pattern
that is offered here was created to show one of the
ideas for solving that problem.
This coin has the size of a regular
eagle, or $10 gold piece. It is much thinner, having
the amount of gold of a half eagle or $5 gold piece.
The obverse shows a head of Liberty, with 3 stars on
her diadem. The reverse shows an eagle not used on any
circulating coinage, holding a scroll with the motto
E PLURIBUS UNUM above its head. Although it does have
an unnatural look, the overall display looks very pleasing.
The present offering is the finest
of just 3 pieces graded with the Red-Brown color designation.
Large amounts of original Mint red color is retained,
but when tilted the coin tones to a handsome and original
blue and violet color. As can be expected, the eye-appeal
is exceptional and no major marks are seen on either
side. Approximately 20 pieces remain to exist in all
grades, with many pieces in gilt. This piece offered
here is no doubt very near the top of the condition
census, and this is a rare opportunity for the pattern
specialist.
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