Lot 589
1861 Pattern Eagle, J-287, P-342, Rarity 7. Copper, reeded edge. NGC graded Proof 66 Brown. The obverse is the Liberty Head type used on regular issue coinage, the reverse is very similar too, except for the addition of the motto GOD OUR TRUST over the eagle. As we know, in 1866 the motto IN GOD WE TRUST was added to a scroll over the eagle. This was one of the experimental pieces which lead to that change.
As to rarity, this coin is certainly extremely rare, but we have reduced its rarity from Rarity 8 due to the number graded by both PCGS and NGC (a total of 10 pieces between the services.) It is probable that some duplications are included in the number graded, as coins are frequently sent to both services to see which will give a higher grade, hence duplication. Nevertheless, this one is the finest graded by either service, with only a single coin graded a notch lower by NGC. Possibly this is the Stack's October 1988, lot 628 specimen as it was noted to have a die alignment of 300 degrees, which approximates this examples die alignment.
Superb surfaces, the bronzing is even and the color a unform reddish brown. Identifiable by a short lint mark below Liberty's chin. As to the strike, it is complete and bold throughout, even the fin, or knife rim is sharp and complete on the reverse. An exceptionally beautiful piece, and worthy of the finest pattern collection.
Estimated Value $4,000 - 5,000.
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| Realized $4,140 |
