Price: 6,725.00 - SOLD - 11/01/2011* Free Shipping and Insurance for coins at $10K or above.
1870 10C (J-841, high R-7) PCGS PR-62 The standard silver issues are generally considered common within the whole spectrum of American patterns. Yet, there are some issues that are not frequently encountered, and the series of aluminum pieces holds most of them. Aluminum was still considered to be a semi-precious metal, and carried a strong premium over other metals. As a result, mintages were extremely small, with the present piece being no exception. Pollock reported only 4 examples, and it is unlikely that since the publication of that work, many more could have turned up.
Although not considered patterns in the true sense, which are correctly classified as new proposes for circulating coinage, these pieces do fall under that sector. The standard silver issues of 1869, 1870 and 1871 are generally considered to be the prime result of the objective of the Mint to generate as much money as possible. They were exclusively sold to collectors, often in sets, which were later split up when coins were sold individually. Nowadays, completing a full set of any standard silver issues in any metal is a very good accomplishment, not undertaken by many.
The present offering represents one of the rare examples of a piece struck in Aluminum. While being somewhat oxidized on the obverse, limiting the grade, this is a common feature with these light pieces. Strong mirrors show in the fields, and the devices are moderately frosted as well. Sharply struck, with all details showing on both sides in full. A great coin for the specialist, or anyone seeking a rare pattern.
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