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THE REGENCY AUCTION <strong>29</strong><br />
LOT 484<br />
$1 1870 J-1018. PCGS PR67 CAC<br />
This is undoubtedly, by a long margin, the FINEST J-1018<br />
and there are just TWO graded at PCGS of this Rarity-8<br />
Longacre dollar.<br />
Struck aluminum with a reeded edge, this beautiful pattern<br />
dollar has Longacre’s gorgeous Seated Indian Princess<br />
design paired with the regular proof reverse die.<br />
First, as noted, the design is gorgeous. Longacre’s creation,<br />
showing Lady Liberty dressed as an Indian Princess sits on<br />
a rock, supporting a globe inscribed LIBERTY and holding<br />
a pole with a liberty cap on top. What an improvement this<br />
design would have been if it had been adopted!<br />
The mirrors are sleek, and have a stunning deep flashing<br />
bold reflection that is just fantastic. While aluminum is a<br />
soft and reactive metal, there is not a single hairline, scratch,<br />
mark, or any type of corrosion that often plague coins struck<br />
in this metallic content. Every detail stands out in its full,<br />
higher relief definition. They are frosted, and this coin is<br />
truly a borderline CAMEO with impeccable surface contrast.<br />
There are a number of old auction appearances listed in the<br />
Pollock pattern reference, but the old photo plates (if they<br />
even have plates) make it hard to trace the provenance. For<br />
the entire J-1018, PCGS has graded two examples, this one<br />
the absolute finest, and the PR64 that is impounded in the<br />
Simpson Collection.<br />
PCGS 1, NGC 1, CAC 1. We do not doubt that this and the<br />
NGC coin are both the same coin. NGC has two coins in<br />
PR64 reported, likely the same example which is now in<br />
the Simpson collection. This may very well be a once in<br />
a generation opportunity for any advanced pattern dollar<br />
collector. There are no accurate guides nor is any fifteen year<br />
old APR relevant today for a coin graded much lower! The<br />
10th edition of Judd (2009) has a value of $52,500 in PR65<br />
and nothing is priced higher. This is a very cool coin that we<br />
have had a hard time putting down since it came in, and we<br />
think you will have the same problem when you see it!<br />
PCGS# 61266 | ESTIMATE: $65,000+<br />
225
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