Search in Feature Auction


CNG Bidding Platform

Information

Products and Services


Use Old Home Page

Feature Auction
CNG Feature Auction 117

Lot nuber 958

1870 Proof Pattern Aluminum Dime. Dies by William Barber, after James B. Longacre.


CNG Feature Auction 117
Lot: 958.
 Estimated: $ 500

United States, Aluminum

Sold For $ 4 750. This amount does not include the buyer’s fee.

Go to Live

1870 Proof Pattern Aluminum Dime. Dies by William Barber, after James B. Longacre. UNITED STATES OF AMERICA, head of Liberty right, wearing Phrygian cap decorated with stars; below, ribbon inscribed IN GOD WE TRUST / STANDARD SILVER, 10/ CENTS within laurel wreath; 1870 below. Edge: plain. Judd 860; Pollock 941. In NGC encapsulation 5938151-003, graded PF 64.

From the Dr. Jay M. Galst Collection.

By the second half of the 19th century, mints and governments around the world were finally beginning to understand how to maintain a fractional coinage in sufficient supply, a problem that had plagued the marketplace since the Roman Empire. The key was found to be the subsidized production of a fiduciary fractional coinage. Rather than individuals approaching the mint with bullion to be coined, the government itself would coin these smaller denominations on their own account, with a precious metal content sufficiently below the coins’ face value to keep it in circulation. With an eye to this, in 1869 and 1870 the mint produced a number of patterns in what was then called “standard silver,” a full-bodied silver coinage of reduced weight.

The final winners of all CNG Feature Auction 117 lots will be determined during the live online sale that will be held on 19-20 May 2021. This lot is in Session 4, which begins 20 May 2021 at 2 PM ET.

Winning bids are subject to a 20% buyer's fee for bids placed on this website and 22.50% for all others.

We recognize that our users may have various Internet Browsers and Operating Systems. We like our visitors to have the best possible experience when using our bidding platform. However, we do recognize that it is impossible to develop applications that work identically, efficiently and effectively on all web browsers The CNG bidding platform supports Mozilla Firefox (version 86+) and Chrome (version 88+).