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1862 US Large Cent, A Mint Employee Piece?

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southerngent's Avatar
United States
469 Posts
 Posted 08/21/2010  8:54 pm Show Profile   Bookmark this topic Add southerngent to your friends list Get a Link to this Message Number of Subscribers
I have what may very well be a test piece or a piece made after hours. This shouldn't exist from everything I have read. I would love to know if anyone has any knowledge of such items. This coin is in really nice condition and looks to be the real McCoy but how and why?

1862-US-Large-Cent,-A-Mint-Employee-Piece?

1862-US-Large-Cent,-A-Mint-Employee-Piece?
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Adam_E's Avatar
United States
4846 Posts
 Posted 08/21/2010  9:02 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
if you go to the Red Book, in the back it has a significant U.S. patterns section. in that section, there is the same exact design but 6 years later.

maybe this was made but was never known?
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southerngent's Avatar
United States
469 Posts
 Posted 08/21/2010  9:06 pm  Show Profile   Bookmark this reply Add southerngent to your friends list Get a Link to this Reply
I am aware of the US patterns but as you pointed out, this one is not listed. Could this a ONE of a kind? Boy would that be cool!
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jakeW's Avatar
United States
689 Posts
 Posted 08/22/2010  12:54 pm  Show Profile   Bookmark this reply Add jakeW to your friends list Get a Link to this Reply
That would be an amazing discovery! I'm excited to hear what others have to say about this one.
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3660 Posts
 Posted 08/22/2010  2:32 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
I think that your very best bet for finding out for sure would be to send it to ANACS (yes ANACS rather than PCGS or NGC) for grading and attribution with a note of 'Attention: John Roberts'.
Valued Member
United States
314 Posts
 Posted 08/23/2010  11:22 am  Show Profile   Bookmark this reply Add Dcreek1968 to your friends list Get a Link to this Reply
Southerngent - how does this coin play out with regards to weight, planchet diameter, etc with an original large cent?
Valued Member
southerngent's Avatar
United States
469 Posts
 Posted 08/23/2010  11:29 am  Show Profile   Bookmark this reply Add southerngent to your friends list Get a Link to this Reply
I was at a local coin show yesterday and had an opportunity to speak with a past president of the ANA who was doing free grading and some experts in early US copper. It turns out that this is a bit of an oddity. The obverse is that of a $10 gold piece and the back is of course a large cent. How or why the front was minted from a $10 gold is unknown. The item is a half of each which was put together from what the experts said, over 100 years ago.I am told that even though this is not a pattern as they first thought, it is still very collectible with a small group of collectors and they suggested that in the right auction, it could realize between $500 and $1500 or more. It was also suggested that I send it in to be slabbed. I will keep everyone posted as I am meeting with the experts Wednesday evening at a local coin club meeting to get more info.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 08/23/2010  7:54 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
so its a mule?
Valued Member
United States
314 Posts
 Posted 08/24/2010  09:11 am  Show Profile   Bookmark this reply Add Dcreek1968 to your friends list Get a Link to this Reply
Sounds pretty cool, can't wait to hear what they have to say. I also wonder, is it a mule, or something put together outside the mint. STill curious about the weight and other specs. Great find!!
As I drool across the page!!
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Conder101's Avatar
United States
17884 Posts
 Posted 08/24/2010  09:48 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Interesting. It frankly looks too good to be your typical "put together" piece. The real question is going to depend on whether it is struck with genuine US dies or dies made up by a recent Chinese counterfeiter.

If the dies are real then it was probably made during the 1868 - 1870 period when a lot of fantasy restrikes and contrived rarities were coming out of the Mint with the knowledge and involvment of the officers.
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remmy1100's Avatar
United States
380 Posts
 Posted 08/24/2010  09:57 am  Show Profile   Bookmark this reply Add remmy1100 to your friends list Get a Link to this Reply
Looks Chinese to me, but I have been wrong more than once... I hope the best for it as it would be an awesome discovery. Good luck!
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southerngent's Avatar
United States
469 Posts
 Posted 08/24/2010  11:15 am  Show Profile   Bookmark this reply Add southerngent to your friends list Get a Link to this Reply
It is actually 2 halves put together. There is a seam that was pointed out to me. Someone struck the $10 gold in copper to get the obverse. I will keep you all posted as I am eager to get the answers as well. It was really well done by whoever did it. I don't think the Chinese would have bothered to cut two in half to make one where they could have just used the 2 dies. It don't ring as right to me but who knows.
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remmy1100's Avatar
United States
380 Posts
 Posted 08/24/2010  11:33 am  Show Profile   Bookmark this reply Add remmy1100 to your friends list Get a Link to this Reply
Listen to what you are saying.. There is a seam. minted coins were not struck one side then the other and then put together. This IMO (nothing more than my opinion) is not from the US mint. But if it is, it would be a dramatic and huge discovery, however I would not get too excited until you hear back from ANACS. I have seen Chinese Morgan Peace Obverse with Morgan reverse (but there was not seam). That seam bugs me.
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3660 Posts
 Posted 08/24/2010  3:07 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply

Quote:
it is still very collectible with a small group of collectors and they suggested that in the right auction, it could realize between $500 and $1500 or more. It was also suggested that I send it in to be slabbed.

Quote:
It is actually 2 halves put together. There is a seam that was pointed out to me. Someone struck the $10 gold in copper to get the obverse. It was really well done by whoever did it. I don't think the Chinese would have bothered to cut two in half to make one where they could have just used the 2 dies.


I agree, probably not Chinese....I also agree, the group of collectors who would pay $500-$1500 or more for such a thing must be INCREDIBLY small. (Try to find out who he is anyway).

I would also be very interested in knowing which TPG would slab such a rarity. (It may require the assistance of one of the less popular TPGs).
Edited by zeewool
08/24/2010 3:18 pm
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southerngent's Avatar
United States
469 Posts
 Posted 08/26/2010  11:30 am  Show Profile   Bookmark this reply Add southerngent to your friends list Get a Link to this Reply
OK, so I was at the local coin club meeting last night and a US large copper specialist looked the coin over and shared his thoughts with me. He does not think that my coin is 2 coins cut in half but does think it might be what he called an electro. That means that a mold was made of the sides of actual coins of probably wax due to the quality of the finish instead of the usual plaster to form the thin metal, in this case copper, to be clam-shelled together with some type of filler. If that is the case, he said it's the cleanest one he has ever seen. It leaves the question, why fake a cent when you have a $10 gold piece to make the mold from. This in gold with a lead center and the $10 gold back would be the way to go if you were making a counterfeit coin.

Then the conversation went back to the 1868 large cent pattern that was produced for no good reason where 7 examples exist. He thinks there could be the possibility of it being some sort of experimental coin or a pattern. So he is going to help me by looking through his books and connecting with some other specialists to see if he can help me solve this riddle.

Stay tuned!
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/26/2010  11:47 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Stay tuned!


Yer darn right I am.
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