Estimated grade. USA & DATE HOLEY GOLD DOLLAR OBVERSE/LAUREL SPRIGS WREATH REVERSE. Obverse with USA above and 1852 below. There are two known of this, the rarest pattern ring dollar. The Wilkison example was struck over an 1846 quarter eagle, while the other one known was struck over an 1859 quarter eagle., which obviously is a restrike, as the 1852 date would indicate. The reverse is a circle of laurel sprigs. Pedigree of the Wilkison example: unknown; F.C.C. Boyd; J.H. Judd; A. Kosoff; Dr. John Wilkison; Tennessee Coin Exchange; Julian Leidman & Mike Brownlee; Paramount Coin Co.; A-Mark; unknown.
In 1852, the Mint experimented with increasing the size of the Gold Dollar without increasing the amount of gold in each coin. Two methods were considered - adding more metal (copper or silver) to the alloy or increasing the diameter of the coin and perforating the center. The first method was never tried because it was known that adding silver would turn the alloy white and adding copper would turn the alloy red. Thus, the second method was tried, first by perforating previously struck coins, then by creating new dies specifically designed to produce perforated or "annulated" coins. Judd 137 may have been one of the earliest types produced, as one of the two known examples is claimed to have been struck over an 1846 Quarter Eagle. On the other hand, we know that the other of the two known Judd 137s was struck in 1859 or later, as the underlying coin is an 1859 Quarter Eagle. Either one is an "original" and the other a restrike, or both are fantasies produced after the date they bear.
Were the Judd 137s perforated before or after the coins were overstruck?
When was the undertype first attributed as an 1846 Quarter Eagle?
F.C.C. Boyd -
Dr. J. Hewitt Judd -
Abe Kosoff, 1962, "Illustrated History", Lot 164 -
Dr. John E. Wilkison -
Paramount International Coin Corporation -
LRIS Collection -
Chapman’s May 1906 sale of the H.P. Smith collection -
Sotheby’s 1954 sale of King Farouk’s "Palace Collection", part of Lot 334 (which also contained a Judd-145 and a blank planchet for Judd-135) -
Robert Schermerhorn -
James Kelly’s 1956 ANA Sale -
Dr. James O. Sloss -
sold in 1974 to Abe Kosoff -
New England Rare Coin Auctions’ July 1979 ANA Sale, Lot 1298, where it was pictured and described as "Uncirculated".
Chapman described the coin as being struck over an 1839 Quarter Eagle, an attribution that was finally corrected by David Akers, who examined the piece and discovered the date of the undertype to be 1859! Pollock incorrectly lists this example as being struck over an 1846 Quarter Eagle.