Estimated grade. BARBER ORNAMENTED CAP LIBERTY HEAD LEFT/UNEVEN UPRAISED WINGS EAGLE REVERSE.
David Akers (1975/88): Description: Obverse. Head of Liberty facing left wearing a cap with LIBERTY incused. Adorning the cap are two heads of wheat. Above the head is the motto IN GOD WE TRUST in very small letters. The date below the bust is also unusually small. There are seven stars around the border in front of the face and six behind the head. Reverse. An eagle with a small body and large wings hold three arrows in its left talon and an olive branch with seven leaves in its right. Directly over the eagle's head is the motto E PLURIBUS UNUM in two lines. The denomination FIVE DOLLARS is below the eagle. STATES OF is directly above the motto while UNITED is at the left border and AMERICA is at the right.
Comments: Two specimens of this pattern are definitely traceable today. One is in the possession of the City of Omaha, Nebraska as part of the famous Byron Reed collection. The other is the piece obtained by Paramount International Coin Corporation when it purchased the collection of gold patterns of D. J. E. Wilkison of Springfield, Tennessee. Dr. Wilkison acquired his piece along with 20 other gold pattern pieces from the Judd collection in 1962. I am not certain where Dr. Judd obtained the pattern but it was neither from Boyd, who to the best of my knowledge never owned this pattern, nor was it from Farouk. More than likely, this piece, along with J-1577, J-1579, and J-1581, came from the Col. Edward H.R. Green collection.
The lone auction appearance of J-1575 was in the Parmelee sale of 1890 where it was offered as a lot with the similar eagle, J-1579. The pair brought $23.00 (It is possible that this lot consisted of the two pieces that are now in the Byron Reed collection since that famous collection contains a number of other pieces from the Parmelee sale.)