While reviewing the initial results in various categories of recent auctions, my initial take is that the sales were moderate to strong.
Patterns (1851) Values
The Greysheet Catalog (GSID) of the Patterns (1851) series of Pattern Coinage in the U.S. Coins contains 20 distinct entries with CPG® values between $1,300.00 and $24,000.00.
History and Overview
The patterns of 1851 reflect the efforts of 1850—the endeavor to create a more useful one-cent piece of smaller diameter than the large copper version that had been in use since 1793. Billon was again the metal of choice.
In 1850 and later, certain ring-form or annular patterns were struck. Original 1851 pattern cents were struck in billon. Restrikes were made in copper and various alloys, including billon.
As part of James Ross Snowden’s restriking activities in 1859, Proof examples of certain rare silver dollars of earlier dates were made, including the 1851 and 1852. For the 1851 dollar, the original die (with four-date digit logotype slanting slightly upward and the date close to the base of Liberty) probably could not be located in 1859. In any event, a different die, not originally used in 1851, with the date horizontal and centered, was employed. Whether this die was created new in 1859 and given an 1851 date, or whether it was made in 1851 and not used at that time, is not known. Restrikes in silver are well known on the numismatic market today and are highly prized, for original strikings are extremely rare and in any event are not known to have been made in Proof format. Listed in the present text are off-metal impressions in copper and nickel.
Collecting Perspective
One or more examples of the pattern cents of this year, J-127 through J-131, can be obtained relatively easily, either in perforated or unperforated form, most being restrikes. Collectors desiring just a single coin might opt for a billon original.
The off-metal strikes of the 1851 silver dollar occasionally come on the market. More often seen are regular silver impressions (not listed here). The nickel—possibly copper-nickel—impression is unique.
Greysheet News
More than 300 lots, consisting of high quality Walking Liberty half dollars from the Mack C. Chase Collection are set to cross the auction block as part of Stack's Bowers Galleries' November Showcase Auction, the official auction of the Whitman Expo.
The 1943 bronze Lincoln cent, graded Extra Fine by PCGS, was acquired from a family that held it unverified since the early 1960s.





