||1868 $20 Twenty Dollar, Judd-665, Pollock-740, Low R.7, PR65 Cameo NGC. A gleaming Gem proof example of this largest and most impressive double eagle pattern from the 1868 aluminum proof set, struck in aluminum with a reeded edge from the regular-issue dies for the year. Even though a Cameo designation is lacking, much contrast between fields and devices is evident on the appealing, problem-free surfaces. It appears that most of the 1868 aluminum proof sets were either sold to collectors or provided to well-connected individuals. There are four documented complete or formerly complete aluminum sets, including the Garrett set, which we handled in our FUN Signature in January 2013, realizing $211,500; the present Hugh McCulloch-Eric P. Newman set, now being sold separately; the William Fewsmith-Waldo Newcomer set, still intact; and the set that was in Linderman's estate after his death in 1879. The Lyman Low 1887 sale of that set by Linderman's widow was halted by government officials, and the 1868 aluminum coins (along with some other off-metal patterns, later returned) were confiscated and reportedly destroyed. The collections of Matthew Stickney (Henry Chapman, 6/1907) and George Woodside (New York Coin & Stamp, 4/1892) may represent portions of other 1868 aluminum proof sets that were complete or substantially complete at one time, but have long since been broken up. Apparently, a few individual pieces of each denomination were struck outside of the complete sets. Part of a complete 16-piece aluminum proof set. Ex: Treasury Secretary Hugh McCulloch (circa 1868); McCulloch family; Eric Newman; Eric P. Newman Numismatic Education Society.
Realized $25850.00. Description courtesy of Heritage Auctions.