$5.00 Starred Liberty Cap Patterns
1861 $5 Five Dollar, Judd-283, Pollock-336, Low R.7, PR65 Red and Brown NGC
This rarely seen five dollar pattern is a large-diameter coin with the Longacre design from 1860: Liberty facing right, wearing a Phyrgian cap, three stars above the forehead, date below. The reverse is also from a Longacre design and shows a spread-winged eagle. Struck in copper with a reeded edge. The lettering appears to have been done by Anthony Paquet. Interestingly, the V in FIVE on the lower reverse is an inverted A--seen here with no attempt made to polish away the crossbar of the A. These pieces are known on both thin and thick planchets. This is a thin planchet piece.
These patterns were proposed as an anticounterfeiting measure; by making the diameter of the coin larger the thickness would be reduced, thereby making it more difficult to drill out the interior of the coin and fill it with a metal other than gold.
$12,650.00 (Apr 29, 2009 HA.com)
Source for information and pictures courtesy of Heritage Coin Auctions
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