Ryder-1 variety, low Rarity-6 per our own proprietary census data, but in our experience this is a coin which is seen far less frequently than other similarly rare items.

Indeed, in the last 20 years or so, we know of just half a dozen or so distinct specimens which have traded publicly, including this coin which last appeared in Bowers Lindesmith & LaRiviere Collections auction in November 1999, where it was described in unvarnished terms as follows:

"Medium tan with uniformly porous surfaces.  On a small, crude flan, a common occurence for this rare and desirable muling.  VERMON AUCTORI is somewhat faint in areas, the same can be said for the reverse legend, although IMMUNE is nearly legible.  The date is off the flan."

Still, this is a wholly representative example of a type which is seldom offered in any grade, and, even when it is, tends to have serious planchet flaws and hideous voids.

In other words, this one isn’t that bad for the issue, and anything materially better is likely to cost multiples of this price.

Note that PCGS has graded just 2 of this issue in any grade, this piece, and a lone VF.

Ex Stack’s November 1999 sale of the Lindesmith & LaRiviere Collections as noted, lot #164, where it realized $2,530; earlier Stack’s September 1993 sale, lot #1061; earlier Stack’s October 1989 sale of the Gilbert Steinberg Collection, lot #147.

SOLD

To order or inquire about this item, call us at 1-800-Coins-99 or email us at John@CoinRaritiesOnline.com or complete the form at the bottom of this page.