SOLD
23,000.00USD+ (4,025.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2017 Mar 10 @ 02:17UTC-5 : EST/CDT
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(1922) C. Bechtler $5. Kagin-3 Die Trial Pattern (page 324 of Private Gold Coins and Patterns of the United States) of the K-31 (page 265) Unofficial U.S. Mint “Chapman” Restrike. Gilt Brass. Plain Edge. UNIQUE. MS-63 PCGS.
This frosty olive gold example appears almost matte-like in-hand. The soft luster seemingly glows from within on this choice example. Close-in examination reveals the light rust that was present in the early 1920’s when dealer Henry Chapman reportedly found three Bechtler dies. Taking advantage of his Philadelphia connections, Chapman had the Mint strike “Ten (10) Gold Bechtler Medals, .999 Fine” in March, 1922. Prior to the gold strikings he had the Mint strike this one in brass and then had it gilded to see what it would look like in gold. This is evident because unlike all the gold restrikes, there has no prominent die break on the obverse.
Pioneer patterns, with the exception of the Colorado Clark, Gruber & Co. series of 1860-61, are extremely rare, with only a half dozen known from our nation’s first gold rush. There were no known die trials of a restrike until this piece was offered in 1933 by B. Max Mehl as part of the Waldo Newcomer collection. It later wound up in the collection of King Farouk and sold by Sotheby’s in February, 1954 where it was acquired by dealer James Kelly. Kelly sold it in one of his catalogs in August 1956 and its whereabouts went unknown until Don Kagin acquired it for the Clifford-Kagin Collection. When that collection was privately sold by Kagin's, Dr. Allan purchased all the Bechtlers intact including this piece. It has not publically been on the market for over sixty years!
No others are known. As a matter of fact, there is no other known pioneer pattern restrike.
Expect hearty bidding activity will be the order of the day for this historic and unique rarity.
Obverse: CAROLINA GOLD arcing around, 141.G: at center, 20. beneath, CARATS beneath in small letters. No die crack from 12:00 to A in CARATS
Reverse: C: BECHTLER. AT RUTHERF: and star around, 5 at center, DOLLARS curves below.
Die Alignment: 180 degrees.
PCGS & NGC Population: 1 no others known.
Ex: From the Allan Collection.
Ex: Waldo Newcomer, B. Max Mehl 1933, King Farouk, Sotheby’s Palace sale 2/54:1712, James Kelly 8/56:1830, Clifford and Kagin Collections.
PCGS Coin Facts
Auction Location:
9800 International Drive, Orlando, Florida, 32819, United States
Previewing Details:
auctions.kagins.com
Sales Tax on currency to non-dealers and coins under $1500 shipped to CA or $1000 to MD per tax accountant
Taxes:
| Tax | Rate | Desc. |
| FL |
6% |
Florida Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
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Terms and Conditions of Sale
1. Auction Company. This public auction is being presented by Kagin’s Auctions, a division of Kagin’s, Inc. (“KA”)
2. Binding Effect of Terms and Conditions. These Terms and Conditions are legally binding on anyone that registers
to bid, or actually does bid, at a KA auction. They define the relationship between bidders and KA before, during and after
the auction, and limit KA’s liability to bidders.
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consignors. KA is not required to divulge to prospective bidders the identity of any consignor, except as provided by these
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which KA is not required to disclose to prospective bidders. The Consignment Contract may permit a consignor to bid on his
or her own lots and pay commissions if successful. If a consignor bids from the floor for his or her own lots, KA may so note
to all present. KA reserves the right to omit from its published prices realized the purchase prices of items re-purchased by
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corporation agrees in writing to personally guarantee payment. Likewise, bids will be accepted from persons under age
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than one identical bid is received for an item, the auctioneer may prefer the first bid received and may prefer a mail bid over
an identical floor bid. In case of any disputes regarding the existence or amount of bids the auctioneer may rescind the sale
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shall be final. KA IS NOT RESPONSIBLE FOR ERRORS IN BIDDING, and mistaken bids will not justify rescission of a sale.
www.kagins.com xv
Terms and Conditions of Sale (Continued)
10. Buyer’s Commission and Taxes. THE PURCHASE PRICE FOR ALL LOTS INCLUDES THE SUCCESSFUL BID PLUS A
BUYER’S COMMISSION OF 17 1/2%, except as otherwise provided by written agreement between a bidder and KA. Bidders
acknowledge that they are responsible for all sales, use or other taxes applicable to their purchases, and for any interest or
penalty related to unpaid tax, regardless of whether KA collected such taxes at the time of purchase.
11. Kagin’s Loyalty Discount. All successful purchasers shall be entitled to a credit against any future
purchases in a KA auction, in the amount of one percent (1%) of the total purchase prices paid by
them (hammer plus buyer’s commission – taxes or other charges not included), such credit to extend to the next two (2) KA
auctions, or a period of 1 year, whichever is longer.
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terms, they will be liable to KA for interest on the unpaid balance at the rate of 1 1/2% per month (or the maximum rate
permitted by law, whichever is lower), and for reimbursement of all collection costs incurred by KA (including the costs of
engaging an attorney and pursuing legal proceedings). In addition to the foregoing, purchasers grant KA a security interest
in any items purchased by them, to secure any outstanding indebtedness to KA (whether from purchase of the items
themselves or other items), and agree to execute such documents as KA may deem needed to evidence this security interest.
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the purchaser contends that the item is counterfeit, contains an altered date or mintmark, or contains undisclosed repairs;
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provenance or pedigree, or strike, or whether a coin is a proof.
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