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Message:: [QUOTE="physics-fan3.14, post: 3311948, member: 19165"]Before a coin is actually produced for circulation, there are a number of "pattern" coins made. These are proposed designs. A huge number are drawn on paper, some are modelled in clay, some are actually engraved and struck. The mint officials then look at the proposed designs and decide what they like and don't like about the design, and send it back for another round of design, refinement, and engraving. What you show here is a "pattern" coin, a proposed design struck in very limited quantities. This design was obviously not chosen for production. These pattern pieces are often highly collectible, and often quite rare. Because of this, their prices are usually quite high as well. Judd wrote the standard reference on these pattern coins. The coin you are inquiring about is known as "Judd-1392." If you want to see more about these in the Heritage auction archives, see here: <a href="https://www.ha.com/c/search-results.zx?N=0+790+231&Ntk=SI_Titles-Desc&Nty=1&Ntt=judd+1392&ic4=KeywordSearch-A-K-071316" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ha.com/c/search-results.zx?N=0+790+231&Ntk=SI_Titles-Desc&Nty=1&Ntt=judd+1392&ic4=KeywordSearch-A-K-071316" rel="nofollow">https://www.ha.com/c/search-results.zx?N=0+790+231&Ntk=SI_Titles-Desc&Nty=1&Ntt=judd+1392&ic4=KeywordSearch-A-K-071316</a>[/QUOTE]