Collecting US Pattern Coins can be an exciting and rewarding hobby, but it might seem challenging if you’re just starting out. Pattern coins are special coin designs that were proposed but never officially used in regular coinage. These unique coins offer collectors a fascinating glimpse into the history and creativity of the US Mint. To help you start your collection, we have gathered insights from expert collectors and outlined the key steps you can follow to build a meaningful set of pattern coins.
Table of Common Pattern Coins
| Coin Type | Year | Description | Estimated Price Range |
|---|---|---|---|
| Judd 1550 | 1877 | Morgan dollar prototype with a unique reverse featuring a three-leaf branch | $5,000 – $20,000 |
| Indian Cent Patterns | 1858 | Early cent designs similar to Indian head cents, often in copper or aluminum | $2,000 – $10,000 |
| Liberty Nickel Patterns | 1882-1883 | Rare nickel designs, available in proof conditions and various metals like aluminum | $3,000 – $15,000 |
| Goloid Dollar Patterns | 1878-1880 | Experimental coins made with a blend of gold, silver, and copper | $4,000 – $12,000 |
| Seated Liberty Patterns | 1870 | Various experimental designs of the Liberty Seated series, often in aluminum | $6,000 – $25,000 |
How to Start a US Pattern Coins Collection
1. Choose a Focused Series
Begin by selecting a coin series you are already interested in, like Morgan dollars, Liberty nickels, or Indian cents. This can help you find pattern coins related to your existing collection. For example, if you collect Morgan dollars, consider looking for early prototypes like the Judd 1550.
2. Consider Your Budget
Pattern coins can range from a few thousand dollars to tens of thousands of dollars. Start with a budget-friendly set like Indian cent patterns or Liberty nickel designs. These are often more accessible and can be a good entry point for beginners.
3. Look for Unique Designs
Focus on coins that stand out for their design or history. Some collectors enjoy building a set around a particular theme, like Seated Liberty patterns from the 1870s or the rare Goloid dollars. Unique patterns can make your collection more interesting and valuable.
4. Buy from Reputable Dealers
Make sure to buy from trusted dealers who specialize in pattern coins. This can help you avoid counterfeits and ensure the quality of the coins you purchase. Experts like Saul Teichman emphasize the importance of working with experienced dealers to find authentic pieces.
5. Consider Long-Term Goals
Think about your long-term collecting goals. Are you aiming to build a complete set, or are you more interested in adding a few unique pieces to your collection? Pattern coins are a great way to enhance an existing collection without the pressure of completing a full series.
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FAQs
What are US Pattern Coins?
US Pattern Coins are experimental coin designs created by the US Mint, often to test new designs or metal compositions before releasing them into circulation.
Why are Pattern Coins valuable to collectors?
Pattern Coins are rare and represent unique designs that were never released to the public. Their rarity and historical significance make them highly sought after by collectors.
How much do Pattern Coins cost?
Prices vary greatly depending on rarity and condition, ranging from a few thousand dollars for common patterns to tens of thousands for rarer pieces.
Can I collect Pattern Coins on a budget?
Yes, focusing on more common patterns like Indian cent designs can be a more affordable way to start. It’s possible to find interesting pieces without breaking the bank.
Where can I buy US Pattern Coins?
It’s best to buy from reputable dealers or auctions specializing in rare coins. Online platforms and coin shows are also great places to find unique pieces.