This is a copper example of the 1853 restrike dollar. These are believed to have been deliberately struck for sale to collectors as were their silver counterparts.
Contrary to the writings of Breen and others, the 1853 restrike in both silver and copper appear to have been struck later than previously believed.
The listing for a silver proof in the 1864 McCoy sale has been discredited. It only realized $8.50 which is much less than the prices realized for the 1851 and 1852 silver restrikes. The McCoy piece was purchased in Woodward's 1863 Colburn sale for $7. It is likely the same example which was offered in Woodward's 1862 Finotti sale. Your editor is unaware of any example being offered prior to the 1870s.
The first occurrence for a copper one is lot 262 in Haseltine's March 1876 sale raising the possibility that these were struck in the late 1860s through the early 1870s when James Pollock was Director of the U.S. Mint.
There are about a half dozen known in copper with the Eliasberg example probably being the finest. Virgil Brand owned at least 2 of these (journal #s 33085 and 44081) as did Waldo Newcomer.
Photo courtesy of American Numismatic Rarities.