LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

2301

1792 P10C Disme, Judd-11, Pollock-12, R.8,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:62,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1792 P10C Disme, Judd-11, Pollock-12, R.8,
<B>1792 P10C Disme, Judd-11, Pollock-12, R.8, Genuine PCGS.</B></I> 58.2 gn. The obverse portrays Liberty facing to the left with flowing locks of hair. Around, LIBERTY PARENT OF SCIENCE AND INDUS(try), the date below the bust. On the reverse, an eagle flies in a plain field with the statutory legend UNITED STATES OF AMERICA around, and the denomination DISME below. Struck in copper with a plain edge. The plain edge is the distinction that separates Judd-11 from the relatively "common" Judd-10.<BR> The obverse has several heavy marks that are immediately obvious. They are described as "cancellation marks" in the February 2005 Goldberg catalog where this specimen was last offered for sale. At that time, the cataloger observed: "Currently, the exact nature of these markings can only be speculated over and while we will attempt to do just that, feel free to come to your own conclusions. We feel the current coin is a presentation piece of the Plain Edge 1792 disme and that the coin possesses cancellation marks. Generally, the cancellation occurs on the die itself and therefore, the corresponding cancelled coins have raised marks where the metal would flow into the depressed canceling marks on the die. ... we know that a single obverse die of this design can be accounted for. Since both Plain Edge (Judd-11) and Reeded Edge (Judd-10) examples are known for the 1792 copper disme, it seems entirely possible that Plain Edge examples were struck, then rejected in favor of the production of reeded edge examples. Obviously, with only one die in existence, the coin itself had to be cancelled rather than the die."<BR> The description in the Goldberg catalog continues at some length. Their speculation regarding cancellation marks, and canceling coins versus dies, is certainly fanciful, especially given the sale of old dies as scrap metal in later years. We are in full agreement that the marks appear contemporary with the coin, and believe that they occurred about the time the coin was struck.<BR> Aside from the obverse marks, and the corresponding flatness on the reverse, the physical appearance of this disme is amazing. The surfaces on both sides have rich chocolate-brown color, with hints of darker steel. Both sides have full original cartwheel luster, and the design elements are all boldly rendered. It is truly a remarkable, intriguing, and stunning numismatic property that will continue to promote conversation and speculation.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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