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

2021

1794 1C Head of '93. AU50 PCGS. S-19b, B-3b,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:8,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1794 1C Head of '93. AU50 PCGS. S-19b, B-3b,
<B>1794 1C Head of '93. AU50 PCGS. S-19b, B-3b, R.4. </B></I> <B>Bland VF25; tied for CC-8. Noyes VF25; tied for CC-9. Photo #20159. Our EAC Grade VF25.<BR><BR>Equivalents. </B></I>Maris 2 (Double Chin); Frossard 2.1; Doughty 19; Hays 2; McGirk 8-B; Ross 2-A; Chapman 2; EAC 3b; <I>Encyclopedia </B></I>1653; PCGS #1362.<BR><B><BR>Variety. </B></I>Head of '93; the chin is doubled. Dentils, stems, and ribbons are unusually long. The obverse appears on S-18a, S-18b, S-19a, and S-19b. The reverse appears on S-19a, S-19b, S-20, S-21, and NC-7. Lettered Edge, leaf points up.<BR><B><BR>Surfaces. </B></I>The sharpness is quite a bit finer, but the obverse has slight porosity and both sides have minor rim bruises. It has probably also been lightly cleaned, although the light tan color is delightful. Del Bland has deducted 10 points from the sharpness grade, while Bill Noyes made a larger 20-point deduction, each arriving at the same net grade. The upper right obverse and lower right reverse are weakly defined, with many of the surface marks in those areas remaining from the original planchet before the coin was struck.<BR><B><BR>Die State I. </B></I>The obverse die bulge remains from S-18 and now appears to extend slightly into the Liberty cap.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2006).<BR><B><BR>Census. </B></I>Three similar-quality XF40 coins are tied for finest known, including the ANS specimen. Those coins are followed by nearly a dozen pieces that fall in the Very Fine range. In <I>Penny Whimsy</B></I>, Sheldon called this variety a great numismatic prize in fine condition.<BR><B><BR>Commentary. </B></I>Copper for the 1794 cents arrived from several different sources. The most important supplier was Taylor and Bailey of London. That firm sent three deliveries of sheet copper totaling about 17 tons, arriving in November and December 1793, and later in June 1794. All other sources, combined, provided about seven tons. The Taylor and Bailey sheet copper was intended to be standardized at the thickness of a blank planchet, eliminating the need for rolling to the proper thickness. The purpose was to save the Mint's rollers for silver and gold coinage. An observed weight range of at least 30 grains indicates that the copper sheets were far from standardized, and that planchets were cut without regard for the actual thickness.<BR><BR><B>Provenance. </B></I><I>Peachtree Coin Shop (1971); C.F. Gordon, Jr.; Darwin B. Palmer, Jr.; Dr. Edward R. Bush; John R. Grellman; Gary Ruttenberg; Darwin B. Palmer, Jr.; Thomas D. Reynolds; Midwestern collector.</B></I><BR><BR><B>Personality. John R. "Bob" Grellman, Jr.,</B></I> is an author, researcher, and cataloger who specializes in the late-date large cents from 1840 to 1857. He is a partner with Chris Victor-McCawley in McCawley and Grellman Auctions, conducting specialty sales limited to early copper coinage and related items, including the annual Early American Coppers sales. Grellman was born October 29, 1945, and is a retired Air Force officer. He is the author of several books, including the award-winning <I>The Die Varieties of United States Large Cents, 1840-1857</B></I>. Grellman began collecting coins in 1953 and operated a coin shop with his father from 1963 to 1967. He currently serves as a contributor to the <I>Guide Book of U.S. Coins</B></I> (the Redbook) and the <I>Handbook of U.S. Coins</B></I> (the Bluebook).<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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