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

2048

1794 1C Head of '94. AU53 PCGS. S-46, B-36, R.3

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,250.00 USD Estimated At:1.00 - 1,000,000.00 USD
1794 1C Head of '94. AU53 PCGS. S-46, B-36, R.3
<B>1794 1C Head of '94. AU53 PCGS. S-46, B-36, R.3.</B></I> <B>Bland XF45; tied for CC-6. Noyes XF40; CC-5. Photo #20058. Our EAC Grade XF40.<BR><BR>Equivalents. </B></I>Maris 35 (Plicae); Frossard 20c; Doughty 55; Hays 48; McGirk 3-I1, 3-I2, 3-I3; Ross 29-HH; Chapman 34; EAC 34; <I>Encyclopedia </B></I>1668; PCGS #901374.<BR><B><BR>Variety. </B></I>Hair locks form five heavy braids. Heavy die break or chip crosses E in CENT. The obverse appears on S-45 and S-46. The reverse appears on S-46. Lettered Edge, leaf points up.<BR><B><BR>Surfaces. </B></I>This is a sharply detailed example with pleasing medium brown color that exhibits faint traces of pale blue toning. Both sides have a few trivial surface marks that are inconsequential. A thin depression behind Liberty's chin will aid in provenance tracking. The proper angle of light will also reveal subtle remnants of original mint color.<BR><BR><B>Die State I. </B></I>An early die state. The obverse is cracked from the lower right border through the bust and neck to the hair. Most known examples have extensive cracks on the obverse. The reverse die flaw forming the crossed E in CENT is constant.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Chapman and in Noyes (2006). The Breen plate coin is misidentified as this coin.<BR><BR><B>Census. </B></I>This piece falls at the low end of the traditional Condition Census. Bland records two Mint State pieces and three AU examples. Noyes grades this piece XF40 and places it alone in fifth position.<BR><BR><B>Commentary. </B></I>The S-46 is rather plentiful, although it is under no circumstances common. It is another of the "one-glance" varieties, immediately identified by the heavy break or sliver that crosses the E of CENT, nearly reaching the lower right corner of N in ONE.<BR><BR>Many early cent varieties can be identified by unique features. Among the famous one-glance varieties is the Starred Reverse, or S-48, of which the finest known is about to be sold.<BR><BR><B>Provenance. </B></I><I>Arthur Sargent (S.H. Chapman, 6/1913), lot 455, $18; Thomas Elder; Waldo Newcomer; B. Max Mehl; Howard R. Newcomb (J.C. Morgenthau, 2/1945), lot 63, $25; Milton Holmes (Stack's, 10/1960), lot 1375, $360; C. Douglas Smith (1965); Alfred Bonard; Numismatic Enterprises (1968 ANA), lot 1718, $650; Julian Leidman; Dr. Robert Schuman; Denis W. Loring; John W. Adams (Bowers and Ruddy, 1982 FPL), lot 41, $2,750; Denis W. Loring (5/1983); Jack Robinson (Superior, 1/1989), lot 79, $3,740; Gary Ruttenberg (McCawley & Grellman, 8/1996), lot 90, $5,610.</B></I><BR><BR><B>Personality. Waldo Newcomer</B></I> served as president of the National Exchange Bank and as CEO of the Baltimore Trust Company. He was born in 1867. He formed a collection of approximately 4,000 coins that was sold to B. Max Mehl in 1931 for $250,000 after Newcomer lost his fortune in the Depression. His collection is not familiar to modern-day numismatists, as there was no auction catalog, although many of his coins were sold by J.C. Morgenthau in 1939. Circumstances of his death in 1934 are unknown; Walter Breen claimed that he committed suicide.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot