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

2067

1794 1C Head of '94. AU53 PCGS. S-65, B-51, R.1

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1794 1C Head of '94. AU53 PCGS. S-65, B-51, R.1
<B>1794 1C Head of '94. AU53 PCGS. S-65, B-51, R.1.</B></I> <B>Bland XF45; tied for CC-6. Noyes XF45; CC-6. Photo #31897. Our EAC Grade XF40.<BR><BR>Equivalents. </B></I>Maris 32 (Shielded Hair); Frossard 19.1; Doughty 52; Hays 45; McGirk 5-C; Ross 28-EE; Chapman 49; EAC 55; <I>Encyclopedia </B></I>1668; PCGS #901374.<BR><B><BR>Variety. </B></I>Shielded Hair, the left border is deep. Right ribbon short, ending above fraction bar. The obverse appears on S-64, S-65, and NC-6. The reverse appears on S-65. Lettered Edge, leaf points up.<BR><B><BR>Surfaces. </B></I>Splendid surfaces with light olive highlights and a background of desirable light brown. Both sides exhibit the usual light handling marks that are consistent with the grade.<BR><B><BR>Die State VI.</B></I> An intermediate die state. The obverse has fine die cracks from the border through the 9, from the border into the field at 4 o'clock, from the border to the bust point, and from the border to the lower corner of the cap. The reverse has cracks from the border through the left side of the final S, forming a small lump just inside the border, and from the border through the final A to the wreath.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2006).<BR><BR><B>Census. </B></I>Although the most common 1794 variety, only five pieces grade AU or better, including just one in Mint State. The sole Mint State piece did not appear until the mid-1970s. Earlier, Sheldon wrote in <I>Penny Whimsy:</B></I> "Commonest 1794 without a doubt, and we are rather embarrassed to have to report failure in the current search for an MS example."<BR><BR><B>Commentary. </B></I>The dies were out of alignment on both the x-axis and y-axis, so that the left obverse border is always broad and deep, giving the variety its name of the Shielded Hair. Breen noted that the improper alignment was the cause of heavy die cracks, especially on the reverse: the misalignment "put extra stress on the left side of the obverse die so that it is not surprising that the die cracked below the date and left, only that it lasted long enough to create the most common 1794 variety."<BR><BR><B>Provenance. </B></I><I>Purchased at the 1974 Penn-Ohio Convention; Chuck Furjanic; Gordon Wrubel (2/1975); Denis W. Loring (12/1981); Del Bland; George E. Ewing, Jr.; Eric Streiner; Stack's (1/1993), lot 1098, $2,310; Anthony Terranova, Thomas D. Reynolds, and Chris Victor-McCawley.</B></I><BR><BR><B>Personality. </B></I>A coin dealer from Pittsburgh, <B>Chuck Furjanic</B></I> specialized in early copper issues for many years. He currently operates out of Irving, Texas, and also handles golf collectibles. Furjanic is known to large cent collectors for his discovery of the 1794 NC-9 cent.<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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