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2062

1794 1C Head of '94. MS62 Brown PCGS. S-60,

Currency:USD Category:Coins & Paper Money Start Price:7,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1794 1C Head of '94. MS62 Brown PCGS. S-60,
<B>1794 1C Head of '94. MS62 Brown PCGS. S-60, B-52, R.3.</B></I> <B>Bland AU55; tied for CC-2. Noyes AU50; CC-2. Photo #36873. Our EAC Grade AU55.<BR><BR>Equivalents. </B></I>Maris 23 (Patagonian); Frossard 14.1; Doughty 21; Hays 35; McGirk 2-C; Ross 22-X; Chapman 41; EAC 51; <I>Encyclopedia </B></I>1668; PCGS #901374.<BR><B><BR>Variety. </B></I>Date is closely spaced, hair is thick and luxuriant. Three berries below ER are nearly aligned. The obverse appears on S-60 and S-61. The reverse appears on S-60. Lettered Edge, leaf points up.<BR><B><BR>Surfaces. </B></I>Deep steel-brown surfaces with considerable luster and sharp design features. The obverse has a small splash of maroon on the cap. Nearly flawless surfaces with a few tiny planchet marks on each side. Conservatively graded "AU50+" in the John Adams price list by Bowers and Ruddy.<BR><BR><B>Die State IV.</B></I> Just shy of the terminal die state for the variety. Both sides have heavy clash marks, especially above the head and within the leaves below STA. The obverse has a crack through the tops of LIBE, extending left through the top of the cap. Another light crack can be seen from the border to the lowest hair curl, left of the 1. This is a later die state than examples of S-61, meaning that S-60 was struck on two different occasions with S-61 interrupting the die marriage.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Frossard-Hays and in Noyes (2006). The reverse is illustrated in <I>Penny Whimsy</B></I>.<BR><BR><B>Census. </B></I>The St. Oswald Collection revealed the finest known example of the variety, a splendid Mint State coin. This piece is second best, followed by a few XF coins and several VF pieces.<BR><BR><B>Commentary. </B></I>The present specimen, pedigreed back to Charles Bushnell, was unknown to Sheldon when he wrote <I>Early American Cents,</B></I> but was discussed in <I>Penny Whimsy</B></I>: "The ... Brand hoard remnant produced an AU55 in 1951."<BR><BR><B>Provenance. </B></I><I>Charles Bushnell; Lorin Parmelee (Chapman Brothers, 6/1882), lot 2625, $11; Chapman Brothers; Lorin Parmelee (New York Coin & Stamp Co., 6/1890), lot 689, $17; Dr. Thomas Hall (9/1909); Virgil M. Brand; New Netherlands (10/1951), lot 601, $205; Dr. William H. Sheldon; Dorothy Paschal; John W. Adams (Bowers and Ruddy, 1982 FPL), lot 57, $4,250; Dr. Boyd Hayward (Bowers and Merena, 9/1997), lot 262, $15,400; Dr. Allen Bennett (1/1998).</B></I><BR><BR><B>Personality. Charles I. Bushnell</B></I> was a New York lawyer who had a particular interest in Colonial coinage. He was born in New York City and died there on September 17, 1880. Some sources state that he was born in 1826, while others claim he died in 1880 at the age of 70. Bushnell is described as an extremely secretive man. He was the author of two booklets about trade tokens, political tokens, and election medals, published in the late 1850s. His collection was purchased intact by Lorin Parmelee for about $8,000. After Parmelee picked out pieces for his own collection, the remainder was sold by the Chapman brothers in June 1882, establishing the young duo as important numismatic auctioneers.<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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