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

2064

1794 1C Head of '94. MS62 Brown PCGS. S-62,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:48,750.00 USD Estimated At:1.00 - 1,000,000.00 USD
1794 1C Head of '94. MS62 Brown PCGS. S-62,
<B>1794 1C Head of '94. MS62 Brown PCGS. S-62, B-54, High R.4.</B></I> <B>Bland MS60; CC-1. Noyes AU55; CC-1. Photo #20869. Our EAC Grade AU55.<BR><BR>Equivalents. </B></I>Maris 42 (Trephined Head); Frossard 29; Doughty 62; Hays 49; McGirk 6-G; Ross 30-Z; Chapman 51; EAC 52; <I>Encyclopedia </B></I>1668; PCGS #901374.<BR><B><BR>Variety. </B></I>The lowest lock is heavy and short. Inside berry left of ONE droops down. The obverse appears on S-62. The reverse appears on S-61 and S-62. Lettered Edge, leaf points up.<BR><B><BR>Surfaces. </B></I>A perfect candidate for AU58 if we were using that grade. A remarkable coin with light brown surfaces and splashes of lighter tan and darker brown. A few minor planchet marks can be seen on each side, remaining from the original planchet prior to striking. A couple of insignificant marks are visible on Liberty's cheek. A long vertical line of lamination from the border right of Y crosses Liberty's face to the upper end of the pole. At first glance, the lamination easily resembles a die crack.<BR><BR><B>Die State II.</B></I> The obverse has a heavy rim break at 8 o'clock to 9 o'clock, typical of most known examples. Walter Breen estimates that 80% of the known examples have this rim break; we believe it is closer to 90%. Close inspection reveals faint traces of border dentils on the top surface of the rim break! We believe this feature has gone unnoticed in the past.<BR><BR><B>Appearances. </B></I>The obverse is illustrated in Noyes (1991). The obverse and reverse are illustrated in Noyes (2006).<BR><BR><B>Census. </B></I>The finest known S-62 by a large margin. Second finest grades just VF35 per Noyes, or XF40 per Bland. Sheldon was unaware of this specimen, even though it was known long before his references were published.<BR><BR><B>Commentary. </B></I>Like a number of pieces in the Husak Collection, this S-62 cent has been known for nearly 100 years but has never before been available for public competition in a coin auction. It has only had seven owners since John Work Garrett acquired the coin in the early 20th century.<BR><BR><B>Provenance. </B></I><I>John Work Garrett; Johns Hopkins University (privately, 3/1973); John W. Adams (11/1974); R.E. Naftzger, Jr. (2/1992); Eric Streiner (4/1992); Dr. Allen Bennett.</B></I><BR><BR><B>Personality. John Work Garrett</B></I> was born May 19, 1872, and died June 26, 1942. Like his brother, he graduated from Princeton in 1895. He worked in the diplomatic service until his retirement in 1933. He donated his coin collection to Johns Hopkins University where it remained until being deaccessioned and sold at public auction in a series of four sales from 1979 to 1981, held by Bowers and Ruddy Galleries.<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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