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

2066

1794 1C Missing Fraction Bar. MS65 Brown PCGS.

Currency:USD Category:Coins & Paper Money Start Price:40,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1794 1C Missing Fraction Bar. MS65 Brown PCGS.
<B>1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5.</B></I> <B>Bland MS67; CC-1. Noyes MS62; CC-1. Photo #21405. Our EAC Grade MS60+.<BR><BR>Equivalents. </B></I>Maris 33; Frossard 19.2; Doughty 53; Hays 46; McGirk 6-F; Ross 28-FF; Chapman 48; EAC 53; <I>Encyclopedia </B></I>1666; PCGS #911374.<BR><B><BR>Variety. </B></I>Shielded Hair, the left border is deep. Missing Fraction Bar. The obverse appears on S-64, S-65, and NC-6. The reverse appears on S-64. Lettered Edge, leaf points up.<BR><B><BR>Surfaces. </B></I>Attractive medium brown color with hints of blue, retaining traces of faded mint red on each side. The surfaces are prooflike. This lovely piece is sharply struck and well centered, a stunning example.<BR><B><BR>Die State I. </B></I>An early die state with a perfect reverse, before a die crack developed through the D of UNITED. Walter Breen suggested the possibility of an even earlier die state, before the reverse die was lapped. His hypothetical early die state would still have the fraction bar, and "might be taken for a new die."<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Chapman, <I>Early American Cents, Penny Whimsy</B></I>, Breen's <I>Complete Encyclopedia, </B></I>and Noyes (1991 and 2006).<BR><BR><B>Census. </B></I>Both Del Bland and Bill Noyes consider this piece to be the finest known example of S-64, although they differ in their individual grade assessment. One other piece may or may not grade Mint State, with a few examples known in the AU grade range.<BR><BR><B>Commentary. </B></I>The S-64 is a distinct "major variety" that is listed in the <I>Guide Book</B></I>, and it remains quite scarce with only about 60 to 70 examples known in all grades.<BR><BR>Dr. Maris did not have a distinct name for this variety, and in his first (1869) edition, he made no mention of the missing fraction bar, although he did describe this feature in his second (1870) edition.<BR><BR><B>Provenance. </B></I><I>John G. Mills (Chapman Brothers, 4/1904), lot 1243, $36; George H. Earle, Jr. (Henry Chapman, 6/1912), lot 3386, $65; Clarence Bement (Henry Chapman, 5/1916), lot 296, $116; Howard R. Newcomb (J.C. Morgenthau, 2/1945), lot 61, $140; Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (8/1992); Dr. Allen Bennett (2001).</B></I><BR><BR><B>Personality. John G. Mills</B></I> was a resident of Albany, New York, who formed an impressive numismatic cabinet that included 160 large cents. The Chapman brothers sold his collection in April 1904.<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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