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1794 S-38 R5+ PCGS graded MS63 Brown.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:25,000.00 USD Estimated At:50,000.00 USD
1794 S-38 R5+ PCGS graded MS63 Brown.
1794 S-38 R5+. PCGS graded MS-63 Brown. Noyes Plate Coin. Frosty steel brown and chocolate with underlying lighter brown faded down from mint color showing through in protected areas, especially on the reverse. The surfaces are satiny and the only defects are a pair of faint hairline scratches in the field left of the lower part of the cap. The reverse could easily pass as fully mint state, but there are traces of very light friction on the highest points of the hair design. E-MDS, Breen state II. The chips in the field left of the hair are bold and many of the fine die lines remain clearly visible on the obverse. (Note: The sequence of die states for this variety as described by Walter Breen may be reversed. Breen says the early state, his state I, has weak chips in the left obverse field, and those chips grow stronger as the die wears to create his state II. Your cataloger believes the chips start out strong and that subsequent die wear and lapping weaken the chips. Therefore, Breen would call this example with strong chips a later die state for the variety rather than E-MDS as I have done here.) Regardless, there should be no disagreement that this cent is a fantastic example of a rare variety offering outstanding eye appeal. Called MS60 net AU55 and finest known in the Noyes census list, his photo #21540. Bland says AU55 as well but tied for CC#1 with the ANS example (which Noyes says is only EF45). These two are followed by a single VF35 and one VF25. Our grade is AU55. PCGS Population 1; The only one graded at PCGS for the variety. DWH #3499.
Estimated Value $50,000-UP.
Discovered in England (as were many of our finest early cents)-Lester Merkin-C. Douglas Smith 1965-Alfred Bonard-French’s (privately) 5/67-R. E. Naftzger, Jr., 2/23/92-Eric Streiner-R. E. Naftzger, Jr. 2001-Walter Husak, Heritage 2/15/08:2040-Chris McCawley 3/17/08.

Our item number 142600