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

2075

1795 1C Lettered Edge. XF45 PCGS. S-73, B-1, Low

Currency:USD Category:Coins & Paper Money / US Coins Start Price:10,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1795 1C Lettered Edge. XF45 PCGS. S-73, B-1, Low
<B>1795 1C Lettered Edge. XF45 PCGS. S-73, B-1, Low R.5.</B></I> <B>Bland XF45; CC-1. Noyes VF35; CC-1. Photo #21135. Our EAC Grade VF35.<BR><BR>Equivalents.</B></I> McGirk 2B, 3B, 3C; Clapp-Newcomb 1; EAC 1; <I>Encyclopedia</B></I> 1672; PCGS #1377.<BR><B><BR>Variety. </B></I>Hyphen die chip between R and T. Single leaves at IT and CA. The obverse appears on S-73. The reverse appears on S-73 and S-74. Lettered Edge.<BR><B><BR>Surfaces. </B></I>Deep olive and steel-brown surfaces have minute porosity spread evenly across both sides, retaining a semiglossy appearance. Full borders are present with no other blemishes.<BR><B><BR>Die State III.</B></I> In addition to the die cracks, chips, and bulge mentioned by Breen, the crack through STATES for S-74, Die State V is faintly visible.<BR><B><BR>Appearances.</B></I> The obverse is illustrated in <I>Early American Cents</B></I> and <I>Penny Whimsy</B></I>. The obverse and reverse are illustrated in Noyes (1991 and 2007).<BR><B><BR>Census.</B></I> Del Bland graded this coin XF45 while Bill Noyes and Denis Loring have each assigned a grade of VF35. Of course, the actual grade does not matter in the least. What matters is that this is the single finest known example of the variety, and is fully 15 points finer than the second finest known.<BR><B><BR>Commentary.</B></I> On the back of Ted Naftzger's envelope is the following commentary which originated from William Sheldon: "The only example near Mint State; Hines refused 500 for it from GHC, 1938." GHC is obviously George H. Clapp, who donated his collection to the ANS. The best Clapp could come up with for this variety was a Fine 15.<BR><BR>Credit for discovery of the Hyphen Variety goes to Sylvester S. Crosby, prior to 1883, although later McGirk and Ross each attempted to claim discovery.<BR><B><BR>Provenance.</B></I> <I>Foster Lardner (United States Coin Co., 11/1914), lot 26, $135; Henry C. Hines (1945); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner; Wes Rasmussen (Heritage, 1/2005), lot 3084, $12,650.</B></I><BR><B><BR>Personality.</B></I> <B>Foster Lardner</B></I> was a theater manager who was born in 1873 and died in 1934. United States Coin Company sold portions of his large cent collection in 1914, and B. Max Mehl sold additional selections in 1930.<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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