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

2080

1795 1C Plain Edge. AU53 PCGS. S-77, B-6, R.3

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,250.00 USD Estimated At:1.00 - 1,000,000.00 USD
1795 1C Plain Edge. AU53 PCGS. S-77, B-6, R.3
<B>1795 1C Plain Edge. AU53 PCGS. S-77, B-6, R.3.</B></I> <B>Bland XF40; tied for CC-7. Noyes XF40; tied for CC-7. Photo #31990. Our EAC Grade XF40.<BR><BR>Equivalents.</B></I> Proskey 6; Doughty 69; McGirk 4A, 4B, 4C; Clapp-Newcomb 5; EAC 6; <I>Encyclopedia </B></I>1675; PCGS #1380.<BR><B><BR>Variety. </B></I>Tip of the 5 pierces the bust. Nine leaf triplets, five left and four right. The obverse appears on S-76a, S-76b, S-77, and NC-3. The reverse appears on S-77. Plain Edge.<BR><B><BR>Surfaces. </B></I>Intermingled olive, tan, and darker brown with microscopic roughness on both sides. A few minor contact marks are evident, with additional tiny flaws from the original flan.<BR><B><BR>Die State II.</B></I> An early die state with the obverse heavily lapped. The pole is disconnected and the lower locks are thinned out. No die cracks, clash marks, or bulges are present.<BR><B><BR>Appearances.</B></I> The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> One Mint State piece and five AU coins are known, followed by a few XFs and VFs. Two of the four finest pieces are held by the ANS.<BR><B><BR>Commentary.</B></I> Breen writes in his <I>Large Cent Encyclopedia</B></I> that the reverse die is attributed to Scot, "unlike earlier 1795 reverses." His reasoning is explained later, in the introduction to the 1796 Liberty Cap chapter: "Apparently to make his reverses look different from Gardner's 1795 dies, Scot gave them narrower leaves and dentils." Called Rarity-4 in <I>Early American Cents</B></I> and in <I>Penny Whimsy</B></I>, S-77 is still rated as a scarce variety today. <BR><BR><B>Provenance.</B></I> <I>Thomas P. Warfield (Associated Coin Auction, 10/1955), lot 197, $33; Willard C. Blaisdell; Gordon J. Wrubel; Bowers and Ruddy (RCR 25, Spring 1976); later, Heritage (6/1989), lot 1686, $3,080; Anthony Terranova; Stack's (1991 FPL), lot 12; Stack's (1/1993), lot 1109, $3,300; Anthony Terranova, Thomas D. Reynolds, and Chris Victor-McCawley.</B></I><BR><BR><B>Personality.</B></I> The owner of Mason-Dixon Coin Exchange in Baltimore, <B>Thomas P. Warfield</B></I> also formed an extensive personal collection that was cataloged by Walter Breen and sold by Associated Coin Auctions in October 1955.<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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