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

2103

1796 1C Draped Bust, Reverse of 1794. AU50 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:8,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1794. AU50 PCGS.
<B>1796 1C Draped Bust, Reverse of 1794. AU50 PCGS. S-102, B-26, R.4.</B></I> <B>Bland VF30; tied for CC-5. Noyes VF25; tied for CC-5. Photo #27565. Our EAC Grade VF30.<BR><BR>Equivalents.</B></I> Gilbert 7; McGirk 11A, 11A2, 12K; Ross 7F; Clapp-Newcomb 7; EAC 26; <I>Encyclopedia</B></I> 1685; PCGS #1404.<BR><B><BR>Variety. </B></I>Small die chips between 79 and drapery. Reverse of 1794. Double leaf at OF. The obverse appears on S-102. The reverse appears on S-101, S-102, and S-103.<BR><B><BR>Surfaces. </B></I>Medium olive and tan with a few tiny rim bumps, mostly at the left obverse. The surfaces are moderately abraded, in this instance with a combination of original flan marks and later handling marks. A small, roughened scrape appears along the upper edge of the bust. Traces of doubling are visible on the profile.<BR><B><BR>Die State I. </B></I>Perfect obverse die with a reverse crack through AMERIC. In <I>Early American Cents</B></I> and in <I>Penny Whimsy</B></I>, Sheldon claimed that this variety was known with a perfect reverse die, which would have altered the emission sequence, interrupting the previous marriage of S-101.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> This piece is tied with the Whitney coin for fifth finest known in Noyes' Census. Del Bland feels the Whitney coin is tied for finest known, and that this example is tied for fifth finest with an example in the Charles Harrison Collection. In <I>Early American Cents</B></I>, Sheldon claimed that an MS60 example was known, but the finest he recorded in <I>Penny Whimsy</B></I> was just XF45.<BR><BR><B>Commentary.</B></I> Breen commented that several are known with a double profile and specifically mentioned this piece, along with the French, Brown, and Downing coins.<BR><BR><B>Provenance.</B></I> <I>Homer K. Downing (privately); Raymond Gallo (10/1960); R.E. Naftzger, Jr.; Robert Gildred; Kagin's (10/1983), lot 1023, $935; Jack H. Robinson (Superior, 1/1989), lot 184, $5,280; John R. Frankenfield (Superior, 2001), lot 320, $8,050.</B></I><BR><BR><B>Personality.</B></I> <B>Lawrence Ford</B></I> was employed as an adjuster, according to the October 10, 1795, Mint payroll. In 1790 a Lawrence Ford was listed in the Federal Census at a residence on the east side of Water Street.<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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