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

2109

1796 1C Draped Bust, Reverse of 1794. AU55

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,050.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1794. AU55
<B>1796 1C Draped Bust, Reverse of 1794. AU55 Details, Corroded, ANACS. S-108, B-12, R.4.</B></I> <B>Bland VF25; tied for CC-8. Noyes VF20; CC-10. Photo #21328. Our EAC Grade VF25.<BR><BR>Equivalents.</B></I> Proskey 20; Doughty 90; Gilbert 23; McGirk 12G, 12I; Clapp-Newcomb 21; EAC 12; <I>Encyclopedia</B></I> 1684; PCGS #1404.<BR><B><BR>Variety. </B></I>Broad dentils. Date widely spaced. Reverse of 1794. Variable die chips below E of UNITED. The obverse appears on S-108. The reverse appears on S-106, S-107, S-108, S-109, S-110, and S-111.<BR><B><BR>Surfaces.</B></I> This piece has sharp details with light to moderate green and maroon corrosion on each side, yet it retains an acceptable level of eye appeal despite its quality.<BR><B><BR>Die State V.</B></I> The latest recorded die state for the variety. The obverse is cracked from the left border to the lower curls, through 96 and the drapery into the right field, from the end of this crack up to the nose, and from the other end of this crack between 96, up across the shoulder, and into the hair curls. The reverse is lapped with the right branch separated from the ribbon knot.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> The Husak specimen ranks within the top 10 examples, with three finer pieces in the ANS Collection. In fact, the ANS owns three of the top six, according to Bland. That remains unchanged since Sheldon wrote "three of the leading six are ANS coins" in <I>Penny Whimsy</B></I>.<BR><BR><B>Commentary.</B></I> The variety equivalents for Proskey and Doughty are tentative. While Sheldon tucked this variety into the middle of his emission sequence, Walter Breen considered it the first 1796 Draped Bust variety coined. The broad dentils on the obverse are entirely different from those found on any other 1796 obverse die. Only three different reverse dies have similar broad dentils, found on the reverse of S-106 to 111, S-112, and S-101 to 103.<BR><BR><B>Provenance.</B></I> <I>Purchased unattributed (7/1985) by Jack H. Robinson (Superior, 1/1989), lot 196, $1,980; Jack H. Beymer; Anthony Terranova (4/1989); John Whitney (Stack's, 5/1999), lot 1743, $3,737.50; Anthony Terranova; Early American Coppers (2002), lot 208, $1,700; Chris Victor-McCawley.</B></I><BR><BR><B>Personality.</B></I> The <B>EAC Sales</B></I> are held during the annual convention of the Early American Coppers club. During the mid-1970s, the sales were cataloged by Pine Tree Coin Auctions. The 1975 auction is known for its incredible collection of Connecticut coppers. Those were followed by sales cataloged by individual club members, especially Tom Reynolds and Bill Noyes. The current EAC sales are cataloged by McCawley and Grellman.<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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