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

2100

1796 1C Draped Bust, Reverse of 1795. Fine 12

Currency:USD Category:Coins & Paper Money / US Coins Start Price:11,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1795. Fine 12
<B>1796 1C Draped Bust, Reverse of 1795. Fine 12 PCGS. S-99, B-22, R.5. </B></I> <B>Noyes VG10; tied for CC-6. Photo #26846. Our EAC Grade VG10.<BR><BR>Equivalents.</B></I> Gilbert 38; Clapp-Newcomb 30; EAC 22; <I>Encyclopedia</B></I> 1688; PCGS #1401.<BR><B><BR>Variety. </B></I>B leans right and ERT are widely spaced. Reverse of 1795. Inside triplets left of ONE and CENT. The obverse appears on S-98 and S-99. The reverse appears on S-99 and NC-4.<BR><B><BR>Surfaces. </B></I>Smooth and attractive medium brown surfaces. The obverse has a tiny rim bump at 3 o'clock, and the reverse has a small dent at the lower right curve of the final S. The usual circulation marks are evident in the fields, and microscopic hairlines cross Liberty's face. Aside from these few blemishes the surfaces are exceptionally smooth, and highly unusual in such a state.<BR><BR><B>Die State III.</B></I> This is a splendid late-state example with delightful die cracks in the left obverse, through the field, hair ribbon, and B of LIBERTY. The area above and left of the crack is raised, a massive retained cud.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> Finest known grades just VF35 per Bland, or VF30 per Noyes. Among the top six in Noyes' Census is an example in the ANS Collection, along with another ANS coin that is tied with this piece for sixth and seventh best. <BR><BR><B>Commentary.</B></I> In <I>Early American Cents</B></I>, Sheldon rated the S-99 Rarity-6, although he commented that he knew of just nine or 10 examples. In 1957, he raised the rating to Rarity-7, with quite a number of new specimens found since that time. The variety crossed over to the Rarity-6 level in the early 1960s. In the 1973 "Early Cent Revision," it was called Low Rarity-6, and probably reached Rarity-5 in the 1990s.<BR><BR><B>Provenance.</B></I> <I>James F. Ruddy (10/1969); Jules Reiver (Heritage, 1/2006), lot 19279.</B></I><BR><BR><B>Personality.</B></I> <B>John Cope</B></I> served as an adjuster at the Mint, according to the payroll record of October 10, 1795. On August 31, 1799, he signed a bond of indemnity promising to return to work after the yellow fever risk was over.<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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