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2099

1796 1C Draped Bust, Reverse of 1795. MS63 Brown

Currency:USD Category:Coins & Paper Money / US Coins Start Price:7,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1795. MS63 Brown
<B>1796 1C Draped Bust, Reverse of 1795. MS63 Brown PCGS. S-98, B-21, R.4.</B></I> <B>Bland MS62; CC-2. Noyes MS60; CC-2. Photo #21840. Our EAC Grade MS60.<BR><BR>Equivalents.</B></I> Gilbert 3; McGirk 6A; Ross 3C; Clapp-Newcomb 3; EAC 21; <I>Encyclopedia</B></I> 1688; PCGS #1401.<BR><B><BR>Variety. </B></I>B leans right and ERT are widely spaced. Reverse of 1795. Three outside triplets below UNITED. The obverse appears on S-98 and S-99. The reverse appears on S-97 and 98.<BR><B><BR>Surfaces. </B></I>Remarkable light brown color on both sides, blended with considerable faded mint red, mostly outlining the devices. A dark olive toning spot in the left obverse field is located left of the lower hair curls. Considerable flan roughness is evident as a result of the original planchet before the coin was struck.<BR><B><BR>Die State II.</B></I> A short crack joins the right top of Y to the obverse border.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> Just two examples of S-98 exist in Mint State according to Bland and Noyes. They each record a single finer example, in the ANS Collection. This coin, the only other Mint State S-98 cent known, is the finest example outside of a museum. <BR><B><BR>Commentary.</B></I> The second finest 1796 Draped Bust cent in the Husak Collection, it also ranks as one of the finest known examples of the entire series dated 1796.<BR><B><BR>Historical Note.</B></I> Dorothy Paschal purchased this coin at the Dupont sale on behalf of Stack's, and the coin was given to Dr. Sheldon as thanks for cataloging the sale.<BR><BR><B>Provenance.</B></I> <I>Charles J. Dupont (Stack's, 9/1954), lot 128, $600; Stack's via Dorothy Paschal; Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (5/1992); John Whitney (Stack's, 5/1999), lot 1732, $25,300; Anthony Terranova.</B></I><BR><BR><B>Personality.</B></I> <B>Adam Eckfeldt</B></I> was born in Philadelphia on June 15, 1769 and was trained in mechanical pursuits. He was a tool and implement manufacturer who was hired as a contractor to build certain tools for the first Mint, including a screw press. He also turned and forged early dies for the facility. Eckfeldt was given a permanent position on January 1, 1796, as assistant coiner and served for more than 40 years, the last 25 as chief coiner. Many members of the extended Eckfeldt family followed in his footsteps, serving the Mint into the 20th century. George Evans noted that "his mechanical skill, his zeal, energy, and uprightness brought him many distinctions, both as an officer and a citizen."<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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