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

2117

1796 1C Draped Bust, Reverse of 1795. VF20 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,600.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1795. VF20 PCGS.
<B>1796 1C Draped Bust, Reverse of 1795. VF20 PCGS. S-116, B-36, Low R.5.</B></I> <B>Bland Fine 12; tied for CC-10. Noyes VG10; tied for CC-8. Photo #59259. Our EAC Grade VG10.<BR><BR>Equivalents.</B></I> Gilbert 19, 27, 37; McGirk 7C, 7D; Clapp-Newcomb 19; EAC 36; <I>Encyclopedia</B></I> 1689; PCGS #1401.<BR><B><BR>Variety. </B></I>96 close with 6 high and leaning left. Reverse of 1795. Triplet right of ONE. The obverse appears on S-115 and S-116. The reverse appears on S-116.<BR><B><BR>Surfaces. </B></I>Olive and medium brown are blended on both sides, with smooth and attractive surfaces. Both sides have minor scrapes, hairlines, and abrasions, with light scratches inside the wreath.<BR><B><BR>Die State II.</B></I> Faint obverse clash marks in the usual location.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> The two finest examples, both in the XF grade level, include one in the ANS. The roster of top-grade pieces drops dramatically from there, according to Noyes, with two VF coins and three Fines rounding out the top six in collectors' hands. Although lower grade, this example is not far from the classic Census.<BR><BR><B>Commentary.</B></I> In the <I>Large Cent Encyclopedia,</B></I> Breen presented an emission sequence of S-116, followed some time later by S-113, 114, and 115, noting that S-115 was from the same obverse die and struck in late 1797. In <I>Penny Whimsy</B></I>, Sheldon commented about the emission sequence: "Always found perfect, except for ‘suction marks,' or traces of injury to the die. The later coins of [S-115] were certainly struck after the [S-116] coins, but some of the [S-115] coins were apparently struck earlier, for there are examples of this die that do not show either die breaks or ‘suction marks.' This seems to be another case of separating and later reuniting a pair of dies, while a second marriage is meanwhile consummated by one of the dies." Today, the ‘suction marks' are called clash marks.<BR><BR><B>Provenance.</B></I> <I>Ray Kelly; John D. Wright; Early American Coppers (2003), lot 347, $2,860.</B></I><BR><BR><B>Personality.</B></I> A charter member of EAC, <B>Darwin B. Palmer, Jr.</B></I> is retired from the Army, where he achieved the rank of lieutenant colonel as a medical entomologist. He has owned or handled many of the most important early date large cents, including his favorite issues, the 1794 Head of '93 cents.<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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