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

2114

1796 1C Draped Bust, Reverse of 1797. AU50

Currency:USD Category:Coins & Paper Money / US Coins Start Price:9,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1797. AU50
<B>1796 1C Draped Bust, Reverse of 1797. AU50 Details, Corroded, ANACS. S-113, B-41, R.5.</B></I> <B>Bland VF30; tied for CC-3. Noyes VF20; CC-5. Photo #20696. Our EAC Grade VF20.<BR><BR>Equivalents.</B></I> Proskey 13; Doughty 83; Gilbert 11; McGirk 9B; Ross 10H; Clapp-Newcomb 10; EAC 41; <I>Encyclopedia</B></I> 1696; PCGS #1407.<BR><B><BR>Variety. </B></I>Date widely spaced with 6 close to drapery and border. Reverse of 1797. Fraction bar only over 00. 1 is far left. The obverse appears on S-113. The reverse appears on S-113, S-114, and S-115.<BR><B><BR>Surfaces.</B></I> The surfaces have intermingled medium olive and dark steel color with minor porosity on each side, only apparent with close inspection. An almost imperceptible scratch is evident on Liberty's neck, and a few others between D and S.<BR><BR><B>Die State IV.</B></I> Die State IV or possibly State V, with a heavy die crack through the date, suggestions of die failure below the 7, and clashed dentils above A in STATES, but without evidence of weakness at that letter.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> The top five examples all fall in the VF grade range, per Noyes, with two finer examples in the ANS. Bland says this piece is tied for fourth finest, with a similar piece and a finer coin in the ANS. In essence, this is the second or third finest example available to collectors.<BR><BR><B>Commentary.</B></I> In <I>Penny Whimsy</B></I>, Sheldon alluded to the difference between the Condition Census and the available Census: "Upper range of R-6, and the condition census is in this instance a bit misleading, since four of these six finest coins are impounded in ANS." Due to Census changes over the years, today only two ANS coins remain in the top six.<BR><BR><B>Provenance.</B></I> <I>George L. Davis (Stack's, 4/1954), lot 1594, $250; Dorothy Paschal; Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (12/1993); John Whitney (Stack's, 5/1999), lot 1749, $5,937.50.</B></I><BR><BR><B>Personality.</B></I> <B>George L. Davis</B></I> was a 19th century collector who was born in Lawrence, Massachusetts, in 1828 and died in 1890. His collection was placed in storage in North Andover, Massachusetts, upon his death, and remained out of sight for more than 60 years until the vault was opened in October 1953. The Davis Collection was acquired by Stack's, and sold at auction in the April 1954 Davis-Graves Sale.<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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