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

2106

1796 1C Draped Bust, Reverse of 1797. VF25 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,200.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1797. VF25 PCGS.
<B>1796 1C Draped Bust, Reverse of 1797. VF25 PCGS. S-105, B-44, Low R.5.</B></I> <B>Bland Fine 15; CC-4. Noyes Fine 15; CC-3. Photo #24333. Our EAC Grade Fine 12.<BR><BR>Equivalents.</B></I> Gilbert 16; McGirk 9D, 9G; Ross 15G; Clapp-Newcomb 16; EAC 44; <I>Encyclopedia</B></I> 1697; PCGS #1407.<BR><B><BR>Variety. </B></I>The 6 is repunched with extra curve below. Reverse of 1797. Final A joins right ribbon. The obverse appears on S-105. The reverse appears on S-104 and 105.<BR><B><BR>Surfaces. </B></I>Dark chocolate with some splashes of deeper steel color, the surfaces exhibiting faint verdigris that is somewhat more prominent on the reverse. Two fine scratches cross each other on the bust and through the hair.<BR><B><BR>Die State IV.</B></I> A late die state, called "extremely rare" by Breen, with a heavy die crack through the tops of RTY. Faint clash marks are evident in the fields.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> A single Choice AU example of this die combination is known, followed by several lower-grade circulated pieces. Noyes grades the six finest 55-15-15-15-10-8; Bland grades the six best 60-35-20-15-10-8. By either Census, only two or three finer pieces are known. In fact, this piece is tied for second finest, based on Noyes' grading numbers, but he also ranks them according to surface quality. <BR><BR><B>Commentary.</B></I> Since there is no "official" Condition Census sanctioned by any organization, collectors can choose the Census listing they prefer. It is just the same in the commercial numismatic marketplace, where some collectors prefer NGC and others prefer PCGS.<BR><BR><B>Provenance.</B></I> <I>Christian M. Petersen; Hollinbeck Coin Co. (2/1954), lot 421; Hollinbeck Coin Co. (10/1957), lot 216; Hollinbeck-Kagin Coin Co. (8/1958), lot 36, $860; Leonard W. Stark (Central Coin Mart); Hollinbeck-Kagin Coin Co.; Abe Kosoff (10/1961), lot 121, $600; Hollinbeck-Kagin Coin Co. (8/1964), lot 146, $850; Hollinbeck-Kagin Coin Co. (2/1965), lot 176, $2,150; Hollinbeck-Kagin Coin Co. (5/1972), lot 192, $2,100; Hollinbeck-Kagin Coin Co. (1/1973), lot 255, $860; Kagin's (7/1980), lot 123, $950; Jack H. Beymer; Dr. Robert J. Shalowitz; Dr. C.R. Chambers; Dr. Philip W. Ralls (5/1997); W.M. "Jack" Wadlington; Chris Victor-McCawley.</B></I><BR><BR><B>Personality.</B></I> <B>Christian M. Petersen</B></I> collected middle-date large cents while managing the Petersen Dairy Farm in Chehalis, Washington. Parts of his collection were handled by Hollinbeck Coin Company and the remainder were sold at auction in February 1986.<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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