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

2101

1796 1C Draped Bust, Reverse of 1797. VF30 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:8,750.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1797. VF30 PCGS.
<B>1796 1C Draped Bust, Reverse of 1797. VF30 PCGS. S-100, B-24, R.5.</B></I> <B>Bland VF25; tied for CC-5. Noyes Fine 15; CC-6. Photo #25098. Our EAC Grade Fine 15.</B></I><BR><BR><B>Equivalents.</B></I> Gilbert 20; McGirk 8B; Clapp-Newcomb 20; EAC 24; <I>Encyclopedia</B></I> 1692; PCGS #1407.<BR><BR><B>Variety. </B></I>Digit 1 is crowded between curl and 7. 96 distant. Reverse of 1797. Small fraction, berry below left upright of M. The obverse appears on S-100, S-101, and NC-4. The reverse appears on S-100.<BR><BR><B>Surfaces. </B></I>While noticeably sharper than the EAC grade, the surfaces are slightly porous. The deep brown patina seen over most of each side displays little variation in hue over the highpoints, and there are no noticeable marks on either side.<BR><BR><B>Die State I. </B></I>There is no immediate evidence of cracks or clash marks, although it may be State II with faint clash marks near the throat.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> Bland rates this piece tied for fifth finest, but it is by itself as fifth finest in collectors hands. The piece it is tied with is part of the ANS Collection.<BR><BR><B>Commentary.</B></I> Noyes describes the surfaces of this example as "average minus." Analyzing the variety numerically, with "scudzy" earning one point, "average" earning three points, and "choice" earning five points, the average quality of the 18 top pieces listed by Noyes is just 2.56. In other words, this example is very nearly average for the variety, despite the 15-point deduction that Noyes makes for surface quality.<BR><BR><B>Provenance.</B></I> <I>Henry C. Hines; Clayton Wallace (Stack's, 12/1963), lot 476, $250; Frank H. Masters, Jr. (RARCOA, 5/1971), lot 95, $260; Jackson C. Storm (8/1984); Robert Matthews (Superior, 5/1989), lot 240, $6,050; Evan Kopald; Dennis Mendelson (7/1991); Robinson S. Brown, Jr. (Superior, 1/1996), lot 140, $5,500; Wes Rasmussen (Heritage, 1/2005), lot 3116, $9,775.</B></I><BR><BR><B>Personality.</B></I> <B>Jackson C. Storm</B></I> was an avid large cent collector who sold his early date cents to Robert Matthews through Denis Loring. His middle and late date cents were sold to Roy Rauch who consigned them to McIntire Numismatic Auctions for sale in June 1988.<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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