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

2119

1796 1C Draped Bust, Reverse of 1797. XF45

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,050.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Draped Bust, Reverse of 1797. XF45
<B>1796 1C Draped Bust, Reverse of 1797. XF45 Details, Corroded, Cleaned, ANACS. S-118, B-39, High R.5.</B></I> <B>Bland VG10; tied for CC-6. Noyes VG8; CC-7. Photo #38176. Our EAC Grade VG10.<BR><BR>Equivalents.</B></I> Clapp-Newcomb 14; EAC 39; <I>Encyclopedia</B></I> 1699; PCGS #1407.<BR><B><BR>Variety. </B></I>Close date with 6 buried in the drapery. Reverse of 1797. Berry below upright of D. The obverse appears on S-118, S-119, and NC-6. The reverse appears on S-118.<BR><B><BR>Surfaces.</B></I> Dark olive with some reddish-brown patina on the reverse. A few splashes of deeper color are evident on both sides, with minor surface roughness. Sharpness is quite a bit finer than the net grade.<BR><B><BR>Die State II.</B></I> A narrow reverse rim break is confined to the dentils at about 6:30.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> At the low end of the traditional Condition Census, which is topped by an XF45 coin in the ANS Collection. Only three or four others grade Fine or better. The finest known ANS coin was graded MS60 in <I>Early American Cents</B></I> and AU55 in <I>Penny Whimsy</B></I>. Five of the top six examples in Bland's Census were known when <I>Penny Whimsy</B></I> was published, including the best four coins. This coin is likely the VG10 listed in <I>Penny Whimsy</B></I>.<BR><B><BR>Commentary.</B></I> Called Rarity-7 in both <I>Early American Cents</B></I> and in <I>Penny Whimsy</B></I>, Sheldon wrote that only 10 examples were accounted for in the latter reference, also commenting that he had only seen six pieces. Today, 30 to 40 pieces are known, although most of the new ones seem to be lower-grade.<BR><BR><B>Provenance.</B></I> <I>Henry C. Hines; William Rabin; Dr. Charles L. Ruby, Part I (Superior, 2/1974), lot 459, $225; Charles A. Blood; Early American Coppers (1999), lot 186, $850; Chris Victor-McCawley; Dr. Wallace Lee (Superior, 5/2003), lot 414, $2,185.</B></I><BR><BR><B>Personality.</B></I> Maine resident <B>Charles A. Blood</B></I> became charter member #48 in EAC in 1967, and is an active numismatist to the present day. Blood appeared in a late 1987 retrospective in <I>Penny-Wise</B></I> that feted the 20 charter members still in the club two decades after its inception.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot