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

2105

1796 1C LIHERTY. VF30 PCGS. S-104, B-45, R.3.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C LIHERTY. VF30 PCGS. S-104, B-45, R.3.
<B>1796 1C LIHERTY. VF30 PCGS. S-104, B-45, R.3. </B></I> <B>Noyes VG10; CC-15. Photo #26850. Our EAC Grade Fine 12.<BR><BR>Equivalents.</B></I> Proskey 15; Doughty 85; Gilbert 10; McGirk 9A; Ross 9G; Clapp-Newcomb 9; EAC 45; <I>Encyclopedia</B></I> 1698; PCGS #1413.<BR><B><BR>Variety. </B></I>LIHERTY. Reverse of 1797. Final A joins right ribbon. The obverse appears on S-103 and S-104. The reverse appears on S-104 and 105.<BR><B><BR>Surfaces. </B></I>Lovely olive-brown surfaces with a narrow rim bruise at 10 o'clock on the obverse. Unevenly struck with the lower right obverse and upper right reverse weakly defined, the drapery and OF showing little detail.<BR><BR><B>Die State III.</B></I> The reverse is cracked from the border to the top of the second T in STATES, and faintly to the left top of M.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> Although the S-104 ranks among the most common 1796 Draped Bust varieties, it is unknown better than XF, according to Bland, or VF according to Noyes. Bland grades the two finest pieces XF45, and Noyes grades his best two as just VF35. Two of the top six examples are in the ANS Collection, and another is in the Carnegie Institute. Sheldon graded the finest piece AU50 in both editions of his reference.<BR><BR><B>Commentary.</B></I> The status of S-104 as the "common" LIHERTY means it is the variety that most collectors choose when seeking a single piece to represent the blundered die. At one time, the S-103 combination was considered a much higher rarity, but more of those have been found in recent years.<BR><BR><B>Provenance.</B></I> <I>Jules Reiver (Heritage, 1/2006), lot 19287.</B></I><BR><BR><B>Personality.</B></I> A silversmith by trade, <B>Joseph Richardson</B></I> was appointed assayer of the Mint on December 12, 1795, after the death of Albion Cox. He was a distinguished member of an old Quaker family in Philadelphia who was noted for his ability, character, credit, and honor. He held the office for 35 years until his death in March 1831, and was succeeded by his son, John, who developed a dislike for the post and held the position for only about one year.<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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