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

2087

1796 1C Liberty Cap. AU50 Details, Corroded,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,300.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Liberty Cap. AU50 Details, Corroded,
<B>1796 1C Liberty Cap. AU50 Details, Corroded, Cleaned, ANACS. S-86, B-7, R.5.</B></I> <B>Bland VF25; CC-5. Noyes VF20; tied for CC-5. Photo #25050. Our EAC Grade VF20.<BR><BR>Equivalents.</B></I> Proskey 5; Doughty 76; Gilbert L; McGirk 1B; Clapp-Newcomb K; EAC 7; <I>Encyclopedia</B></I> 1681; PCGS #1392.<BR><B><BR>Variety. </B></I>Date slants down to right, 6 far from bust. Short leaf nearly touches right base of E in UNITED. The obverse appears on S-84, S-85, S-86, and S-87. The reverse appears on S-86. Plain Edge.<BR><B><BR>Surfaces.</B></I> Hard surfaces, but with some old corrosion on each side of this tan and light blue cent, with a few other typical imperfections that are associated with the grade. It has been cleaned and recolored, but nicely so.<BR><B><BR>Die State II.</B></I> Tiny die chips are evident in the field near Liberty's nose and mouth. The obverse die has been ground down, with shallow details of Liberty's profile open or missing.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> Despite the lower VF grade, this piece retains a position within the top six examples of the variety known today. An AU50, an XF40 in the ANS, and two VF35 coins are the only better ones listed in Bland's Census.<BR><BR><B>Commentary.</B></I> The reverse is a tad weaker than the obverse, with a few ghost leaves that are nearly lapped away, especially in the right branch.<BR><BR><B>Provenance.</B></I> <I>Henry C. Hines; Dr. William H. Sheldon; T. James Clarke; later, Federal Coin Exchange (10/1955), lot 1160, $155; Dorothy Paschal; Myles Z. Gerson; Jack Beymer; Dr. Robert J. Shalowitz; Dr. C.R. Chambers (10/1989); Dennis Mendelson (7/1991); Robinson S. Brown, Jr. (Superior, 1/1996), lot 121, $2,860.</B></I><BR><BR><B>Personality.</B></I> A Chicago businessman, <B>Myles Zachary Gerson</B></I> was born on August 15, 1925, and died in May 1986. In March 1944, he enlisted in the Army and served for the duration of World War II. At that time, he was a resident of Queens, New York. Years later, Gerson was listed in several editions of <I>Who's Who in Finance and Industry, Who's Who in the Midwest, </B></I>and<I> Who's Who in the World. </B></I>His impressive collection of early and middle-date large cents was sold privately.<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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