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

2088

1796 1C Liberty Cap. AU58 Details, Cleaned,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Liberty Cap. AU58 Details, Cleaned,
<B>1796 1C Liberty Cap. AU58 Details, Cleaned, ANACS. S-87, B-8, R.3.</B></I> <B>Bland AU50; tied for CC-2. Noyes XF45; CC-5. Photo #34471. Our EAC Grade AU50.<BR><BR>Equivalents.</B></I> Proskey 6; Doughty 77; Gilbert C; McGirk 3A; Ross 2E; Clapp-Newcomb C; EAC 8; <I>Encyclopedia</B></I> 1681; PCGS #1392.<BR><B><BR>Variety. </B></I>Date slants down to right, 6 far from bust. Paired berries left and right of CENT. The obverse appears on S-84, S-85, S-86, and S-87. The reverse appears on S-87, S-88, and S-89. Plain Edge.<BR><B><BR>Surfaces.</B></I> Recolored medium olive and dark brown, yet with excellent luster on both sides. A faint trace of lighter tan color adds to the eye appeal. The reverse has a moderate discoloration spot above the final S. Both sides are sharply struck, unusually so on the reverse.<BR><B><BR>Die State IV.</B></I> The obverse has an arcing die crack from the right top of the 7 through the bust and pole to the border at 5 o'clock. Both sides have heavy die rust or scaling, and the reverse has several sets of clash marks inside the wreath.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><BR><B>Census.</B></I> According to Bland, finest known is a single MS60, followed by four coins that grade AU50. From that level, the census drops quickly through the XF grades into the VF level.<BR><BR><B>Commentary.</B></I> Sheldon-87 is the most plentiful 1796 Liberty Cap variety. It is listed in the emission sequence ahead of S-88, although late die states were coined after S-88 and S-89.<BR><BR><B>Provenance.</B></I> <I>W.H. Spedding (Chapman Brothers, 12/1894), lot 792, $71; George H. Earle, Jr. (Henry Chapman, 6/1912), lot 3398, $57.50; Carl Wurtzbach; R.T. Davis; Stack's (2/1968), lot 15, $850; John L. Roper, 2nd; Stack's (12/1983), lot 339, $4,125; John Whitney (Stack's, 5/1999), lot 1716, $13,225; Anthony Terranova.</B></I><BR><BR><B>Personality.</B></I> A collector who was born September 18, 1902, in Norfolk, Virginia, and died in April 1983, <B>John L. Roper, 2nd</B></I> was educated at Princeton. Beginning in 1925 he was employed with the Roper family firm, Norfolk Shipbuilding and Drydock Corporation. Roper volunteered for the Navy at the start of World War II, and the Navy felt they would be best served by having him remain in Norfolk, where he served as superintendent of naval work. He was general manager of the business from 1956 until his retirement in 1973. His numismatic interests were centered around colonial and early American coins. His collection was sold by Stack's in 1983.<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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