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

2086

1796 1C Liberty Cap. MS62 Brown PCGS. S-85, B-6,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:4,750.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Liberty Cap. MS62 Brown PCGS. S-85, B-6,
<B>1796 1C Liberty Cap. MS62 Brown PCGS. S-85, B-6, Low R.5.</B></I> <B>Bland AU50; CC-1. Noyes XF45; CC-1. Photo #20046. Our EAC Grade XF45.<BR><BR>Equivalents.</B></I> Proskey 4; Doughty 75; Gilbert G; McGirk 3B; Ross 2D; Clapp-Newcomb G; EAC 6; <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 upright of E in UNITED. The obverse appears on S-84, S-85, S-86, and S-87. The reverse appears on S-85. Plain Edge.<BR><B><BR>Surfaces. </B></I>Lovely olive-brown with hints of faded red and substantial frosty luster on both sides of this smooth cent. Both sides have minor surface marks, primarily from the flan, and the reverse has a thin hairline scratch. The planchet marks were described as "microgranularity" in the Whitney catalog.<BR><BR><B>Die State II.</B></I> The reverse is heavily lapped, with considerably fragmented details.<BR><BR><B>Appearances.</B></I> The obverse and reverse are illustrated in Gilbert-Elder and Noyes (1991 and 2007).<BR><BR><B>Census.</B></I> Clearly the finest known example of the variety; Bland grades the next best below XF40.<BR><BR><B>Commentary.</B></I> Sheldon rated the S-85 an R.6 variety in <I>Penny Whimsy</B></I>, and described it as: "One of the famous rarities and almost prohibitively scarce above Fine."<BR><BR><B>Provenance.</B></I> <I>Ebenezer Gilbert (Thomas Elder, 7/1909), lot 695, $41; H.O. Granberg; William H. Woodin (United States Coin Co., 5/1915), lot 166, $32; Dr. George P. French (B. Max Mehl, 1929 FPL), lot 102, $250; T. James Clarke (1944); B. Max Mehl (1948); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (5/1992); John Whitney (Stack's, 5/1999), lot 1713, $25,300.</B></I><BR><BR><B>Personality.</B></I> <B>William Hartman Woodin,</B></I> who was born on May 27, 1868, at Berwick, Pennsylvania, was a graduate of the Columbia University School of Mines. He served as general superintendent of the Jackson and Woodin Manufacturing Company, which built railroad cars and equipment. He later served as president of the American Car and Foundry Company and the American Locomotive Company. He served as secretary of the Treasury under President Franklin Roosevelt from March 5 to December 31, 1933. During this time the president declared a banking holiday and ceased the production of gold coinage. Woodin was a noted collector of pattern coins who once owned the two 1877 half union gold coins that he returned to the Mint in exchange for "several crates" of patterns. Woodin was an exhibitor at the 1914 ANS exhibition, and wrote a reference on pattern coins with Edgar Adams. He died on May 3, 1934, in New York City.<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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