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

2089

1796 1C Liberty Cap. XF45 PCGS. S-88, B-9, R.4

Currency:USD Category:Coins & Paper Money / US Coins Start Price:9,750.00 USD Estimated At:1.00 - 1,000,000.00 USD
1796 1C Liberty Cap. XF45 PCGS. S-88, B-9, R.4
<B>1796 1C Liberty Cap. XF45 PCGS. S-88, B-9, R.4.</B></I> <B>Bland VF20; tied for CC-7. Noyes VF25; tied for CC-2. Photo #25038. Our EAC Grade VF25.<BR><BR>Equivalents.</B></I> Proskey 8; Doughty 78; Gilbert H; McGirk 3C; Ross 5E; Clapp-Newcomb H; EAC 9; <I>Encyclopedia</B></I> 1682; PCGS #1392.<BR><B><BR>Variety. </B></I>Club pole nearly touches border, narrow at neck. Paired berries left and right of CENT. The obverse appears on S-88. The reverse appears on S-87, S-88, and S-89. Plain Edge.<BR><B><BR>Surfaces. </B></I>The surfaces are attractive dark chocolate-brown intermingled with lighter tan. A small corrosion spot is visible just behind the cap. Some tiny planchet marks are visible in the fields, especially on the reverse. Traces of an old fingerprint are noted along Liberty's profile.<BR><B><BR>Die State I. </B></I>Perfect dies.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> Just a few grade points make an important difference in the census rank. Bland grades this piece VF20 and tied for seventh finest, while Noyes grades it VF25, tied for second finest.<BR><B><BR>Commentary.</B></I> Walter Breen estimated about 6,000 examples of this variety were struck, based on his study of rarity ratings for the series. We sometimes mention the "mintage figures" that Walter Breen established for various varieties in his <I>Large Cent Encyclopedia</B></I>, although in most cases this information is not accepted as fact.<BR><BR>The rarity of this variety has dropped substantially in the last few decades, from a solid R.6 in <I>Early American Cents</B></I> and in <I>Penny Whimsy </B></I>to middle R.4 today.<BR><BR><B>Provenance.</B></I> <I>Maurice Storck; Kagin's (1/1986), lot 4144, $1,430; Wes Rasmussen (Heritage, 1/2005), lot 3100, $9,200.</B></I><BR><BR><B>Personality.</B></I> Along with several other Americans, <B>Maurice Arthur Storck</B></I> attended the King Farouk Sale held in Cairo, Egypt. Others traveling from the United States to attend the sale in Egypt included Gaston DiBello, Sol Kaplan, Abe Kosoff, Ambassador and Mrs. R. Henry Norweb, John J. Pittman, James P. Randall, Robert Schermerhorn, Hans M.F. Schulman, and Paul Wittlin.<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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