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

2123

1797 1C Reverse of 1795, Plain Edge. Good 6

Currency:USD Category:Coins & Paper Money / US Coins Start Price:4,875.00 USD Estimated At:1.00 - 1,000,000.00 USD
1797 1C Reverse of 1795, Plain Edge. Good 6
<B>1797 1C Reverse of 1795, Plain Edge. Good 6 PCGS. S-121a, B-3a, High R.6.</B></I> <B>Bland Good 5; tied for CC-3. Noyes Good 5; CC-1. Photo #23306. Our EAC Grade Good 4.<BR><BR>Equivalents.</B></I> EAC 3a; <I>Encyclopedia</B></I> 1703; PCGS #1419.<BR><B><BR>Variety. </B></I>Close date. Reverse of 1795. The obverse appears on S-121a and S-121b. The reverse appears on 1796 S-90, 1797 S-120, S-121, and NC-1. Plain Edge.<BR><B><BR>Surfaces. </B></I>This example has a 28.9-mm diameter and weighs 163.6 grains. It is far above-average for the grade, with splendid surfaces and lovely light brown color. The obverse has all major details visible, while the reverse has considerable peripheral weakness.<BR><B><BR>Die State V.</B></I> A late die state that is cracked through ERT, with a bulge in the left obverse field.<BR><B><BR>Appearances.</B></I> The obverse and reverse are illustrated in Noyes (1991 and 2007).<BR><B><BR>Census.</B></I> Bill Noyes considers this piece the finest of those that he feels are genuine Plain Edge cents, per the following commentary. One or two finer pieces are now considered by Noyes to be altered examples of S-121b.<BR><B><BR>Commentary.</B></I> This subvariety was once controversial; however, today it is absolutely legitimate and important. Several prominent copper specialists of the 1940s, including Clapp, Newcomb, Hines, and others, felt that the few known examples failed to provide evidence of a true subvariety. Sheldon even felt that some of those coins had their edges turned down on a lathe, or that others were mint errors, much like the 1794 cents without edge lettering. Today, we have the evidence to label these a true subvariety. These are called by some "Beaded Edge" coins and show raised pellets, some nearly round and others elongated, on the edge, providing proof that they were neither turned down on a lathe nor that they are mint errors.<BR><B><BR>Provenance.</B></I> <I>Purchased unattributed by Jan Edeburn in Montgomery, Alabama (9/1989); Early American Coppers (4/1990), lot 40, $3,800; Wes Rasmussen (Heritage, 1/2005), lot 3140, $5,060.</B></I><BR><B><BR>Personality. Jan Edeburn</B></I> was born in Ohio in 1938 and moved with his family to Miami, Florida, seven years later. His interest in coins began during the late 1940s, although the numismatic bug did not become a disease until 1963. Edeburn joined the Air Force in 1958 and was trained as an avionics technician. While serving in England, he advertised to buy large cents. In <I>Penny-Wise</B></I>, he reported buying several nice pieces, including a VF 1794 S-26 for $30.<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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