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

2137

1797 1C Reverse of 1797. AU53 PCGS. S-134, B-4,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,600.00 USD Estimated At:1.00 - 1,000,000.00 USD
1797 1C Reverse of 1797. AU53 PCGS. S-134, B-4,
<B>1797 1C Reverse of 1797. AU53 PCGS. S-134, B-4, R.4.</B></I> <B>Bland XF45; tied for CC-2. Noyes VF35; CC-5. Photo #39083. Our EAC Grade VF35.</B></I><BR><BR><B>Equivalents.</B></I> Proskey 4; Doughty 95; McGirk 3A, 3B; Clapp-Newcomb 17; EAC 4; <I>Encyclopedia</B></I> 1704; PCGS #1422.<BR><BR><B>Variety. </B></I>Die chip near throat. Small fraction distant from ribbons. The obverse appears on S-134. The reverse appears on S-134.<BR><BR><B>Surfaces.</B></I> Glossy olive-brown surfaces with hints of iridescence, and splashes of lighter reddish-tan on the reverse. The surfaces are not perfectly smooth, as usually found, due to some die roughness. A few tiny abrasions and faint scratches are visible upon close examination, but of little overall consequence. In 1973, the New Netherlands cataloger wrote: "this coin now coated with wax and might have been burnished many years ago. Reddish brown color and a much sharper obv. There are a few chips and a small punch mark near the lowest curl of Liberty. Obv. broad milled borders left, weakened at the right [sic]; rev., not as well defined." The obverse border is actually broad at the right, weakened at the left. Beaded Edge.<BR><BR><B>Die State IV.</B></I> A late die state with two die cracks from the rim to E of AMERICA, the area between these cracks slightly raised to form a retained cud. Other faint cracks and die bulges are visible.<BR><BR><B>Appearances.</B></I> The reverse is illustrated in <I>Early American Cents</B></I>, in <I>Penny Whimsy</B></I>, and in Noyes (2007).<BR><BR><B>Census.</B></I> This coin and the Downing specimen are tied for second finest known behind the Kuntz Collection specimen. <BR><BR><B>Commentary.</B></I> Breen recorded two different edge types for this variety, either Beaded or Plain.<BR><BR><B>Provenance.</B></I> <I>Dr. George P. French (B. Max Mehl, 1929 FPL), lot 153; Henry A. Sternberg (8/1930); T. James Clarke (1944); B. Max Mehl (6/1945), lot 1662, $42.50; Sheraton Coin Co. (1945); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (New Netherlands, 11/1973), lot 450, $300; Melvin L. Robinson; William Peterson (Cincinnati Coin Exchange); Early American Coppers (2001), lot 211.</B></I><BR><BR><B>Personality.</B></I> Ernest Henderson and Robert Moore (the former appearing at S-167) were partners in the <B>Sheraton Coin Company</B></I>. Their fixed price list and auction consignments of 1947, while notable, were largely unsuccessful; the partners soon sold the firm to their salesman, Harold Whiteneck.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot