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

2140

1797 1C Reverse of 1797. AU53 PCGS. S-137, B-8,

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-137, B-8,
<B>1797 1C Reverse of 1797. AU53 PCGS. S-137, B-8, R.2.</B></I> <B>Bland VF35; tied for CC-10. Noyes VF35; tied for CC-7. Photo #21165. Our EAC Grade VF35.<BR><BR>Equivalents.</B></I> Proskey 10; Doughty 101; McGirk 13A; Clapp-Newcomb 20; EAC 16; <I>Encyclopedia</B></I> 1706; PCGS #1422.<BR><B><BR>Variety. </B></I>Wide date, 97 close and low. First S repunched below. The obverse appears on S-136 and S-137. The reverse appears on S-137.<BR><B><BR>Surfaces.</B></I> Most of the design details are bold, except for considerable weakness at the central obverse. Both sides have light tan color, possibly retoned, with splashes of darker steel and lilac on the obverse and some maroon and green patina on the reverse, the result of minor corrosion on that side. A nicely centered impression with complete obverse border details and bold reverse border details. Beaded Edge.<BR><B><BR>Die State III.</B></I> The reverse is bulged through ICA and cracked from the border to the right ribbon end.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (2007).<BR><B><BR>Census.</B></I> The top four pieces include two AU and two XF coins, followed by a number of VF pieces, including this coin that just misses the traditional census of the six finest.<BR><B><BR>Commentary.</B></I> The Beaded Edge coins are seemingly rarer than those with Plain Edge. Breen only knew of two Beaded Edge pieces, one in Jack Beymer's inventory in 1987, and the other quite low-grade. Although the different edge types have been known for quite some time, they remain relatively ignored today. <BR><BR><B>Provenance.</B></I> <I>Philip E. Beneditti (Pickwick Coin Co.); Hollinbeck-Kagin (2/1963), lot 2170; Hollinbeck-Kagin (8/1964), lot 161; Hollinbeck-Kagin (1/1973), lot 267; Kagin's (9/1980), lot 123; Kagin's (3/1984), lot 1203; 1986 ANA (Kagin's), lot 5158; Dr. Feori Pipito; Superior (9/1987), lot 968.</B></I><BR><BR><B>Personality.</B></I> Along with E.V. Boone, <B>Philip E. Beneditti</B></I> was a driving force behind Pickwick Coin Company. The firm advertised in both <I>The Numismatist</B></I> (beginning in 1962) and <I>Numismatic Scrapbook</B></I>. To quote Q. David Bowers in <I>The American Numismatic Association Centennial History</B></I>, "Pickwick went on to handle many important coin properties, particularly in the field of early American, colonial, and state coins."<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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