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2126

1797 1C Reverse of 1797. MS60 Details,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,300.00 USD Estimated At:1.00 - 1,000,000.00 USD
1797 1C Reverse of 1797. MS60 Details,
<B>1797 1C Reverse of 1797. MS60 Details, Scratched, ANACS. S-123, B-12, R.4. </B></I> <B>Noyes MS60. Photo #59262. Our EAC Grade XF45.<BR><BR>Equivalents.</B></I> Proskey 15; Doughty 106; McGirk 14A; Clapp-Newcomb 6; EAC 12; <I>Encyclopedia</B></I> 1719; PCGS #1422.<BR><B><BR>Variety. </B></I>Extremely close date. Six berries in each branch, final 0 high. The obverse appears on S-122, S-123, NC-2, and NC-3. The reverse appears on 1796 S-119 and 1797 S-123.<BR><B><BR>Surfaces.</B></I> Faint hairlines cross Liberty's cheek and neck. Otherwise, it is virtually Mint State with only a hint of wear on the devices. The light brown and iridescent surfaces are essentially prooflike.<BR><BR><B>Die State III.</B></I> A tiny rim break joins two dentils above the first A in STATES. This die state is earlier than 1796 S-119, which shares the reverse die.<BR><BR><B>Census.</B></I> At least 10 examples of this variety are known in Mint State, and many more just miss that level, usually with full Mint State sharpness and minor deductions for slight imperfections, such as this coin. We believe Noyes should take another look at this coin and consider reducing the grade for the minor deductions.<BR><BR><B>Commentary.</B></I> This is the second of three varieties attributed to the Nichols Find, said to be pedigreed directly to Benjamin Goodhue, who, tradition tells us, acquired the coins from the Mint in December 1797. If Goodhue did acquire these coins at the Mint, the three varieties were probably produced at about the same time. In fact, both 1796 S-119 and 1797 S-123 were coined from the same reverse die, the 1797 marriage interrupted by S-119. Breen considers S-135 to be the first of the three Nichols Find cents.<BR><BR><B>Provenance.</B></I> <I>Superior (1/1993), lot 56.</B></I><BR><BR><B>Personality.</B></I> A senator from Massachusetts, <B>Benjamin Goodhue</B></I> was born in Salem, September 20, 1748, and died there on July 28, 1814. A Harvard graduate in 1766, his political career began in the state House of Representatives in 1780. He served as a Massachusetts representative to Congress from 1789 until 1796, and as a senator from 1796 to 1800. <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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