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

2138

1797 1C Reverse of 1797. MS62 Brown PCGS. S-135,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,600.00 USD Estimated At:1.00 - 1,000,000.00 USD
1797 1C Reverse of 1797. MS62 Brown PCGS. S-135,
<B>1797 1C Reverse of 1797. MS62 Brown PCGS. S-135, B-5, R.3. </B></I> <B>Noyes AU50; tied for CC-19. Photo #39164. Our EAC Grade AU55.<BR><BR>Equivalents.</B></I> Proskey 9; Doughty 100; McGirk 15A, 15B, 18A; Clapp-Newcomb 18; EAC 13; <I>Encyclopedia</B></I> 1709; PCGS #1422.<BR><B><BR>Variety. </B></I>Medium date, 7 touches drapery, broken B. Six berries in each branch, wide 100. The obverse appears on S-125 and NC-6. The reverse appears on S-135.<BR><B><BR>Surfaces.</B></I> Excellent cartwheel luster with pleasing olive and tan surfaces. The reverse has traces of faded red color, mostly through the legend. The normal blunt strike is evident in the upper obverse and lower reverse details, with some original flan defects showing at those locations. The surfaces are pristine and the fields are faintly reflective. <BR><B><BR>Die State IV.</B></I> The reverse has a faint die bulge at D ST and a single clash mark near ES O.<BR><B><BR>Census.</B></I> A number of Mint State coins are known from the Nichols Find. It is actually rare to find pieces in circulated grades.<BR><B><BR>Commentary.</B></I> Sheldon-135 generally comes nicer than either of the other two Nichols Find coins. Many have original mint red color and prooflike or reflective fields. It is also more plentiful than either S-119 or S-123. In <I>Early American Cents</B></I> and in <I>Penny Whimsy,</B></I> Sheldon discussed the general appearance of the Nichols Find cents: "On these three varieties the planchets have a high polish or ‘prooflike' luster; all show the same finish on the rims; the denticles are deep and heavy; two of the reverses are identical and the third varies only triflingly from them; in all cases the dies had been slightly injured or blunted, especially the reverse dies."<BR><BR><B>Provenance.</B></I> <I>Chris Victor-McCawley (9/1995).</B></I><BR><BR><B>Personality.</B></I> <B>Peter LaChase</B></I> (a.k.a. Peter LaChaize or LaChaise) was employed by the Mint on or before January 1793, when he signed the Mint Rules and Regulations document, the equivalent of today's company handbook. The January 1796 payroll lists him as a melter.<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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