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

2139

1797 1C Reverse of 1797. MS62 Brown PCGS. S-136,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:19,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1797 1C Reverse of 1797. MS62 Brown PCGS. S-136,
<B>1797 1C Reverse of 1797. MS62 Brown PCGS. S-136, B-7, R.3.</B></I> <B>Bland AU55; tied for CC-1. Noyes AU55; tied for CC-1. Photo #21179. Our EAC Grade AU55.<BR><BR>Equivalents.</B></I> Proskey 11; Doughty 102; McGirk 12A, 12B; Clapp-Newcomb 19; EAC 15; <I>Encyclopedia</B></I> 1705; PCGS #1422.<BR><B><BR>Variety. </B></I>Wide date, 97 close and low. Berries five and four, none at T of CENT. The obverse appears on S-136 and S-137. The reverse appears on S-136 and NC-6.<BR><B><BR>Surfaces.</B></I> A splendid example with light tan color on both sides. Traces of grayish-brown indicates light wear on the highpoints. The reverse is bluntly struck inside the wreath with ill-defined detail. A tiny surface pit at the left obverse border establishes the provenance.<BR><B><BR>Die State V.</B></I> The latest die state with several reverse cracks and clash marks, and a die bulge at ER. A crack from the rim through RI curves through the wreath to join another crack through F and the wreath. An additional die crack is faintly visible through the left side of U. <BR><B><BR>Appearances.</B></I> The reverse is illustrated in <I>Early American Cents</B></I> and <I>Penny Whimsy</B></I>. The obverse and reverse are illustrated in Noyes (1991 and 2007).<BR><B><BR>Census.</B></I> This coin and two others are tied for finest known according to Bland, who grades all three coins AU55, while Noyes grades this coin and one other piece similarly, and tied for finest known status.<BR><B><BR>Commentary.</B></I> Beaded and Plain Edge coins are known. Breen states that those with plain Edge are Boulton blanks, the Beaded Edge pieces from Coltman.<BR><B><BR>Provenance.</B></I> <I>David Proskey; Henry C. Hines; Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner; Anthony Terranova; Chris Victor-McCawley (11/1996); Jack Wadlington; Chris Victor-McCawley (7/2005).</B></I><BR><B><BR>Personality.</B></I> A coin dealer from New York City, <B>Anthony J. Terranova </B></I>was born in Brooklyn on March 22, 1947. He began his full time career as a coin dealer in 1975 with Neil Berman, and has been in business for himself since 1978. Terranova regularly handles rare and historic material with an emphasis on quality.<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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