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

2156

1798 1C First Hair. AU50 PCGS. S-153, B-12, R.3

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,175.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair. AU50 PCGS. S-153, B-12, R.3
<B>1798 1C First Hair. AU50 PCGS. S-153, B-12, R.3.</B></I> <B>Bland VF30; tied for CC-8. Noyes VF20; tied for CC-11. Photo #27638. Our EAC Grade VF30.</B></I><BR><BR><B>Equivalents.</B></I> Proskey 12; Doughty 120; McGirk 3E, 3E1, 3E2, 3E3; Clapp 11; EAC 13; <I>Encyclopedia </B></I>1719; PCGS #1431.<BR><BR><B>Variety. </B></I>Style I Hair. Large wide date, close to border. Short spurs inside top of O in OF. The obverse appears on S-153. The reverse appears on S-148, S-153, and S-168.<BR><BR><B>Surfaces.</B></I> Lovely chocolate-brown and lighter tan, with traces of deep steel toning, especially around the reverse devices. Some specks of light orange might suggest to some that this piece has been cleaned and recolored, expertly so if at all. A tiny rim nick at I of AMERICA is essentially invisible due to the PCGS holder. Double Flange Edge.<BR><BR><B>Die State VI. </B></I>A late but not terminal die state. All cracks described by Breen are present on this piece, although struck before the obverse rim break of State VII developed.<BR><BR><B>Census. </B></I>More than a dozen VF and XF examples of S-153 are known, with a single piece that Noyes grades AU50.<BR><BR><B>Commentary. </B></I>Following the three overdate varieties of Sheldon's Group 2 cents, the S-153 and S-154 die combinations are the only varieties of Group 3 (Style I hair, Style II letters, and Large 8). Both varieties are scarce, and elusive in higher grades. Only two pieces of the type grade better than XF, one of each die marriage according to Noyes.<BR><BR><B>Provenance. </B></I><I>L.R. Davis McKinney, Jr. (House of Davis McKinney, 1/1964), lot 233; Eugene Exman (1/1970); Denis W. Loring (9/1970); Dr. Dane B. Nielsen; Myles Z. Gerson; Denis W. Loring (10/1980); Thomas D. Reynolds; March Wells (Early American Coppers, 4/2002), lot 254, $2,000; Chris Victor-McCawley.</B></I><BR><BR><B>Personality. March Wells</B></I> was born in Grand Rapids, Michigan, in 1928 and is a resident of Kentucky who spends his winters in Juno Beach, Florida. John Ashby introduced him to large cents in the 1970s. Wells served as president of Early American Coppers from 1999 to 2002. Superior sold his middle date collection in February 2000.<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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