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

2161

1798 1C First Hair. AU55 PCGS. S-158, B-17, R.4.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,600.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair. AU55 PCGS. S-158, B-17, R.4.
<B>1798 1C First Hair. AU55 PCGS. S-158, B-17, R.4. </B></I> <B>Noyes VF35; tied for CC-5. Photo #38427. Our EAC Grade XF40.</B></I><BR><BR><B>Equivalents.</B></I> Proskey 18; Doughty 126; McGirk 13A; Clapp 18; EAC 18; <I>Encyclopedia </B></I>1725; PCGS #1431.<BR><BR><B>Variety. </B></I>Style I Hair. LIB close, Y low. AMERICA widely spaced. The obverse appears on S-158 and S-159. The reverse appears on S-158 and NC-2.<BR><BR><B>Surfaces. </B></I>Glossy light brown surfaces with hints of frosty luster, accented by traces of pale blue toning and faded mint red. Essentially a Mint State coin. The surfaces are covered by tiny planchet chips and a low area at the lower left reverse, originating from grease on the die when the piece was minted. A few faint hairline scratches are evident on each side. Although most of the imperfections are mint-made, the net grade is discounted for the quantity of marks, both original and modern. Second Beaded Edge.<BR><BR><B>Die State IV. </B></I>The vertical obverse die cracks are nearly invisible and only seen with careful scrutiny. <BR><BR><B>Census. </B></I>Bland and Noyes both list the two finest coins as AU50, but opinions differ from there. A number of XF and VF examples are known, including this specimen from the Husak Collection, considered fifth finest with two other similar pieces listed in the Noyes roster.<BR><BR><B>Commentary. </B></I>In their catalog, Superior noted that this specimen is a new discovery not previously listed in census reports. Noyes calls it fifth finest known.<BR><BR><B>Provenance. </B></I><I>Long Beach (6/2001); Superior (1/2004), lot 1239, $8,625.</B></I><BR><BR><B>Personality. George Bailey</B></I> signed a bond of indemnity on August 31, 1799, promising to return to work after the annual yellow fever epidemic was over.<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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