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

2150

1798 1C First Hair. Fine 12 PCGS. S-147, B-4,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:375.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair. Fine 12 PCGS. S-147, B-4,
<B>1798 1C First Hair. Fine 12 PCGS. S-147, B-4, Low R.5. </B></I> <B>Noyes VG10; tied for CC-7. Photo #59266. Our EAC Grade VG8.</B></I><BR><BR><B>Equivalents.</B></I> Proskey 8; Doughty 116; McGirk 3D; Clapp 5; EAC 4; <I>Encyclopedia </B></I>1716; PCGS #1431.<BR><BR><B>Variety. </B></I>Style I Hair. IB close. Final 0 joins right ribbon. The obverse appears on S-146 and S-147. The reverse appears on S-147.<BR><BR><B>Surfaces.</B></I> Pleasing reddish-brown surfaces with traces of olive on each side. Both sides have moderate abrasions and microscopic roughness, as usual for lower grade coins. Plain Edge.<BR><BR><B>Die State I. </B></I>Apparently an early die state, without reverse die cracks. A faint clash mark is visible at the top of the fraction, and through the right ribbon.<BR><BR><B>Census. </B></I>Only three examples of this die marriage are known in grades better than Fine, including one that is in the ANS Collection. Called Rarity-6 in both <I>Early American Cents</B></I> and <I>Penny Whimsy</B></I>, S-147 is now considered Low Rarity-5, yet the traditional Condition Census remains little changed in 50 years. Five of the six finest pieces known today were also known when <I>Penny Whimsy </B></I>was published in 1958.<BR><BR><B>Commentary. </B></I>Clapp considered this obverse to be a new die, entirely different from that used for S-146 (Clapp-3 and 4). However, Sheldon and later students recognize that the same obverse die was used for S-146 and S-147. After the late states of S-146 were produced, the obverse die was reworked again, with LIB extremely weak, but with the highest hair wave, the curl point, and the shoulder loop all restored.<BR><BR><B>Provenance. </B></I><I>Long Beach (6/2005).</B></I><BR><BR><B>Personality. </B></I>The <B>Long Beach Coin, Stamp & Collectible Expo</B></I> was founded in 1964 and operates one of the world's largest coin conventions, three times a year. Each event, held at the Long Beach Convention Center, is advertised to bring together more than 10,000 dealers and collectors for three full days of business.<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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