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

2167

1798 1C First Hair. MS62 Brown PCGS. S-164,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:29,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair. MS62 Brown PCGS. S-164,
<B>1798 1C First Hair. MS62 Brown PCGS. S-164, B-20, R.4.</B></I> <B>Bland AU55; CC-1. Noyes AU55; CC-1. Photo #23072. Our EAC Grade AU55.<BR><BR>Equivalents.</B></I> Proskey 15; Doughty 123; McGirk 12A; Clapp 24; EAC 11; <I>Encyclopedia </B></I>1723; PCGS #1431.<BR><B><BR>Variety. </B></I>Style I Hair. LIB close, R almost touches hair. Right ribbon and bow incomplete. The obverse appears on S-164. The reverse appears on S-164.<BR><B><BR>Surfaces.</B></I> Exceptional golden-brown color with deeper olive highpoints and pristine surfaces. The appearance of surface roughness on the obverse is related to the die state, rather than later handling. Partially Reeded Edge.<BR><B><BR>Die State IV. </B></I>The obverse has die roughness, scaling, and heavy clash marks, including part of AMERICA in the right obverse field.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Clapp, <I>Early American Cents</B></I>, <I>Penny Whimsy</B></I> and Breen's <I>Large Cent Encyclopedia</B></I>.<BR><BR><B>Census. </B></I>Bland and Noyes both grade this piece AU55 and rank it as the finest known S-164.<BR><BR><B>Commentary. </B></I>Sheldon recorded a Census of 65-55-40-30-30-30 in <I>Penny Whimsy</B></I>. Today, Del Bland grades the top six coins known in Sheldon's time as 55-50-50-45-45-40.<BR><BR><B>Provenance. </B></I><I>Discovered in England by Elmer S. Sears (1922); Henry C. Hines (1944); Dr. William H. Sheldon (4/1972); R. E. Naftzger, Jr. (New Netherlands Coin Co., 11/1973), lot 479, $1,100; Myles Z. Gerson; Jerry A. Bobbe; Jack H. Beymer (11/1975); C. Douglas Smith; Dr. Robert Schuman (Superior, 5/2003), lot 453, $28,750.</B></I><BR><BR><B>Personality. Elmer S. Sears</B></I> was born in Fall River, Massachusetts on March 13, 1874, and died in Swansea, Massachusetts, on September 23, 1937. He was a coin dealer and the discoverer of the 1803 NC-1 large cent. Sears provided financial assistance to Wayte Raymond for his United States Coin Company enterprise.<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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