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

2158

1798 1C First Hair, Reverse of 1795. AU50 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:4,875.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair, Reverse of 1795. AU50 PCGS.
<B>1798 1C First Hair, Reverse of 1795. AU50 PCGS. S-155, B-9, R.3. </B></I> <B>Noyes VF25; CC-10. Photo #29089. Our EAC Grade VF30.</B></I><BR><BR><B>Equivalents.</B></I> Proskey 1; Doughty 110; McGirk 1A; Clapp 13; EAC 9; <I>Encyclopedia </B></I>1720; PCGS #1428.<BR><BR><B>Variety. </B></I>Style I Hair. Wide date and LIBERTY. Reverse of 1795, leaf pair at AM. The obverse appears on S-155. The reverse appears on 1796 S-87, S-88, S-89, and 1798 S-155.<BR><BR><B>Surfaces. </B></I>The surfaces have intermingled olive-brown and steel coloration with a few minor abrasions. This is a pleasing example of a popular variety that should garner considerable bidding activity from several different collector categories. Double Flange Edge.<BR><BR><B>Die State VI. </B></I>This specimen is the latest die state known with extensive die cracks, clash marks, and die chips in the drapery. The reverse has some central low areas, probably resulting from a trace of grease on the coinage die.<BR><BR><B>Census. </B></I>Bland considers the finest known an MS63 coin, while Noyes calls the same coin AU55. That coin is followed by a dozen examples that grade AU, XF, and VF, including the present piece that ranks 10th finest.<BR><BR><B>Commentary. </B></I>This is the important and popular 1798 type with the Reverse of 1795. There are actually three die varieties with this reverse type, including S-155 and S-156 with the first hair style, and S-178 with the second hair style. Of these, only the S-155 variety is relatively obtainable; the other two are important rarities for variety collectors. There are perhaps 300 to 400 examples of this variety known, with fewer than 100 of both other varieties combined.<BR><BR><B>Provenance. </B></I><I>Foreman;</B></I> <I>Stack's (1/1993), lot 1123, $3,080; Wes Rasmussen (Heritage, 1/2005), lot 3182, $4,313.</B></I><BR><BR><B>Personality. Wes Rasmussen</B></I> was born in Milwaukee, Wisconsin, on October 5, 1934, and currently resides in Las Vegas. He served as the sixth president of Early American Coppers from 1996 to 1999. Rasmussen spent his career in the printing business in Minnesota, and his company, Litho-Tech, printed <I>Penny-Wise</B></I> from 1986 through 2005. The firm also handled the printing needs for Bill Noyes' early-date book (1991) and his middle-date book, John Wright's middle-date reference (1992), and Bob Grellman's late-date book (1986). Rasmussen's collection of late-date cents was sold by Superior in 1998 and his early and middle-date collections were sold by Heritage in 2005.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot