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

2159

1798 1C First Hair, Reverse of 1795. VG10 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:5,750.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair, Reverse of 1795. VG10 PCGS.
<B>1798 1C First Hair, Reverse of 1795. VG10 PCGS. S-156, B-10, High R.5. </B></I> <B>Noyes VG7; tied for CC-9. Photo #26582. Our EAC Grade VG8.</B></I><BR><BR><B>Equivalents.</B></I> McGirk 1B; Clapp 14; EAC 10; <I>Encyclopedia </B></I>1721; PCGS #1428.<BR><BR><B>Variety. </B></I>Style I Hair. Close date, 98 distant. Reverse of 1795, triplet at AM. The obverse appears on S-156. The reverse appears on 1796 S-82, S-83, S-84, and 1798 S-156.<BR><BR><B>Surfaces. </B></I>Struck on a light chocolate planchet that shows full obverse dentilation. The reverse devices are weak at NT, the right lower wreath, and ICA, the latter area showing a small dig under a glass. Further perusal shows an obverse rim bump beneath the date and a couple of light obverse planchet pits, as made. Plain Edge.<BR><BR><B>Die State II. </B></I>Possibly State III. The obverse is cracked through the drapery. The reverse is cracked through OF AMERICA at the top of those letters.<BR><BR><B>Census. </B></I>The six finest examples of S-156 grade from VF30 down to Fine 12. Fortunately for collectors, all of the top pieces, including this coin, are considered Average or Choice quality, according to Noyes.<BR><BR><B>Commentary. </B></I>Sheldon-155 and S-156 are the first of several varieties that Sheldon called Group 4. This particular variety group includes all varieties through S-165. Since S-155 and S-156 are from a Reverse of 1795 die, they should be considered a separate die grouping. Called High Rarity-5 today, Sheldon considered S-156 a Rarity-7 variety. In <I>Penny Whimsy</B></I>, Sheldon noted that just 11 examples were known, including three in the ANS Collection.<BR><BR><B>Provenance. </B></I><I>George Ramont (2/1976); Jules Reiver (Heritage, 1/2006), lot 19375.</B></I><BR><BR><B>Personality. </B></I>EAC charter member number 35, <B>George Ramont</B></I> christened the final portrait used on large cents the "Mature Head." A scholarly collector who was closely associated with Jules Reiver, Ramont was noted by Bill Noyes in the July 15, 2001, edition of <I>Penny-Wise</B></I> as someone who assembled a noteworthy large cent collection despite comparatively modest means.<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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