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

2162

1798 1C First Hair. XF40 PCGS. S-159, B-18, R.3

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,900.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair. XF40 PCGS. S-159, B-18, R.3
<B>1798 1C First Hair. XF40 PCGS. S-159, B-18, R.3.</B></I> <B>Bland VF25; tied for CC-8. Noyes VF20; tied for CC-8. Photo #21944. Our EAC Grade VF20.<BR><BR>Equivalents.</B></I> Proskey 19; Doughty 127; McGirk 14A, 14B; Clapp 19; EAC 19; <I>Encyclopedia </B></I>1723; PCGS #1431.<BR><B><BR>Variety. </B></I>Style I Hair. LIB close, Y low. 100 wide, die scratch right from fraction bar. The obverse appears on S-158 and S-159. The reverse appears on S-159 and S-163.<BR><B><BR>Surfaces.</B></I> Mottled chocolate and steel-brown surfaces, with slight roughness, minor abrasions, and faint hairlines, almost entirely invisible without a magnifier. Double Flange Edge.<BR><B><BR>Die State I. </B></I>An early die state with three vertical obverse die cracks, but no other cracks on either side.<BR><B><BR>Census. </B></I>One remarkable Mint State coin is followed by a number of XF and VF examples. Two of the top five pieces are in the ANS Collection, limiting the number of census level examples that are available to collectors. The census is quite low for this level of rarity.<BR><B><BR>Commentary. </B></I>This variety is always found with the three vertical cracks in the left obverse field. Since these cracks first appeared in later die states of S-158, they are not diagnostic for the variety, but certainly assist in final attribution. Look at the reverse for the point of the highest leaf under the center of the final S to complete the attribution of S-159.<BR><B><BR>Provenance. </B></I><I>Paul Padget (10/1985); Jack H. Robinson; Superior Galleries (1/1989) lot 317, $2,310; Thomas D. Reynolds.</B></I><BR><B><BR>Personality. Paul Padget</B></I> operates a coin business, Paul Padget Associates, in Cincinnati, Ohio, attending numerous regional and national conventions. He also operates Paul Padget Vintage Sales, specializing in pre-owned Mercedes Benz and other specialty automobiles. In addition to his business enterprises, Padget conducts a coin convention, the Greater Cincinnati Numismatic Exposition, and has served on the board of governors of the Central States Numismatic Society.<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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