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

2165

1798 1C First Hair. XF45 Details, Scratched,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:600.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C First Hair. XF45 Details, Scratched,
<B>1798 1C First Hair. XF45 Details, Scratched, Cleaned, ANACS. S-162, B-23, R.4.</B></I> <B>Bland VF25; tied for CC-5. Noyes Fine 15; tied for CC-14. Photo #28428. Our EAC Grade VF25.<BR><BR>Equivalents.</B></I> Clapp 22; EAC 23; <I>Encyclopedia </B></I>1723; PCGS #1431.<BR><B><BR>Variety. </B></I>Style I Hair. Blunt 1, round knob 9. Lines from rim to ER. The obverse appears on S-162. The reverse appears on S-160, S-162, and S-176.<BR><B><BR>Surfaces.</B></I> Reverse graffiti is confined mostly to the area between the branches and above ONE. Some slight low areas outside the right branch result from light grease on the die. Double Flange Edge.<BR><B><BR>Die State II. </B></I>The obverse is noticeably bulged, and the reverse has light clash marks below S O.<BR><B><BR>Census. </B></I>One lovely Mint State coin is known, followed by a VF35 piece in second position. About a dozen VF coins are known in total. In <I>Penny Whimsy</B></I>, Sheldon recorded two different Mint State pieces.<BR><B><BR>Commentary. </B></I>Like many of the early cents, the rarity of S-162 has dropped substantially over the years. In <I>Early American Cents</B></I>, Sheldon rated this variety R-5, and in <I>Penny Whimsy</B></I> he noted it was not far from R-6. Years later, Breen rated it Low R-4 in his <I>Large Cent Encyclopedia</B></I>.<BR><B><BR>Provenance. </B></I><I>Dr. George French (B. Max Mehl, 1929 FPL), lot 219, $60; Henry A. Sternberg (8/1930); T. James Clarke (10/1954); R.E. Naftzger, Jr. (Abe Kosoff, 4/1956), lot 56, $52; Glen Wallace; Ace Reiswig; Robert E. Vail (1988); Del Bland; Dr. Philip Ralls; Robinson S. Brown, Jr. (Superior, 1/1996), lot 227, $1,815.</B></I><BR><B><BR>Personality. Henry A. Sternberg </B></I>(1875-1955) operated a general store in Dundee, Illinois. He retired from business in 1923. Sternberg collected large cents and other coins, purchasing pieces from the French and Beckwith Collections. He sold pieces through J.C. Morgenthau in 1933. M.H. Bolender sold most of his collection in March 1956.<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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