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

2179

1798 1C Second Hair. AU50 PCGS. S-176, B-24,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,875.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C Second Hair. AU50 PCGS. S-176, B-24,
<B>1798 1C Second Hair. AU50 PCGS. S-176, B-24, R.4.</B></I> <B>Bland VF30; tied for CC-3. Noyes VF30; CC-3. Photo #23345. Our EAC Grade VF30.<BR><BR>Equivalents.</B></I> McGirk 23B; Clapp 36; EAC 24; <I>Encyclopedia </B></I>1732; PCGS #1434.<BR><B><BR>Variety. </B></I>Style II Hair. LIBERTY wide, LI close. Lines from rim to ER. The obverse appears on S-176, S-177, and S-178. The reverse appears on S-160, S-162, and S-176.<BR><B><BR>Surfaces.</B></I> Sharpness is much finer than the net grade by Bland and Noyes. Mottled olive and light brown surfaces with several minor rim bruises on each side. A few other tiny surface marks are evident, including a shallow depression on Liberty's cheek. Double Flange Edge.<BR><BR><B>Die State II. </B></I>Traces of the obverse die crack are evident in the lower right field.<BR><BR><B>Census. </B></I>Only about a dozen examples of S-176 grade VF or better, including a single AU coin and an XF piece. The Husak specimen ranks solidly in the traditional census of the top six pieces.<BR><BR><B>Commentary. </B></I>The past provenance of this piece is recorded in the May 2003 Superior catalog as Hines-Downing, lot 1830-Smith. Bill Noyes records the same provenance for his photo number 23934, eventually appearing in the May 2003 sale as lot 474. Although not plated in the 1952 ANA offering of the Downing cents, the coin in that sale is clearly a different piece, described as light brown and "struck upon a slightly misshapen planchet." There is no mention of any rim bruises in the Downing catalog. It is also a different die state than the Downing coin.<BR><BR><B>Provenance. </B></I><I>Spink & Son, Ltd.; New Netherlands (3/1973), lot 43, $375; Denis W. Loring (1974); C. Douglas Smith; Dr. Robert A. Schuman; Superior (5/2003), lot 474.</B></I><BR><BR><B>Personality. Denis W. Loring</B></I> was born May 28, 1947, in Flushing, New York. He is a graduate of Harvard and M.I.T. and works in the insurance business as an actuary. A charter member of Early American Coppers, he is an active contributor to the club, serving as EAC secretary from 1972 to 1978, and again from 1981 to 2005, and ninth vice president from 2005 to the present. He discovered the 1796 NC-6 variety. In 1974 Loring completed a collection of Sheldon-numbered varieties, the fifth person to accomplish such a collection. He was chairman of the EAC Revision Committee, working on a revision of <I>Penny Whimsy</B></I> during the early 1970s. Breen's <I>Large Cent Encyclopedia</B></I> incorporated much of that work.<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