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

2175

1798 1C Second Hair. AU58 PCGS. S-172, B-34,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,250.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C Second Hair. AU58 PCGS. S-172, B-34,
<B>1798 1C Second Hair. AU58 PCGS. S-172, B-34, R.2.</B></I> <B>Bland AU55; tied for CC-3. Noyes XF45; tied for CC-4. Photo #23082. Our EAC Grade XF45.<BR><BR>Equivalents.</B></I> Proskey 21; Doughty 129; McGirk 17A; Clapp 32; EAC 34; <I>Encyclopedia </B></I>1732; PCGS #1434.<BR><B><BR>Variety. </B></I>Style II Hair. Top of 7 is repunched. M repunched, serifs below top. The obverse appears on S-172. The reverse appears on S-172.<BR><B><BR>Surfaces. </B></I>This piece was struck on a defective, laminated planchet. The upper edge of the lamination extends from the border at 7:30 to the third curl, and in the other direction on the edge of the coin halfway to the date. Bright olive-brown with darker steel toning, especially on the reverse. Plain Edge.<BR><B><BR>Die State II. </B></I>Small rust pits below the ear and left of L are visible in this die state.<BR><B><BR>Census. </B></I>Two Mint State pieces are followed by several XF examples, including the Husak coin. They are followed by four AU coins in the Bland Census. Noyes lists six coins, including this piece, with an XF45 grade.<BR><B><BR>Commentary. </B></I>The S-172 die marriage utilizes obverse and reverse dies that each went unused for any other large cents. For that reason, its exact location within the emission sequence is unknown. Breen placed it immediate after the chain of Large 8 coins (S-165, 166, and 167), and Sheldon placed it right after his S-171 marriage. It could also easily follow S-175, 178, 179, or 187 in the emission sequence.<BR><B><BR>Provenance. </B></I><I>Philip G. Straus (Stack's, 5/1959), lot 169, $70; C. Douglas Smith.</B></I> <I>Although unplated in the Straus catalog, this piece matches the description written by Stack's.</B></I><BR><BR><B>Personality. </B></I>The coins of <B>Philip G. Straus,</B></I> one of several large cent collections cataloged by C. Douglas Smith in the 1950s, appeared on the auction block in May 1959, courtesy of Stack's. Of the 310 pieces offered, 30 appeared in the plates.<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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