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

2176

1798 1C Second Hair. MS63 Brown PCGS. S-173,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,325.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C Second Hair. MS63 Brown PCGS. S-173,
<B>1798 1C Second Hair. MS63 Brown PCGS. S-173, B-38, R.3.</B></I> <B>Bland MS61; tied for CC-1. Noyes XF40; CC-10. Photo #32907. Our EAC Grade AU55.</B></I><BR><BR><B>Equivalents.</B></I> Proskey 24; Doughty 132; McGirk 20A; Clapp 33; EAC 38; <I>Encyclopedia </B></I>1732; PCGS #1434.<BR><BR><B>Variety. </B></I>Style II Hair. LIB close, Y partly repaired. Doubled centered dot. The obverse appears on S-173. The reverse appears on S-173 and 1799 NC-1.<BR><BR><B>Surfaces.</B></I> Frosty mint luster with deep steel and olive-brown color and considerable faded red. A few minor abrasions and faint hairlines are primarily visible on the obverse. Plain Edge.<BR><BR><B>Die State IV. </B></I>The obverse has a rim break at RTY, connecting the right curve of R to the top of T and left top of Y.<BR><BR><B>Census. </B></I>Bland considers this piece tied with the ANS example for finest known, placing the Husak coin in the top spot among those available to collectors. We believe that Noyes should reconsider the grade of this piece. It should easily rank in the top six on his list.<BR><BR><B>Commentary. </B></I>The reverse die was used for 1799/8 NC-1, struck between early and late states of this 1798 variety. The 1799/8 S-188 die marriage is indirectly linked to this variety, and was also coined at about the same time, between early and late states of S-173.<BR><BR><B>Provenance. </B></I><I>Discovered in Europe; Lester Merkin, privately; Bowers and Ruddy (1973-1975 FPLs) $1,995; Bowers and Ruddy (2/1976), lot 1068, $1,800; later, Heritage (2/1994), lot 6685, $2,860; Anthony Terranova, Thomas D. Reynolds, and Chris Victor-McCawley (3/1994); Robinson S. Brown, Jr. (Superior, 1/1996), lot 239, $5,775.</B></I><BR><BR><B>Personality. </B></I>Q. David Bowers and James F. Ruddy operated <B>Bowers and Ruddy Galleries</B></I> in Los Angeles from 1970 to 1982. The duo sold their earlier firm, Empire Coins, to Paramount in the mid-1960s. The firm published the <I>Rare Coin Review</B></I> and conducted many important auctions including the four-part Garrett sale and the Eliasberg gold coins. Earlier sales were operated under the name American Auction Association.<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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