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

2183

1798 1C Second Hair. XF45 PCGS. S-180, B-41,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:16,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798 1C Second Hair. XF45 PCGS. S-180, B-41,
<B>1798 1C Second Hair. XF45 PCGS. S-180, B-41, High R.5.</B></I> <B>Bland VF30; CC-2. Noyes VF30; CC-2. Photo #23289. Our EAC Grade VF30.</B></I><BR><BR><B>Equivalents.</B></I> Clapp 40; EAC 41; <I>Encyclopedia </B></I>1732; PCGS #1434.<BR><BR><B>Variety. </B></I>Style II Hair. Missing hair below ear. Straight tail to R. The obverse appears on S-180 and S-181. The reverse appears on S-180.<BR><BR><B>Surfaces.</B></I> Medium olive and darker steel with some lighter reddish-brown on the reverse. This is a pleasing example of the rarity. The obverse has a thin scratch through the date, blended with the surrounding color. A few tiny abrasions are noted around the neck, and a small mark is opposite the third curl in the left obverse field.<BR><BR><B>Die State V. </B></I>The terminal die state with two prominent reverse rim breaks, one on the second T in STATES, the other on the U of UNITED. This state is much rarer than the single break.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in <I>Early American Cents</B></I> and in <I>Penny Whimsy</B></I>. The reverse is illustrated in Noyes (1991).<BR><BR><B>Census. </B></I>The Husak specimen is one of just four VF pieces at the top of the census listings. The four coins include one example in the ANS Collection.<BR><BR><B>Commentary. </B></I>The S-180 is an important rarity in the Sheldon series, known in three distinctive states of the reverse die. That die can be found perfect, with one rim break, or with two rim breaks. Most of the 35 or 40 known pieces have a single rim break over ATE. Few are found from the perfect die, and only a few others have both rim breaks like this example.<BR><BR><B>Provenance. </B></I><I>From England; Elmer S. Sears; David Proskey; Henry C. Hines; Lillian Scheer; Homer K. Downing; Dr. William H. Sheldon; Dorothy Paschal (3/1975); Denis W. Loring (12/1977); C. Douglas Smith; Dr. Robert A. Schuman; Superior (9/2004), lot 403, $16,100.</B></I><BR><BR><B>Personality. Henry Clay Hines</B></I> was born on March 2, 1856, in Newark, New Jersey, and died on December 11, 1946. A graduate of Columbia Law School, he was admitted to the bar in 1883, practicing in New Jersey. During the first decade of the 20th century, Hines served in the New Jersey State Assembly. After this service, he found himself in the men's clothing business. Reports indicate that Hines lost more than $1.5 million in the 1929 Wall Street crash.<BR><BR>At one time, according to Sheldon, the Hines collection included 600 early dates and 3,500 late dates, the latter including about 300 proofs. Hines had acquired many large cents from David Proskey, and sold much of his collection to Carl Wurtzbach in 1932. Many years later, Dr. Sheldon acquired a number of those coins, establishing the often seen "Proskey-Hines-Sheldon" provenance chain.<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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