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

2155

1798/7 1C Overdate. AU53 PCGS. S-152, B-13, R.2

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,800.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798/7 1C Overdate. AU53 PCGS. S-152, B-13, R.2
<B>1798/7 1C Overdate. AU53 PCGS. S-152, B-13, R.2.</B></I> <B>Bland XF40; tied for CC-4. Noyes XF40; CC-4. Photo #22978. Our EAC Grade VF35.<BR><BR>Equivalents.</B></I> Proskey 4; Doughty 113; McGirk 2C; Clapp 10; EAC 14; <I>Encyclopedia </B></I>1717; PCGS #1440.<BR><B><BR>Variety. </B></I>Wide overdate, separated from bust. E in AMERICA first inverted. The obverse appears on S-152. The reverse appears on S-152 and NC-1.<BR><B><BR>Surfaces.</B></I> Delightful olive and reddish-brown surfaces with a few splashes of maroon patina and iridescent toning on each side. Both sides have a few fine diagonal hairlines that discount the grade slightly Numerous small pit marks on each side are believed to be remnants from the original planchet strip. Double Flange Edge.<BR><B><BR>Die State II. </B></I>The obverse has a straight die crack from the border to hair below the ribbon.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Clapp and in Breen's <I>Large Cent Encyclopedia</B></I>. The obverse is illustrated in <I>Early American Cents</B></I>.<BR><BR><B>Census. </B></I>Bland and Noyes agree that this piece is the fourth finest S-152, and each grade the coin XF40.<BR><BR><B>Commentary. </B></I>The three overdate varieties, Sheldon's Group 2, are subject to strong demand from major variety and date collectors. Though the commonest of the three, S-152 is elusive, despite its rating of Rarity-2. Only about a dozen examples of all three varieties grade better than VF.<BR><BR><B>Provenance. </B></I><I>Howard R. Newcomb (J.C. Morgenthau, 2/1945), lot 193, $50; Milton Holmes (Stack's, 10/1960), lot 1400, $450; R.L. Miles, Jr. (Stack's, 4/1969), lot 94, $550; Stack's (9/1975), lot 21, $950; C. Douglas Smith; Dr. Robert Schuman (Superior, 5/2003), lot 442, $8,625; Chris Victor-McCawley.</B></I><BR><BR><B>Personality. </B></I>Part II of the <B>R.L. Miles, Jr.</B></I> Collection, which consisted of silver and copper pieces, was sold by Stack's April 10-12, 1969. The sale included 223 lots of early copper, with both S-188 and S-189 varieties represented. In addition to his numismatic pursuits, the auction catalog biography feted the highly educated businessman for excellence at contract bridge.<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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