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

2154

1798/7 1C Overdate. Struck Off Center. AU50

Currency:USD Category:Coins & Paper Money / US Coins Start Price:20,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798/7 1C Overdate. Struck Off Center. AU50
<B>1798/7 1C Overdate. Struck Off Center. AU50 PCGS. S-151, B-7, R.3.</B></I> <B>Bland XF40; tied for CC-3. Noyes VF35; CC-4. Photo #23162. Our EAC Grade XF40.<BR><BR>Equivalents.</B></I> Proskey 3; Doughty 112; McGirk 2B; Clapp 9; EAC 7; <I>Encyclopedia </B></I>1717; PCGS #1440.<BR><B><BR>Variety. </B></I>Close overdate, joins bust. Die chip below left ribbon end. The obverse appears on S-150 and S-151. The reverse appears on S-151.<BR><B><BR>Surfaces.</B></I> Struck 5% to 10% off-center at 12 o'clock. The obverse has light golden-brown surfaces with olive and maroon on the reverse. The surfaces are smooth, with few imperfections other than several minute handling marks that are usually found on any cent of this grade. Slight reverse roughness is evident upon close examination. Partially Reeded Edge.<BR><BR><B>Die State VIII. </B></I>Apparently State VIII, the latest described by Breen, although most of the characteristics for that die state are off the flan. Breen describes an earlier die state (State VI) with an obverse rim break in the dentils at 7 o'clock. Due to the direction of the off-center strike, the rim break is entirely visible, and much heavier than normally believed. <BR><BR><B>Census. </B></I>This piece is one of just four coins that Bland grades XF40 or better, with the finest called AU50. Although he grades it just VF35, Noyes also considers this piece the fourth finest known S-151.<BR><BR><B>Commentary. </B></I>S-150 and S-151 were both struck in lower relief than most 1798 cents, making accurate grading difficult. Most examples of these two varieties are undergraded.<BR><BR><B>Provenance. </B></I><I>Discovered in Philadelphia by Henry C. Hines; Carl Wurtzbach; Dr. William H. Sheldon; Dr. Willard H. Tice; Stack's (6/1962), lot 267, $150; C. Douglas Smith; Bradbury K. Thurlow; Lester Merkin (9/1970), lot 36, $525; C. Douglas Smith; Dr. Robert J. Shalowitz; Jack H. Robinson; C. Douglas Smith; Dr. Robert Schuman (Superior, 9/2004), lot 337, $19,550.</B></I><BR><BR><B>Personality. Bradbury K. Thurlow, Esquire</B></I>, sold his notable collection of large cents in three different venues. The December 1967 Mayflower sale included more than 300 of his pieces, and a sizable number appeared alongside the coins of Richard Saslow in RARCOA's January 1969 auction. The September 1970 Merkin sale included dozens of his specimens as well.<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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