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

2153

1798/7 1C Overdate. VF20 PCGS. S-150, B-6, R.5

Currency:USD Category:Coins & Paper Money / US Coins Start Price:4,875.00 USD Estimated At:1.00 - 1,000,000.00 USD
1798/7 1C Overdate. VF20 PCGS. S-150, B-6, R.5
<B>1798/7 1C Overdate. VF20 PCGS. S-150, B-6, R.5.</B></I> <B>Bland VF20; tied for CC-4. Noyes Fine 15; tied for CC-5. Photo #57177. Our EAC Grade Fine 15.<BR><BR>Equivalents.</B></I> Proskey 2; Doughty 111; McGirk 2A; Clapp 8; EAC 6; <I>Encyclopedia </B></I>1717; PCGS #1440.<BR><B><BR>Variety. </B></I>Close overdate, joins bust. Spine left from fraction bar. The obverse appears on S-150 and S-151. The reverse appears on S-149 and S-150.<BR><B><BR>Surfaces.</B></I> The sharpness is perhaps a few points finer than the net grade. Splendid steel-brown surfaces with lighter olive-gray on the devices. The obverse is attractive, despite microscopic roughness, while minor verdigris adheres to the reverse. This is a rare situation where the PCGS grade is the same as the Bland grade. Partially Reeded Edge.<BR><B><BR>Die State V. </B></I>The obverse has a clear die bulge behind the hair ribbons, and a faint die crack from the lower ribbon end to the border. The reverse die cracks are faintly visible. The reverse also has evidence of a minor bulge through F AME.<BR><B><BR>Census. </B></I>Bland records six pieces that range from VF35 to VF20, followed by single examples graded Fine 15 and Fine 12. Noyes grades the finest known Newcomb coin XF45, followed by three VF examples and five graded Fine 15 or Fine 12.<BR><B><BR>Commentary. </B></I>Breen only described four die states in his <I>Large Cent Encyclopedia.</B></I> We are calling this State V, for the prominent obverse die bulge and fine obverse crack, described by Breen at S-151, but entirely ignored at S-150. Incorrectly called State III in the McCawley & Grellman catalog.<BR><B><BR>Provenance. </B></I><I>Henry C. Miller (Thomas Elder, 4/1917), lot 756, $28; Hillyer Ryder (5/1945); Wayte Raymond; New Netherlands Coin Co. (9/1953), lot 259, $32.50; Dorothy Paschal (8/1978); John M. Ward, Jr. (Superior, 9/2004), lot 336, $4,600.</B></I><BR><B><BR>Personality. </B></I>Best known for his study of Vermont and Massachusetts state coinage, <B>Hillyer Ryder</B></I> wrote variety references for both series. Ryder died in Carmel, New York, on February 11, 1928. His collection included 200 half cents, 300 large cents, 900 Connecticut coppers, and 400 other Colonial coins. A portion of his large cent collection was sold by New Netherlands in their 41st sale, and his half cents were sold by the same firm in their 44th sale.<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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