SOLD
57,500.00USDto floor + buyer's premium (11,500.00)
This item SOLD at 2009 Sep 06 @ 17:46UTC-07:00 : PDT/MST
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1799/8 NC-1 R7 Overdate 9 over 8. Fine-12. Discovery Coin. Plated in Sheldon, Breen, and Noyes. Glossy chocolate brown with traces of olive brown toning in protected areas and a few tiny splashes of lighter brown toning in the obverse fields. There are traces of extremely fine roughness under the attractive glossy toning, mostly around the date, but the surfaces are excellent overall and the eye appeal is outstanding for the grade. The only marks are a very tiny planchet chip hidden in the hair left of the shoulder, a thin nick close under the second S in STATES, a shallow low spot at the dentils over the right top of the M in AMERICA, and a tiny hairline scratch from the base of the first 0 in the denominator down into the dentils below. None of these marks are at all distracting and it is tempting to call this cent choice, especially for a 1799. The date and legends are strong and the overdate is bold. The attribution points for this extremely rare variety are obvious on this example. Finest of only 7 known (Noyes and Bland each list 8 examples, but one of those, the Punchard coin, is a misattributed S-188). This is the discovery coin for the variety and is plated in all the major references for the series, including Early American Cents (reverse), Penny Whimsy (reverse), Breen (obverse and reverse), and Noyes (obverse and reverse). Called finest known in the Noyes and Bland census lists, and this example is clearly superior to the remaining half dozen. Noyes calls this piece F15 net VG10 (why there is a deduction is a mystery to me) and CC#1, his photo #20101. Bland says F12 and CC#1. Dr. Sheldon called this piece VF20 (of course, ownership does tend to add a few points). He was offered $2000 for it by George H. Clapp in 1947 (which was twice the value of a Strawberry Leaf 1793 cent at the time) and he refused. Removed from an NGC slab graded F15 (NGC label included). DWH #2640. NOTE: Dan thought he already owned this rare variety when he purchased the Richard V. Punchard example for $6500 on 10/25/91. Subsequent inspection by this cataloger many years later revealed that the Punchard piece is actually S-188 with damage in strategic areas that made attribution very difficult. The Punchard coin was listed as NC-1 in the Noyes and Bland condition census postings, but both census takers merely accepted the Punchard attribution, as did many other EAC members who saw the coin. The misattribution placed Dan in the unexpected and unenviable position of needing to fill a tough hole in his collection that he assumed was already filled. Fortunately the Rasmussen example became available in 2005 and Dan was able to win it at auction. Dan still owns the previously misattributed Punchard coin where it fills the S-188 hole in his "fun set."
Estimated Value $50,000-UP.
Ex New England Collection-Frederic W. Geiss, B. Max Mehl #109, 2/47:48 (as D-137)-Judge Thomas L. Gaskill 9/1947-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr. 2/23/92-Eric Streiner 3/20/92-R. S. Brown, Jr., Superior 1/27/96:257-Wes Rasmussen, Heritage 1/13/05:3218-Tony Terranova and John Gervasoni 1/14/05. The Rasmussen provenance and attribution are noted on the NGC label.
Our item number 142888
Auction Location:
The Crowne Plaza Beverly Hills - Del Ray Ballroom - 1150 S Beverly Drive, Beverly Hills, California, 90035, United States
Previewing Details:
LOT PREVIEW SCHEDULE
By Appointment Only
August 1-28, 2009
9am - 5pm
OPEN LOT VIEWING
August 31 - September 7, 2009
9am - 5pm
350 South Beverly Drive, Suite 350
Beverly Hills, CA 90212
310-551-2646 | 800-978-2646
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
Shipping Details:
Will ship worldwide
Payment Details:
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These Terms And Conditions Of Sale Set Forth The Terms Of A Public Auction Sale Conducted In Beverly Hills, California By Ira & Larry Goldberg Coins & Collectibles, Inc., A Nevada Corporation, California Auction Bond No. 3s95453300 (Hereinafter, The "Auctioneer" Or "Goldberg").
The Terms And Conditions Of Sale, The Glossary, If Any, And All Other Contents Of This Catalog Are Subject To Amendment By Us By The Posting Of Notices Or By Oral Announcements Made During The Sale.
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28. Goldberg reserves the right to post-pone the auction sale or any session thereof for a reasonable period of time for any reason whatsoever, and no Bidder or prospective Bidder shall have any claim as a result thereof, including consequential damages.
Disclaimers And Warranties
All Items Offered In This Catalogue Are Guaranteed To Be Genuine.
This Is A Limited Warranty That The Item Sold Is Not Counterfeit, That Its Date Or Mintmark Has Not Been Altered And That The Coin Has Not Been "Repaired."
29. Any other warranty is expressly disclaimed; Goldberg offers no representation that a numismatic item has or has not been cleaned; that any toning is natural or artificial; that any coin will meet the standards or grade of any independent grading service; that any item has a particular provenance or pedigree, or that a numismatic item is struck or produced in a particular style. Any statement concerning such matters reflects an opinion only. Questions regarding the minting of a coin as a proof or as a business strike relate to the method of manufacture and not to authenticity.
a. The descriptions contained herein represent the Cataloger's good faith opinion, or the opinion of an independent grading service, as to the state of preservation and strike. When a grade from an independent grading service is utilized, the information is provided strictly for the convenience of the bidder by mail, telephone or facsimile. Bidders and Purchasers acknowledge that (i) grading is an art, not a science; (ii) the grades contained in the catalogue represent the opinion of the Auctioneer based upon its experience; (iii) it is possible that two people will not always grade the same items alike; and (iv) as market conditions change, grading standards change, and will most likely continue to do so in the future.
NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY, IS MADE WITH RESPECT TO ANY GRADE DESCRIPTION, WHICH IS MERELY AN OPINION THAT IS LIKELY TO DIFFER, EVEN AMONG EXPERTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING OF A LOT BY AN INDEPENDENT GRADING SERVICE.
b. Grading or condition of rare coins may have a material effect on the value of the item(s) purchased; and the opinion of third parties (including independent grading services) may differ from the independent grading service's opinion or interpretation of Goldberg. Goldberg shall not be bound by any prior or subsequent opinion, determination or certification by any independent grading service.
c. All oral and written statements made by Goldberg and its employees (including affiliated and related companies) are statements of opinion only, and are not warranties or representations of any kind, unless stated as a specific written warranty, and no employee or agent of Goldberg has authority to vary or alter these Terms and Conditions of Sale. Any alteration shall be effective only if in writing and signed by an officer of Goldberg authorized to do so.
d. Bidders shall have no recourse against the Consignor for any reason whatsoever.
e. Notwithstanding anything to the contrary in these Terms and Conditions of Sale,
COINS & CURRENCY LISTED IN THIS CATALOGUE GRADED BY PCGS, NGC, ICG, SEGS, ACCUGRADE, PCI, NTC, CGA, PMG OR ANACS CACHET MAY NOT BE RETURNED FOR ANY REASON WHATSOEVER.
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Waiver and Releases:
Purchaser, for himself, his heirs, agents, successors and assigns, generally and specifically waives and releases, and forever discharges Goldberg, and its respective affiliates, parents, shareholders, agents, subsidiaries, employees, members of their respective boards of directors, and each of them, and their respective successors and assigns from any and all claims, rights, demands and causes of action and suites, of whatever kind or nature, whether in law or equity, whether known or unknown, suspected or unsuspected, which Purchaser may claim to have with respect to and/or arising out of, or in connection with any challenge to the title to any good purchased, the sale itself and/or the auction, except for reimbursement in the amount equal to any bid actually paid by Purchaser, plus any Buyer's Commission actually paid by Purchaser where such reimbursement is authorized in these Terms and Conditions of Sale. It is the intention of Purchaser that this waiver and release shall be effective as a bar to each and every claim, demand, cause of action and suit that may arise hereunder, and Purchaser hereby knowingly and voluntarily waives any and all rights and benefits otherwise conferred upon him by the provisions of the California Civil Code, which reads in full as follows:
"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."
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32. The sole remedy that any Purchaser in the auction shall have, whether such Purchase is bidding in person, by mail, by facsimile, by telephone, or through an employee or agent, for any claim or controversy arising out of the auction shall be a refund of the original purchase price and premium paid, if any.
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35. If the Purchaser fails to comply with one or more of these Terms and Conditions of Sale, then in addition to all other remedies which it may have at law or in equity, Goldberg may at its sole option, either (a) cancel the sale, retaining all payments made by Purchaser as liquidated damages, it being recognized that actual damages may be speculative or difficult to compute, or (b) sell some or all of the property and (some or all other property of the Purchaser held by Goldberg, if Goldberg deems necessary), in a quantity sufficient in the opinion of Goldberg to satisfy the indebtedness, plus all accrued charges. More than one such sale may take place at the option of Goldberg. Such sale may take place without notice to Purchaser. If Goldberg gives notice, it shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the address utilized on the Bid Sheet, Auction Consignment and Security Agreement or other address known to Goldberg. Such sale will be at Goldberg standard commission rates at public or private sale, within California, or at another location outside of California to be determined by Goldberg. At the time of sale the defaulting party shall not bid nor be permitted to bid. The proceeds shall be applied first to the satisfaction of any damages occasioned by Purchaser's breach, and then to the payment of any other indebtedness owing to Goldberg, including without limitation, commissions, handling charges, the expenses of both sales, reasonable attorneys' fees and costs, collection agency fees and costs and any other costs or expenses incurred thereunder. If a lot or item is not paid for, and is sold by Goldberg for Purchaser's account, in accordance with the Uniform Commercial Code, Goldberg shall not be required to account to the Purchaser for any excess proceeds. Purchaser shall remain liable to Goldberg if the proceeds of such sale or sales is insufficient to cover the indebtedness. If other property of Purchaser is also sold, any excess of proceeds will be remitted to the Purchaser after first deducting the expenses set forth above. If Purchaser fails to remit sums due to Goldberg, Purchaser grants to Goldberg a lien with respect to such sum, with interest to accrue thereon at the legal rate, until actually paid, which lien shall apply against any property of Purchaser, including any future goods of Purchaser coming into possession of Goldberg. To the extent permitted by law, Purchaser hereby waives all the requirements of notice, advertisement and disposition of proceeds required by law.
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39. If any section of these Terms and Conditions of Sale or any term or provision of any section is held to be invalid, void, or unenforceable by any court of competent jurisdiction, the remaining sections or terms and provisions of a section shall continue in full force and effect without being impaired or invalidated in any way. AS STATED IN THE TERMS AND CONDITIONS OF SALE Certain lots may be reserved by the Consignor. If the Auctioneer identifies a Consignor bidding on his own property, an announcement will be made that the Consignor is now bidding. If the Consignor places a bid in the mail bid book and is successful, the Auctioneer will announce that the lot has been passed.
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