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

2201

1800 1C Normal Date. VF20 PCGS. S-198, B-19,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1800 1C Normal Date. VF20 PCGS. S-198, B-19,
<B>1800 1C Normal Date. VF20 PCGS. S-198, B-19, High R.5.</B></I> <B>Bland VG10; tied for CC-1. Noyes VG10; CC-1. Photo #27758. Our EAC Grade VG10.<BR><BR>Equivalents.</B></I> Proskey 9; Doughty 147; McGirk 4D; Clapp-Newcomb 11; EAC 13; <I>Encyclopedia </B></I>1737; PCGS #1449.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (1991).<BR><B><BR>Surfaces.</B></I> A lovely piece consisting of intermingled medium brown and lighter reddish-brown color. Cleaned and recolored, yet possessing excellent eye appeal. The obverse has a small nick in the hair, another through 80, and a tiny rim bruise at 4 o'clock. The reverse has a small depression at the left top of N in ONE, with other typical abrasions.<BR><BR><B>Variety. </B></I>Chips at right top of 1. Top of Y high. Vertical crack from 1 in denominator to left ribbon. The obverse appears on S-198. The reverse appears on S-198.<BR><BR><B>Die State III. </B></I>An intermediate die state. The early state crack along the left side of the 1 in the denominator appears to be constant. With fewer than 30 examples known in all grades, Breen recorded six distinctly different die states!<BR><BR><B>Census. </B></I>The finest known, this example is one of the most pleasing survivors from the die pair. Most known examples have dark or corroded surfaces.<BR><BR><B>Commentary. </B></I>In addition to its importance as a rare Sheldon number, the low condition census doubles its importance to collectors. Finest known for the variety grades below Fine, and only eight examples are known better than Good. The top six examples in Bland's Census have a combined point value of just 55.<BR><BR><B>Provenance. </B></I><I>Douglas Hughes (1986); Jack H. Robinson (Superior, 1/1989), lot 416; John R. Frankenfield (Superior, 2/2001), lot 459, $15,525.</B></I><BR><BR><B>Personality. </B></I>An early employee at the Mint was <B>Jacob Bay,</B></I> who was hired to cut punches on December 24, 1792, and signed the Mint Rules and Regulations on January 1, 1793. Article 5 states that "any workman who shall come to the Mint drunk or shall get drunk while there shall forfeit as in Article 2," which stipulated forfeiture of one day's pay for the first offense, two days' pay for the second offense, and all money due plus discharge for the third offense. Bay was discharged under those terms in August 1793.<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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