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

2220

1801 1C AU58 PCGS. S-217, B-7, High R.6

Currency:USD Category:Coins & Paper Money / US Coins Start Price:80,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1801 1C AU58 PCGS. S-217, B-7, High R.6
<B>1801 1C AU58 PCGS. S-217, B-7, High R.6.</B></I> <B>Bland AU50; CC-1. Noyes XF40; CC-2. Photo #21891. Our EAC Grade XF45.<BR><BR>Equivalents. </B></I>Newcomb 5; EAC 7; <I>Encyclopedia </B></I>1741; PCGS #1458.<BR> <BR><B>Variety. </B></I>Curl point below I. Compact denominator. The obverse appears on S-217 and S-218. The reverse appears on S-216 and S-217.<BR><B><BR>Surfaces. </B></I>This is a sharply struck example with weakness only near the obverse bulge and at other areas of die damage. The surfaces are dark brown with considerable deep red, especially on the reverse. Some light surface marks are present, alongside minor patches of reddish corrosion at ERT on the obverse and within the wreath on the reverse.<BR><B><BR>Die State II. </B></I>The obverse exhibits a slight bulge left of the date, affecting the lowest curls. Heavy clash marks above RTY of LIBERTY are from the reverse border dentils. Light clash marks are visible on the reverse, especially in the lower part of the wreath, from the top of Liberty's head.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Noyes (1991).<BR><B><BR>Census. </B></I>The finest known example of the rarest "numbered" Draped Bust variety. Each side garners strong consideration for a full AU grade. It is clearly finer than any other example, the Dupont coin being next best. Del Bland recorded the following grades for each one of the 17 known examples of this die marriage: 50, 40, 25, 20 (3), 15, 8 (2), 7, 6 (2), 5, 4 (2), 3 (2). One of the VF20 coins and the Fine 15 coin are in the ANS, leaving 15 in private hands.<BR><B><BR>Commentary. </B></I>Howard Newcomb discovered this variety in the 1930s or possibly earlier. By the time Sheldon published <I>Early American Cents</B></I>, only three or four were known. In the 1958 revision, <I>Penny Whimsy, </B></I>Sheldon noted that seven were known. It is perhaps surprising that so few of these have been discovered, given the distinctive appearance of the obverse. A prize cent in every sense of the word.<BR><B><BR>Provenance. </B></I><I>David Proskey; Henry C. Hines (1944); Dr. William H. Sheldon (1945); Carl Wurtzbach; T. James Clarke; Carl Wurtzbach; Barney Bluestone (1949); Dr. William H. Sheldon (4/19/72); R.E. Naftzger, Jr. (2/1992); Eric Streiner (1/1994); Wes Rasmussen (Heritage, 1/2005), lot 3256, $69,000.</B></I><BR><B><BR>Personality. Barney Bluestone</B></I> was a coin dealer and cataloger who was most active in the second quarter of the 20th century. Initially, Bluestone operated in Salt Lake City, Utah from 1929 to 1936, then moved to Syracuse, New York, and finally to Miami, Florida in 1950. Martin Gengerke records 117 auction sales for Bluestone. He is most famous for his eight-part series of sales offering the Albert Grinnell Collection of paper money.<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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