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

2224

1801 1C Corrected Fraction. AU55 PCGS. S-221,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:11,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1801 1C Corrected Fraction. AU55 PCGS. S-221,
<B>1801 1C Corrected Fraction. AU55 PCGS. S-221, B-5, R.2.</B></I> <B>Bland AU50; tied for CC-4. Noyes XF40; tied for CC-5. Photo #27661. Our EAC Grade XF45.<BR><BR>Equivalents. </B></I>Proskey 4; Doughty 159; McGirk 2A; Newcomb 9; EAC 5; <I>Encyclopedia </B></I>1743; PCGS #1467.<BR><B><BR>Variety. </B></I>18 low, 01 high. Corrected Fraction. The obverse appears on S-216 and S-221. The reverse appears on S-221.<BR><B><BR>Surfaces.</B></I> A delightful piece with lovely olive, steel, and chestnut color on both sides. The usual light abrasions accompany the surfaces, as on so many of the early cents. The impression is nicely centered with full borders and generally strong details, although leaves at the lower right and on the left are blunt.<BR><B><BR>Die State II. </B></I>Several sets of obverse clash marks are mostly faded out.<BR><B><BR>Census. </B></I>Despite the existence of a few Mint State or AU coins, S-221 is rarely seen above VF. Bland only lists 10 XF or better coins, while Noyes suggests that just seven XF or better examples are known.<BR><B><BR>Commentary. </B></I>The obverse is the same die that also appears on S-216, and Breen places this die marriage ahead of S-216 in his emission sequence. Newcomb placed it after S-216, and both he and Sheldon gave the die an entirely new number, although they recognized it as the same die. Sheldon wrote: "Same die as obverse 4 but, as Newcomb says, after being set aside and then rejuvenated and remade sufficiently to merit a new number."<BR><BR><B>Provenance. </B></I><I>Gilbert D. Kingman; S.H. Chapman (2/1920), lot 443, $30; Dr. William H. Sheldon; Charles R. Mathewson (1955); Copley Coin Co. (1955); C. Douglas Smith (1971); Robinson S. Brown, Jr. (Superior, 9/1986), lot 326, $2,860; R.E. Naftzger, Jr. (12/1986); Herman Halpern (Stack's, 3/1988), lot 193, $2,420; J.R. Frankenfield (Superior, 2/2001), lot 497, $8,050.</B></I><BR><BR><B>Personality. Samuel Hudson Chapman</B></I> was the elder Chapman brother. He was born in Philadelphia on July 15, 1857, and died on September 22, 1931. Samuel Hudson and his brother, Henry, conducted many important auctions, and they each went on to conduct many more important sales after the two brothers separated. He was the author of <I>United States Cents of the Year 1794</B></I>, published in 1923 but recalled due to numerous errors. A revision was published in 1926. In Lapp and Silberman, S.H. Chapman is described as "slender, wiry, with a large, full moustache, a modest and unassuming man despite his immense, superior knowledge of numismatics and his keen judgment of values."<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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