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

2233

1802 1C MS63 Brown PCGS. S-230, B-8, R.1

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1802 1C MS63 Brown PCGS. S-230, B-8, R.1
<B>1802 1C MS63 Brown PCGS. S-230, B-8, R.1.</B></I> <B>Bland MS60; CC-1. Noyes MS62; CC-1. Photo #20736. Our EAC Grade MS60.<BR><BR>Equivalents. </B></I>Proskey 8; Doughty 171; McGirk 4A; Ross 6-H; Newcomb 8; EAC 8; <I>Encyclopedia </B></I>1750; PCGS #1470.<BR><B><BR>Variety. </B></I>Compact date with LIB close. Leaves nearly touch tops of O and E. The obverse appears on S-230. The reverse appears on S-230 and NC-2.<BR><B><BR>Surfaces.</B></I> A glossy Mint State piece with frosty cartwheel luster over pristine dark chocolate surfaces. Traces of light gold, faded from mint red, are noted around the obverse devices.<BR><B><BR>Die State V. </B></I>An intermediate die state with minor obverse and reverse die cracks. The obverse is cracked through LIBERT, and the reverse is cracked from ST, up to the leaves, and nearly to O in OF.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in Newcomb, <I>Penny Whimsy</B></I>, Noyes, and Breen's <I>Large Cent Encyclopedia</B></I>.<BR><BR><B>Census. </B></I>This lovely coin is the only Mint State piece in the Bland roster, and similarly the only Mint State coin in the Noyes Census. In fact, Noyes only lists one AU coin, meaning third finest known is just XF45. <BR><BR><B>Commentary. </B></I>Despite the low overall Condition Census, the S-230 is one of the commonest of all 1802 varieties.<BR><BR><B>Provenance. </B></I><I>Dr. George P. French (B. Max Mehl, 1929 FPL), lot 281, $50; Howard R. Newcomb (J.C. Morgenthau, 1945), lot 350, $26; Hollinbeck Coin Co. (1949); C. Douglas Smith (1959); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner; C. Douglas Smith; Dr. Robert A. Schuman; Superior (2/2002), lot 1261, $17,250.</B></I><BR><BR><B>Personality. Hollinbeck Coin Company</B></I> was founded in 1928 by R.O. Hollinbeck in Minneapolis. Five years later, Hollinbeck hired a 13-year old named Arthur Kagin. Kagin became a full time employee two years later, and was soon engaged in the formation of company branches in Omaha and Des Moines. John Adams observes: "With a foundation now in place, Kagin set out to build the house. The problems he faced were seemingly insurmountable: there were no sources of coins in Iowa and, at the time, very few collectors. He attacked both problems simultaneously." The firm later operated under the Hollinbeck-Kagin Coin Company name, and finally as Kagin's, all in Des Moines, Iowa. Beginning with their first auction in 1940, Art and brother Paul Kagin took over the company and conducted many auctions, usually 10 to 12 a year. A number of important individual large cents have appeared in their sales over the years; their single most important copper sale is the Philip Van Cleave auction in 1986.<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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