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

2244

1802 1C No Stems. MS64 Brown PCGS. S-241, B-20,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1802 1C No Stems. MS64 Brown PCGS. S-241, B-20,
<B>1802 1C No Stems. MS64 Brown PCGS. S-241, B-20, R.1.</B></I> <B>Bland AU55; tied for CC-2. Noyes XF45; tied for CC-8. Photo #25002. Our EAC Grade AU55.<BR><BR>Equivalents. </B></I>Proskey 3; Doughty 166; McGirk 3A; Ross 3-C; Newcomb 19; EAC 20; <I>Encyclopedia </B></I>1746; PCGS #1476.<BR><B><BR>Variety. </B></I>Top hair wave below right side of E. No stems, doubled S and fraction bar. The obverse appears on S-241 and S-242. The reverse appears on 1802 S-241 and 1803 S-243.<BR><B><BR>Surfaces.</B></I> Frosty chestnut, chocolate, and olive-brown surfaces with nearly full luster on each side. This is a pristine example with only a few minor surface marks, including a fine scratch between D and S. It possesses excellent eye appeal.<BR><B><BR>Die State I. </B></I>This early die state piece has prominent clash marks but no die cracks on either side.<BR><B><BR>Census. </B></I>We agree with Del Bland's grade for this coin, and also agree with his rank in the Condition Census. Second finest of the S-241 cents, this piece ranks tied for seventh finest of any 1802 No Stems cent. The major variety collector may wish to give this piece serious consideration.<BR><BR><B>Commentary. </B></I>The 1802 S-241 cent is a "three errors" reverse, much like the famous 1801 S-218 and S-219 cents, although it is seldom referred to as such. It is noted for the No Stems feature on the reverse, the most obvious error. Another engraving error is the sharply doubled final S in STATES, and a third is the completely doubled fraction bar.<BR><BR><B>Provenance. </B></I><I>A.H. Baldwin; New Netherlands (6/1962), lot 508, $290; Richard Picker; R.E. Naftzger, Jr. (New Netherlands, 11/1973), lot 557, $1,100; Gordon J. Wrubel; Dr. Robert J. Shalowitz; Mike Weber; Ronald Cooper; Stack's (5/1990), lot 103, $5,500; Douglas Bird (1/1995).</B></I><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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