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1802 S-234 R3 The Dripping Paint variety. PCGS gr

Currency:USD Category:Coins & Paper Money / US Coins Start Price:25,000.00 USD Estimated At:50,000.00 USD
1802 S-234 R3 The Dripping Paint variety. PCGS gr
1802 S-234 R3 The "Dripping Paint" variety. PCGS graded MS-67 Red & Brown. Noyes Plate Coin. Highly lustrous bluish steel brown with faded mint red covering about 25% of the obverse, only traces of mint color remaining on the reverse. No spots or stains, only a light nick on the shoulder and a tiny hairline scratch in the drapery above the 2 from flawless. MDS, Breen die state IV. There is a shallow retained cud break over the B in LIBERTY but crumbling has not formed on the lower leaf below CA in AMERICA. Called MS65 "gem" and finest known in both census lists, Noyes photo #21323. Our grade is MS65. A fabulous gem cent with outstanding eye appeal. Plated in the Noyes book to illustrate the variety. Frequently exhibited at ANA Conventions many years ago by Howard Newcomb, who considered this to be "the most beautiful early cent." In the Newcomb sale catalog written by James G. Macallister, he said, "We could write a full page and not do justice to the beauty of this cent." That sentiment certainly holds true today. In fact, this piece is a serious candidate for the finest Draped Bust large cent of any date or variety. PCGS Population 1; The only example graded at PCGS for the variety. DWH #2828.
Estimated Value $50,000-UP.
Ex Howard R. Newcomb, J. C. Morgenthau & Co. Sale #458, 2/1945:366-T. James Clarke 1950-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr., 2/23/92-Eric Streiner-Jay Parrino (The Mint)-McCawley & Grellman Auctions/Superior 2000 ANA Money Show 3/2/2000:83-Jack Wadlington (via Bob Grellman & Chris McCawley) 11/7/05.

Our item number 142995