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

2252

1803 1C Corrected Fraction. MS63 Brown PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1803 1C Corrected Fraction. MS63 Brown PCGS.
<B>1803 1C Corrected Fraction. MS63 Brown PCGS. S-249, B-7, R.2.</B></I> <B>Bland MS61; tied for CC-3. Noyes MS62; CC-3. Photo #20614. Our EAC Grade MS60.<BR><BR>Equivalents. </B></I>Proskey 1; Doughty 179; McGirk 1A; Ross 1; Newcomb 7; EAC 7; <I>Encyclopedia </B></I>1752; PCGS #911501.<BR><B><BR>Variety. </B></I>Small Date. "Mumps" variety, die chip at throat. Corrected Fraction. The obverse appears on S-246, S-247, S-248, and S-249. The reverse appears on S-249.<BR><B><BR>Surfaces.</B></I> The obverse has intermingled olive, golden-tan, and steel, and the reverse is darker steel-brown and olive. A pleasing, lustrous example with essentially mark-free surfaces.<BR><B><BR>Die State II. </B></I>Light clash marks with a tiny bulge at the end of the drapery.<BR><B><BR>Provenance. </B></I><I>David Proskey; Henry C. Hines; Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr.; Auction '81 (Paramount), lot 1054, $4,500; R.E. Naftzger, Jr. (2/1992); Eric Streiner (1/1994); Chris Victor-McCawley.</B></I><BR><BR><B>Personality. </B></I>Although his ethics have been questioned in recent years, there is no doubt that <B>Dr. William H. Sheldon </B></I>did more to expand the interest of large cent collecting than any other individual. <BR><BR>Sheldon was born in Warwick, Rhode Island, on November 19, 1898, and died in Cambridge, Massachusetts, on September 16, 1977.<BR><BR>While continuing his education through the University of Chicago, he worked in a variety of professions. At different times during his life, he was an oilfield scout, a wolf hunter (for a sheep ranch in New Mexico), a high school teacher, a college instructor and professor, and a Harvard research associate. He served in both World War I and World War II, first as a second lieutenant in the Army and later with the U.S. Army Medical Corps.<BR><BR>His most important contributions to numismatics were his reference <I>Early American Cents</B></I> (later editions were known as <I>Penny Whimsy</B></I>) and development of the 70-point grading scale that is known to nearly every collector today. He was also the author of several books in the field of psychology. Dr. Sheldon assembled a collection of early large cents including all 295 of his numbered varieties and 30 additional "non-collectible" varieties. This collection was sold intact to R.E. Naftzger, Jr. on April 19, 1972.<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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