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

2257

1803 1C Small Date, Small Fraction. MS64 Brown

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,100.00 USD Estimated At:1.00 - 1,000,000.00 USD
1803 1C Small Date, Small Fraction. MS64 Brown
<B>1803 1C Small Date, Small Fraction. MS64 Brown PCGS. S-254, B-13, R.1.</B></I> <B>Bland MS63; tied for CC-3. Noyes MS63; tied for CC-3. Photo #21099. Our EAC Grade MS63.<BR><BR>Equivalents. </B></I>Proskey 13; Doughty 191; McGirk 11A; Ross 13; Newcomb 12; EAC 13; <I>Encyclopedia </B></I>1754; PCGS #1482.<BR><B><BR>Variety. </B></I>Small Date. Wide date, 03 close, 3 touches. Small Fraction. Fraction bar long, slants up to right. The obverse appears on S-254. The reverse appears on S-254 and S-255.<BR><B><BR>Surfaces.</B></I> Attractive golden-brown with faded mint red on each side. The surfaces are fully lustrous and the devices on both sides are sharply detailed. The obverse has a few tiny flecks of black toning, but are remarkably problem-free.<BR><B><BR>Die State IV. </B></I>The obverse has a heavy arcing die crack through the end of the drapery with die failure along the border, confined to the area inside the crack. <BR><B><BR>Appearances. </B></I>The obverse is illustrated in Newcomb and Noyes (1991).<BR><B><BR>Provenance. </B></I><I>Lorin G. Parmelee (New York Coin, 6/1890), lot 811, $8; Harlan P. Smith (Chapman Brothers, 5/1906), lot 1101, $15; S.H. Chapman; Dr. Henry Beckwith (S.H. Chapman, 4/1923), lot 28, $42; Howard R. Newcomb (J.C. Morgenthau, 2/1945), lot 428, $110; Wayte Raymond; Dr. Charles Cass; Stack's (11/1957), lot 165, $360; Emanuel Taylor (10/1960); R.E. Naftzger, Jr. (2/1992); Eric Streiner; Anthony J. Terranova; Gary Ruttenberg (McCawley and Grellman, 8/1996), lot 247, $14,025; Superior (3/2001), lot 16; Superior (5/2003), lot 528, $12,650.</B></I><BR><BR><B>Personality. </B></I>The United States Coin Company was an early enterprise of <B>Wayte Raymond</B></I>, who ranks among the most influential coin dealers of the early 20th century. Raymond was just 26 years old when he announced the new company, operating with financial assistance from Elmer Sears. This operation conducted 44 sales during a period of six years. Highlights included the collections of Malcolm Jackson, Foster Lardner, and H.O. Granberg. Before and after this period, Raymond conducted 69 other sales, published a series called the <I>Coin Collector's Journal,</B></I> and issued the <I>Standard Catalogue,</B></I> forerunner of the popular <I>Guide Book.</B></I> Raymond has been described as a shrewd Yankee trader, yet scrupulously fair. He developed and distributed National coin albums that helped create a market for recent issues. In addition to his numismatic promotions, including accumulating hoards of coins and then publishing references to help sell them, he also held a scholarly interest in numismatics. Lapp and Silberman described Raymond as "a generous host who loved fine food, good liquor, beautiful books, fine art objects, and luxurious surroundings. He had an instinctive kindness, a ready chuckle, and a deep sense of loyalty and decency."<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot