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

2265

1803 1C Small Date, Small Fraction. VF20 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:300.00 USD Estimated At:1.00 - 1,000,000.00 USD
1803 1C Small Date, Small Fraction. VF20 PCGS.
<B>1803 1C Small Date, Small Fraction. VF20 PCGS. S-262, B-21, R.3. </B></I> <B>Noyes Fine 12; CC-14. Photo #39163. Our EAC Grade Fine 12.<BR><BR>Equivalents. </B></I>Proskey 6; Doughty 184; McGirk 13A; Ross 6; Newcomb 20; EAC 21; <I>Encyclopedia </B></I>1754; PCGS #1482.<BR><B><BR>Variety. </B></I>Small Date. Separated date, 18 and 03 close. Small Fraction. Leaf point at upright of D. The obverse appears on S-262 and S-263. The reverse appears on S-262.<BR><B><BR>Surfaces.</B></I> Medium olive-brown with traces of verdigris and minor corrosion on each side. The reverse has some light scratches between ONE and CENT, and both sides have other grade-consistent abrasions.<BR><B><BR>Die State II. </B></I>Almost always seen with a diagonal die line through the bust to the top edge of the drapery, although no evidence is present on this example. For Die State I, Breen states: "Perfect obverse die. So rare as to be controversial; most specimens reported have been in low grade." We believe that the State II defect is invisible for the reason Breen suggests, the coin is worn to the point that the defect is no longer visible.<BR><BR><B>Census.</B></I> Sheldon-262 is a scarce variety that is almost always found in low-grades. The finest listed in Bland's Census is just VF35, followed by several lower VF coins.<BR><BR><B>Provenance. </B></I><I>Fred Borcherdt.</B></I><BR><BR><B>Personality. </B></I>A large cent collector in Wilmington, Delaware, <B>Fred Borcherdt</B></I> has formed an exceptional collection with an emphasis on die states. He is retired from an auto repair business. In 1972 he was voted "best drag race driver" for the year, operating a Pontiac GTO.<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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