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

2269

1804 1C Early Die State. AU58 Details, Tooled,

Currency:USD Category:Coins & Paper Money / US Coins Start Price:7,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1804 1C Early Die State. AU58 Details, Tooled,
<B>1804 1C Early Die State. AU58 Details, Tooled, Cleaned, ANACS. S-266a, B-1, R.2.</B></I> <B>Bland XF40; tied for CC-8. Noyes XF40; tied for CC-6. Photo #20911. Our EAC Grade XF40.<BR><BR>Equivalents. </B></I>Proskey 1; Doughty 198; McGirk 1A; Clapp 1; EAC 1; <I>Encyclopedia </B></I>1760; PCGS #1504.<BR><B><BR>Variety. </B></I>Triple punched 4. High leaf below left corner of S. The obverse appears on S-266. The reverse appears on S-266.<BR><B><BR>Surfaces. </B></I>Uncertified due to obverse tooling. The right obverse field has been tooled or repaired, and recolored. The remainder of the obverse and reverse surfaces are nearly flawless, with glossy light brown color and only a trace of wear.<BR><BR>Del Bland notes that this piece was repaired prior to 1912. The name Wm. W. Baldwin was scratched in the right obverse field.<BR><B><BR>Die State II. </B></I>(S-266a) with faint die cracks through ERT and MERIC, but prior to the appearance of rim breaks on either side. Scarcer than 266c; commoner than 266b.<BR><B><BR>Appearances. </B></I>The obverse and reverse are illustrated in <I>Early American Cents</B></I>, <I>Penny Whimsy</B></I>, and Noyes.<BR><B><BR>Census. </B></I>Despite the tooling and other imperfections, this example still nearly reaches the Condition Census for the variety, based on sharp details and otherwise excellent surfaces.<BR><B><BR>Provenance. </B></I><I>Lyman H. Low (1880); Chapman Brothers; C.E. King; Chapman Brothers (4/1892), lot 1028, $102; George H. Earle, Jr. (Henry Chapman, 6/1912), lot 3432, $215; Dr. Henry Beckwith (S.H. Chapman, 4/1923), lot 33, $300; Elmer S. Sears; Oscar J. Pear (Numismatic Gallery, 1944 FPL), lot 196, $1,100; T. James Clarke; John H. Payne (1953); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner; Gilbert Steinberg; Superior (9/1996), lot 1571, $10,450; Eric Streiner.</B></I><BR><B><BR>Personality. Lyman Haines Low</B></I> specialized in Hard Times tokens and authored pioneering research. Low numbers for this series are still used today. He was born on July 22, 1844, in Boston, and died on February 10, 1924, in New Rochelle, New York. Low was a veteran of the Civil War, serving with the 13th Massachusetts Volunteers. After the war, he worked for a time as a traveling salesman. Eventually, he moved to New York and was employed for several years as manager of Scott Stamp and Coin Company until 1896, when he went into business for himself. He issued fixed price lists and conducted approximately 200 coin auctions. Low is known for his discovery of the Bank of New York hoard of Fugio cents. He served several years as co-editor of the <I>American Journal of Numismatics</B></I> from 1891 to 1907. Adams notes: "Despite such prodigious output, Low's best performances, in our opinion, may be found in his auction catalogs. These are characterized by painstaking descriptions, exceptionally conservative grading and a wealth of background commentary."<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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