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

2275

1806 1C AU50 PCGS. S-270, B-1, R.1.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,800.00 USD Estimated At:1.00 - 1,000,000.00 USD
1806 1C AU50 PCGS. S-270, B-1, R.1.
<B>1806 1C AU50 PCGS. S-270, B-1, R.1. </B></I> <B>Noyes VF35; tied for CC-23. Photo #59276. Our EAC Grade VF35.<BR><BR>Equivalents. </B></I>Proskey 1; Doughty 202; McGirk 1A; Clapp 1; EAC 1; <I>Encyclopedia </B></I>1767; PCGS #1513.<BR><B><BR>Variety. </B></I>Pointed 1, knobbed 6. High leaf below right curve of S. The obverse appears on S-270. The reverse appears on 1805 S-268, S-269, and 1806 S-270.<BR><B><BR>Surfaces.</B></I> Intermingled chocolate, steel, and olive surfaces have splashes of lighter tan on each side. Slight abrasions and faint hairlines are evident on the surfaces, consistent with the grade. The reverse has a thin, fresh scratch from the base of T in cent, across the ribbon bows, to the U in UNITED.<BR><B><BR>Die State II. </B></I>Light obverse clash marks, but no evidence of die bulges or cracks.<BR><B><BR>Census. </B></I>Several Mint State and AU examples are recorded in both Census listings.<BR><B><BR>Commentary. </B></I>The 1806 is often called a key-date, and have been for many years. This is due in part to the existence of only one die variety. The variety is common, considered Rarity-1 and one of the most plentiful of the entire early cent series. However, the demand from both date and type collectors has added additional demand, and given the illusion of rarity.<BR><BR>Coinage of cents in 1806 was limited to 341,000 pieces delivered in the first quarter, and 7,000 more in early April. At about that time, the cent press became damaged and was not repaired until early the next year. Director Robert Patterson wrote in his annual report: "It will be observed that but little has been done in the coinage of copper during the last year. This was owing to the cent press requiring a new screw and other repairs, which it was not easy to procure, and besides, it was seldom that a hand could be spared, for this purpose, from the more urgent business of the Mint."<BR><BR><B>Provenance. </B></I><I>Stack's (1/1980); Superior (5/2004), lot 111.</B></I><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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