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

2276

1807 1C Comet. MS64 Brown PCGS. S-271, B-1, R.1

Currency:USD Category:Coins & Paper Money / US Coins Start Price:6,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1807 1C Comet. MS64 Brown PCGS. S-271, B-1, R.1
<B>1807 1C Comet. MS64 Brown PCGS. S-271, B-1, R.1.</B></I> <B>Bland AU50; tied for CC-9. Noyes AU50; tied for CC-9. Photo #35053. Our EAC Grade AU55.<BR><BR>Equivalents. </B></I>Proskey 3; Doughty 205; McGirk 4A; Clapp 1; EAC 1; <I>Encyclopedia </B></I>1770; PCGS #1531.<BR><B><BR>Variety. </B></I>Blunt 1 close to curl. Usually "comet" break. Leaf point below upright of D. The obverse appears on S-271. The reverse appears on S-271, S-272, and S-273.<BR><BR><B>Surfaces.</B></I> Both sides of this amazing piece have brilliant olive and gold over frosty mint luster. Splashes of lighter tan are faded from original red. The reverse has a small area of darker steel toning at TED. A few old hairline scratches are evident in the left and right obverse fields, while the reverse is essentially flawless.<BR><BR><B>Die State V. </B></I>An intermediate die state with advanced obverse clash marks and die flaws, but no noticeable bulges. There is no apparent die deterioration on the reverse.<BR><BR><B>Appearances. </B></I>The Breen plate is misidentified as this coin.<BR><BR><B>Census. </B></I>The finest examples of this variety include five Mint State coins and three AU55's, followed by this example and several other AU50's.<BR><BR><B>Commentary. </B></I>It is unknown who originated the term Comet variety for this obverse, or when, but it may have been the Chapman brothers in the 1890s. In the December 1895 catalog of the Winsor Collection, the Chapman brothers referred to an example as the "1807 Comet variety," possibly the first appearance of the nickname in print.<BR><BR><B>Provenance. </B></I><I>Louis E. Eliasberg, Sr. (Bowers and Merena, 5/1996), lot 528, $10,120.</B></I><BR><BR><B>Personality. Louis E. Eliasberg, Sr.</B></I> (1896-1976) was born in Selma, Alabama, and moved with his family to Atlanta (circa 1900) and Baltimore in 1907. He remained in Baltimore for the rest of his life. Eliasberg formed the Finance Company of America in 1919. Known as the King of Coins, he was the first and only person ever to form a complete collection of all date and mintmark issue U.S. coins known to exist at the time. The Eliasberg Collection has been sold in several sales including Bowers and Ruddy in 1992, Bowers and Merena in 1996 and 1997, American Numismatic Rarities in 2005, and Heritage in 2007.<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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