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

2287

1810 1C AU58 PCGS. S-282, B-3, R.2

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,200.00 USD Estimated At:1.00 - 1,000,000.00 USD
1810 1C AU58 PCGS. S-282, B-3, R.2
<B>1810 1C AU58 PCGS. S-282, B-3, R.2.</B></I> <B>Bland AU50; tied for CC-9. Noyes AU50; tied for CC-5. Photo #37373. Our EAC Grade AU50.<BR><BR>Equivalents. </B></I>Proskey 2; Doughty 212; McGirk 2A; Clapp 2; EAC 3; <I>Encyclopedia </B></I>1778; PCGS #1549.<BR><B><BR>Variety. </B></I>E is low and RT are close. Leaf point below right edge of N in UNITED. The obverse appears on S-282. The reverse appears on S-282. The reverse die is rotated about 30 degrees clockwise.<BR><B><BR>Surfaces. </B></I>A beautiful and lustrous piece. The upper obverse has dark brown color, with frosty tan faded from original red below. The reverse has similar colors intermingled upon the surfaces. The reverse has a minor planchet lamination near the border at CA. Each side has a few microscopic surface marks, noticeable only in the left obverse field and below the ribbon bow on the reverse.<BR><B><BR>Die State III. </B></I>An extremely faint crack (Breen Die State II) joins the inner points of stars 10 and 11, and another joins the outer points of stars 2, 3, and 4. Breen incorrectly described these cracks as extensions from each star to the rim. Heavy flowlines have diminished the appearance of clash marks on each side. The raised ridge along the dentil tips above (Breen and Smith both incorrectly state "below") TES OF extends left over STA, and right nearly to the first A. Extremely heavy flowlines extend up from the tops of TES OF and actually cut through the raised ridge. There is no evidence of the obverse bulge that appears in later die states.<BR><BR><B>Appearances. </B></I>The obverse and reverse are illustrated in Breen's <I>Large Cent Encyclopedia</B></I>.<BR><BR><B>Census. </B></I>Only two Mint State pieces and four AU coins are known, with the top 20 extending down to VF20, according to Bill Noyes.<BR><BR><B>Commentary. </B></I>The reverse flowlines over TES OF are as heavy as any seen on a Classic Head large cent. It is surprising that no previous catalogers (including us in 1994) mentioned these flowlines in their descriptions of this coin. Of course, only avid specialists actually care about such things.<BR><BR>It appears that the commercial grading standards employed by PCGS may have changed over the last 14 years. In our August 1994 ANA sale, this coin was certified by PCGS as MS63 Brown. Today, the same service has graded the coin just AU58. The prospective bidder may wish to keep this in mind, as we expect the coin to realize much more than an "AU58 price."<BR><BR><B>Provenance. </B></I><I>Dorothy Paschal (1973); Robinson S. Brown, Jr. (Superior, 9/1986), lot 418, $1,595; Anthony Terranova; Herman Halpern (Stack's, 3/1988), lot 269, $2,035; Julian Leidman; Martin Paul; Jack H. Beymer; Heritage Rare Coin Galleries; 1994 ANA Sale (Heritage, 8/1994), lot 6182.</B></I><BR><BR><B>Personality. </B></I>A professional numismatist in Silver Springs, Maryland, <B>Julian Leidman</B></I> has operated his coin business since 1965. He was born in Albany, New York, on October 8. 1946. He served as a director of the Professional Numismatists Guild from 1975 to 1987 and contributes annually to <I>A Guide Book of United States Coins</B></I> (the Red Book). Portions of his personal collection of currency, tokens, and medals were sold by Kagin's in August 1985 and Bowers and Merena in April 1986.<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