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

2295

1812 1C Small Date. AU58 PCGS. S-290, B-2, 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
1812 1C Small Date. AU58 PCGS. S-290, B-2, R.1.
<B>1812 1C Small Date. AU58 PCGS. S-290, B-2, R.1. </B></I> <B>Noyes XF40; tied for CC-15. Photo #39142. Our EAC Grade AU50.<BR><BR>Equivalents. </B></I>Proskey 3; Doughty 219; McGirk 3A; Clapp 3; EAC 2; <I>Encyclopedia </B></I>1783; PCGS #1561.<BR><B><BR>Variety. </B></I>Small date, 181 close, 12 wide. Leaf below right side of C in AMERICA. The obverse appears on S-290. The reverse appears on S-290.<BR><B><BR>Surfaces. </B></I>Mostly dark brown color on the obverse is interrupted by peripheral golden-tan, faded from original mint red. Much of the reverse has similar golden-tan color, interspersed with darker brown. Frosty mint luster is visible on both sides, broken only by a hint of wear on the highpoints. A few faint scratches on the obverse are blended with the surrounding surfaces and invisible without magnification. Unevenly struck, with considerable weakness at the upper left obverse and lower left reverse. All remaining details are bold.<BR><B><BR>Die State III. </B></I>Breen's die states for this variety are not definitive. Although he described a fourth die state, most of the text is repeated. For Die State III, Breen writes in part: "Flowlines. Reverse has vertical lapping marks at ITED STA." For Die State IV, the brief description is: "Heavy flowlines. Vertical lapstone marks at ITED STA." The present specimen has no visible lapping marks, but the flowlines are heavy, especially on the reverse. TES OF are merged with the heavy rim inside the dentils, and several other letters are extended to the rim by the flowlines. The flowlines have likely obscured the lapping marks.<BR><BR><B>Census. </B></I>Bland records 10 Mint State examples of S-290, but Noyes considers just six pieces to be Mint State. Although each person has his own opinion, we believe the Noyes XF40 grade is much too conservative.<BR><BR><B>Commentary. </B></I>According to our January 2002 description of this coin where it was offered uncertified, it has been given the identical AU58 grade by PCGS on two different occasions.<BR><BR><B>Provenance. </B></I><I>Andrew M. Hain; Dennis Steinmetz; 1980 ANA (Steve Ivy, 8/1980), lot 972, $3,200; Robert Schick; Heritage (1/2002), lot 5353, $2,300.</B></I><BR><BR><B>Personality. Steve Ivy</B></I>, born in 1949, began collecting coins as a youth in 1958, and first advertised coins for sale in the <I>Numismatic Scrapbook</B></I> as a 13-year-old in 1963. By the time he was 20, Ivy had opened a full-time coin business, Steve Ivy Rare Coins, in downtown Dallas. In 1976 he conducted his first auction. The business continued to grow, and eventually became Heritage, a partnership formed with James Halperin in 1983. Today, Ivy heads the management team of Heritage, primarily targeting the sales and marketing part of the business. He is a past president of the Professional Numismatists Guild (PNG) and the past chair of the Industry Council for Tangible Assets. An avid collector of "all things Texas," Ivy has held board positions with the Texas Historical Foundation and the Dallas Historical Society. He is also the finance chair of Phoenix House of Texas.<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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