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1838 Coronet Head 1C PCGS MS62 BR

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,500.00 USD Estimated At:5,000.00 - 0.00 USD
1838 Coronet Head 1C PCGS MS62 BR
1838 Coronet Head Cent. PCGS graded MS-62 Brown. Very attractive frosty medium brown with steel brown toning on the highpoints and mint luster covering the protected areas. Subtle hints of very faded mint color are bleeding through in a few places on both sides. The only marks that could be used to identify this cent are a very tiny rim bruise just left of the date, a small spot of reddish olive toning at the dentils under the 3, and a light nick slanting through the M & E in AMERICA, plus a tiny planchet flake on the rim over the right side of the first T in STATES, as struck. The usual (and only) die state for the variety. The obverse die is new and sharp while the reverse die is heavily worn from use in the earlier N-11 marriage. Called AU55 and CC#1 in the Bland census. Noyes says EF45 and CC#2, his photo #25835. Removed from an NGC slab graded MS62BN (NGC label included). This is the discovery coin, first identified by Walter Breen in 1959, and is the Wright plate coin as well. Our grade is AU50 Plus. Pop 1; The only one graded at PCGS for the variety. DWH #2636 (PCGS # 37219) .
Estimated Value $5,000-UP.

Provenance: Ex Walter Breen 1959-Robert Bashlow 8/24/59-Floyd T. Starr, Stack’s 6/13/84:373-Wes Rasmussen, Heritage 1/13/05:3709 (the attribution and Rasmussen provenance are noted on the NGC label).