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1838 N-8 R1 MS63

Currency:USD Category:Coins & Paper Money / US Coins Start Price:725.00 USD Estimated At:1,500.00 USD and UP
1838 N-8 R1 MS63
1838 N-8 R1 MS63. Highly lustrous dark bluish steel and olive with original mint color covering the protected areas on both sides, at least 15% of the mint red remaining. Has to be close to a Red & Brown designation. The only marks are a tiny planchet lamination at the dentils over star 4 and a thin nick on the bust over the first 8 in the date, plus a spot of reddish brown toning left of the bottom of star 11. Sharply struck EDS with crisp recutting on RIC in AMERICA. Great eye appeal, and it comes with a highly coveted provenance. Called MS63 and tied for CC#2 in the Noyes and Bland census lists, Noyes photo #28701 (CC#1 is in the ANS Museum). Removed from a PCGS slab graded MS65BN (PCGS label included, and it shows the attribution and Naftzger provenance).
Estimated Value $1,500-UP.

Provenance: Ex Howard R. Newcomb, J. C. Morgenthau 5/16/45:695-Floyd T. Starr, Stack's 6/13/84:363-R. E. Naftzger, Jr., McCawley & Grellman Auctions/Goldbergs 2/1/2009:422, The Northwest Collection.