LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

12630

HB-1 EP-1 Scott 1 1¢ Aerated Bread Choice About

Currency:USD Category:Coins & Paper Money Start Price:3,750.00 USD Estimated At:7,500.00 - 13,050.00 USD
HB-1 EP-1 Scott 1 1¢ Aerated Bread Choice About
<B>HB-1 EP-1 Scott-1 Reed-AB01 1¢ Aerated Bread Choice About Uncirculated.<BR>Numerical grade: 85case.70stamp.85mica. = 240</B></I> An incredible example of a rare and very popular merchant. The case is fully about uncirculated, with over 95% of its original silvering remaining on the back. The silver is missing only from the high points on the letters. The mica is very nearly perfect, with only the most minor of disturbances at its very edge. The stamp is beautifully centered, but it has toned down just a touch. The One Cent is the only collectable denomination for this merchant. Fred Reed shows 56 auction appearances between the years 1891 and 1994, which includes considerable duplication. He lists the piece as an R-7, indicating eleven to fifteen known. The Hodder-Bowers reference agrees, stating "...very rare, with under fifteen different specimens believed to survive." While fifteen known usually does not command a very high premium for an encasement, this Aerated Bread 1¢ is in a different category. It is the only denomination available for the merchant other than the 5¢ (appearing below) which is unique, and no other denominations were produced. We've handled one other Aerated Bread comparable to this piece, and we believe these two to be far and away the finest known.<BR><I>From The Frederick Mayer Collection</B></I><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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