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Lot
1792

1803 1C Large Date, Small Fraction, S-264, B-24, High R.4--Corroded, Scratched--NCS. AU Details....

2008 May Long Beach, CA Signature Auction #1108

 
Sold for: $9,775.00 (includes BP )
Bid Source: Live: Floor bidder
Auction Ended On: May 29, 2008
Item Activity: 7 Internet/mail/phone bidders
1,543 page views
Description:
Famously Rare 1803 Large Date, Small Fraction
S-264, AU Details
1803 1C Large Date, Small Fraction, S-264, B-24, High R.4--Corroded, Scratched--NCS. AU Details. Breen Die State II with a diagonal crack through the fraction bar and a descending crack from the second T in STATES. S-264 is the sole 1803 die marriage that pairs a Large Date obverse with a Small Fraction reverse. S-264 is only moderately rarer in lower grades than the less famous Large Date, Large Fraction variety, S-265. But S-264 is decidedly rare than S-265 in VF or better. Walter Husak's example of S-265, a VF20 PCGS, realized $48,875. The heavy crack on the reverse between 9:30 and 1 o'clock caused that die to be short-lived.
Breen believed that S-264 was the final 1803-dated variety struck. One reason to suspect this, apart from any die emission study, is that the Large 3 was also used on the common BB-255 1803 dollar, which is likely the variety that constituted the 1804 delivery of that denomination. A generation later, that delivery caused mint officials to strike novodel 1804 dollars, unaware that none with that date previously existed.
According to the Breen large cent Encyclopedia, the present S-264 example was cherrypicked from an antique dealer in Vermont in April 1993 by Gerald Silbert of Marblehead coins. It next emerged as lot 2057 in Bowers and Merena's November 1994 Massachusetts Historical Society sale, and was later sold to Peter Boisvert. It was also offered in Heritage's April 2001 Central States Signature, as lot 7043.
This dark brown example certainly ranks among the sharpest S-264s. The die lines on Liberty's cleavage are plainly visible. Verdigris is present in selected areas, particularly on STATES, and minute pitting is scattered. The reverse is relatively unabraded, but there are scratches through LIB and on the hair above the ear, and the right obverse field has a few pinscratches. Despite its NCS designations, this is a desirable example of this Guide Book subtype stopper. EAC 20. (#36410)

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Rasmussen Special Edition Catalog
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Large Cents, 1803 1C Large Date, Small Fraction, S-264, B-24, High
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