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Lot 2047 |
1792 1C Washington Roman Head Cent PR61 Brown PCGS....
2008 May Long Beach, CA Signature Auction #1108
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Bid Information
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The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
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A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
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| Sold for: |
$92,000.00
(includes BP  ) Bid Source: Live: Floor |
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| Make Offer: |
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| Auction Ended On: | May 29, 2008 | |
| Item Activity: |
9 Internet/mail/phone bidders
7,896 page views |
Description:
Very Rare 1792 Roman Head Cent
PR61 Brown, Baker-19
1792 1C Washington Roman Head Cent PR61 Brown PCGS. Baker-19, Breen-1249, R.6. The notoriety of the famously rare Roman Head cent was enhanced by Breen's description of its history in his Encyclopedia. Young engraver John Gregory Hancock of the private Westwood Mint in Birmingham, England is credited as designer. Hancock and Westwood created several Washington patterns between 1791 and 1792 in an attempt to secure a Federal coinage contract with the nascent American government. These patterns came to naught when President Washington decided upon a Federal mint. Per Breen, Hancock sought revenge through his engraving talents by portraying Washington "as a degenerate, effeminate Roman emperor." The issue was then suppressed for decades, "lest it become an 'international incident.'"Such a story is "pure Breen" in that the author was known to embellish the facts if it made the history more compelling. A contrarian viewpoint, expressed in the Stack's November 2006 Norweb catalog, is that Hancock was instead showing his admiration for the much-heralded President Washington.
Regardless of Hancock's motive, the Roman Head cent was a well-engraved and well-made issue. The present piece has a needle-sharp strike, its centering is excellent, and the fields are unperturbed by planchet imperfections. Light tan toning at the centers gradually cedes to dusky mahogany near the rims. Despite the PR61 grade, there is no evidence of hairlines, scratches, or spotting, or other detriments. The eye appeal should please even the jaded specialist.
The Roman Head cent is among the most desirable Guide Book Washington types. Rulau and Ford (1999) state, "about 20 specimens are known, all but one in proof." Breen (1988) comments, "about 12 to 15 known, all proofs (several impaired, one worn - apparently a pocket piece); at least five are impounded in museums. Michael Hodder (2004) knew of only eight examples in private hands.
The great rarity of the Roman Head is confirmed by its paucity of Heritage auction appearances. A VG Details example with rim damage sold for $14,950 in our February 2007 Long Beach Signature, and we have located no prior Heritage lots. The arrival of an unimpaired proof at a Heritage auction is an unprecedented event, and advanced collectors are apprised to bid accordingly. Listed on page 79 of the 2008 Guide Book. Population: 1 in 61, 2 finer (3/08).
From The Liberty Collection of American Colonial Coinage, Part Three. (#731)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1151, Lot 5408 | Sunday, January 9, 2011 | 61 | PCGS | $66,125.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 60 | --- | --- | --- | --- | --- | $70,000 | --- |
| 61 | --- | --- | --- | --- | --- | $80,000 | --- |
| 62 | --- | --- | --- | --- | --- | $90,000 | $92,500 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 0 | |||||
| NGC | 61 | 0 | 0 | 0 | - | ||
| CAC | 61 | 0 | 1 | 1 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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