There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid :
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
2038

1797 1C Reverse of 1797, Stems MS65 Brown PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
Sold for: Sign-in or Join (free & quick)
Auction Ended On: Apr 30, 2009
Item Activity: 11 Internet/mail/phone bidders Number of Bidders
1,401 page views
Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Watch our video about this lot!
Delightful 1797 Large Cent, MS65 Brown
S-135, From the Nichols Find
1797 1C Reverse of 1797, Stems MS65 Brown PCGS. S-135, B-5, High R.3. Several hundred high grade examples of 1796- and 1797-dated large cents exist today, due to the activities of Benjamin Goodhue and his descendants. Numismatic lore relates Goodhue, a congressman from 1789-1796 and a senator from 1796-1800, purchased a 1,000-piece bag of cents in 1797 directly from the Mint. Goodhue's daughters reportedly inherited this hoard of cents when he died in 1814, and the family held the coins for many years.
By the late 1850s, when coin collecting became popular in the United States, the hoard seems to have passed to a gentleman named David Nichols, of Gallows Hill, Massachusetts. Nichols reportedly distributed the coins through various channels during the years between 1858 and 1863, by which time the hoard was completely dispersed.
The story of this numismatic windfall was well known to the collecting fraternity, and early catalogers often referred to Goodhue when a particularly attractive specimen of these dates was sold at auction. For example, an early auction appearance of a 1797 large cent took place in the Fifth Semi-Annual Sale (Woodward, 10/1864), lot 622. Woodward's description reads, "1797 Bright and uncirculated, almost proof, from the Goodhue hoard, now very rare." Later catalogers tended to associate the hoard with Nichols, and it is best known as the "Nichols Find" today.
The cents from the Nichols Find were struck on high-quality planchets manufactured by Matthew Boulton in Birmingham, England. Coins from the Nichols Find have characteristically smooth, glossy surfaces because of these superior planchets. The planchets arrived in April 1797, but the Mint closed for the summer, due to the epidemic of yellow fever, before any of the cents were struck. When the Mint resumed coinage in November, a large mintage of cents was accomplished, including some coins dated 1796. Goodhue must have purchased his bag of cents sometime after November 22, 1797, as this was the first date on which coins were delivered by the coiner.
The present coin is a representative of the S-135 variety, with an evenly spaced date, six berries on each wreath branch, and a wide 100 in the fraction on the reverse. Experts believe approximately 70 examples of S-135 exist in Mint State today. The coin is sharply struck overall, with just a touch of softness on the central hair curls and the high points of the leaves on the reverse. The coin is struck slightly off-center: The dentils are exceptionally long on the lower right obverse and upper right reverse. The surfaces are glossy light brown, with hints of original red around the dentils. A few flakes of obverse porosity are noted. Eye appeal is outstanding. EAC 63. Population: 8 in 65 Brown, 2 finer (2/09).
From The Joseph C. Thomas Collection.(Registry values: N7079) (NGC ID# 2242, PCGS# 1422)

View all of [The Joseph C. Thomas Collection, Part One ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Rasmussen Special Edition Catalog
This hard bound volume contains the magnificent Wes Rasmussen Large Cent Collection, formed by a former President of the Early American Coppers society which was auctioned at the 2005 Florida United Numismatic Auction. Reserve your copy of this remarkable volume for just $75 today.
Rasmussen Signed Limited Edition Catalog
A hard bound limited library edition of the Wes Rasmussen Collection Catalog, signed by Wes Rasmussen, Mark Borckardt, Greg Rohan, and Denis Loring, is available while supplies last. Only 100 produced. Reserve your copy of this remarkable limited edition signed volume for just $150 today.
Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
866,626
bidder-members
$933,827,689
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 2 days left to consign to the 2014 June 5 - 8 LB Expo US Coins Signature Auction - Long Beach!
Learn About Consigning With Us
Your entire organization deserves to be complimented on how professional and cooperative they were.
B.V.E,
San Jose, CA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 March 21 &  23 US Coins Signature Auction - San Francisco
2014 March 21 & 23 US Coins Signature Auction - San Francisco
REALIZED $4,375,539
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED SO FAR $15,013,226
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
REALIZED $305,199