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Lot
3014

1799/8 1C Overdate -- Obverse Repaired -- NGC Details. AU. S-188, B-2, R.4. MRB VF30. ...

2011 September Long Beach Signature US Coin Auction #1159

 
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Auction Ended On: Sep 8, 2011
Item Activity: 16 Internet/mail/phone bidders Number of Bidders
2,640 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1799/8 S-188, B-2 Cent, AU Details
The Brand-Halpern Specimen
Historic Provenance
1799/8 1C Overdate -- Obverse Repaired -- NGC Details. AU. S-188, B-2, R.4. MRB VF30. Breen Die State II, with light obverse and reverse clash marks. There is almost universal agreement among early copper specialists that 1799 is the most famous date of all large cents, thanks in part to early publicity from 19th century collector Joseph Mickley, who, it is said, spent considerable effort attempting to locate an example as representative of his birth year. Although Mint records show a total production of over 900,000 large cents in 1799, it is known that the true mintage of cents bearing the 1799 date was much smaller. However, the true mintage is unknown, and any suggested figures are mere guesswork. Today, we know of just three die varieties, two with a 1799/8 overdate obverse, and the third from a normal date obverse. In all grades, approximately 200 overdate cents and 700 normal date cents are known, almost always in the lower grades.
The surfaces are deep green-black with a glossy obverse and lightly corroded reverse. This piece has the sharpness of a strong XF specimen (AU according to NGC) with a slight flaw at the base of the neck that shows evidence of repair. The reverse shows minor corrosion, consistent with most surviving specimens. This piece was graded VF35 in the Halpern catalog. Del Bland grades this coin VF25 and tied for fifth finest known. While we disagree with his grade, Bill Noyes calls this example net Fine 15 and ninth finest known. This cent is most famous for its provenance.
A New York City restaurant and bar owner, Herman Halpern began collecting coins about 1950 after discovering a Gem 1891 Indian cent in his cash receipts. That was enough to begin collecting, and since that time he has formed world-class collections in many numismatic areas, including large cents, with his main collection offered by Stack's in 1987 and 1988. His large cents came from a variety of sources, including Norman Stack, Harold Bareford, Del Bland, and C. Douglas Smith. Halpern retired from business in 1990 and has expanded his collecting to include U.S. medals and postage stamps. A veteran of the Navy, Halpern served as a salvage diver in the South Pacific during the latter half of World War II.
Ex: Virgil M. Brand; B.G. Johnson (St. Louis Stamp & Coin Co., 3/25/1941); James Kelly (1941); C. David Pierce; Hollinbeck Stamp and Coin Co. (FPL, 1945), lot 24; Roy T. Barnhart (1948); James Kelly; 1950 ANA (James Kelly, 8/1950), lot 1019; F.C.C. Boyd (1957); New Netherlands Coin Co.; New Netherlands Coin Co. (Sale #50, 12/1957), lot 1120; R.E. Naftzger, Jr.; A. Kosoff (10/1959), lot 48; R.E. Naftzger, Jr.; A. Kosoff (10/1961), lot 217; C. Douglas Smith; Dr. David Katz (2/11/1977); Andrew M. Hain; Dennis E. Steinmetz (Steinmetz Coins & Currency); 1980 ANA (Steve Ivy Numismatic Auctions, 8/1980), lot 950; Jack H. Beymer (4/1981); C. Douglas Smith; Herman Halpern (Stack's 3/1988), lot 172; David Bloom (9/1988); John B. MacDonald; Denis W. Loring; Jon Alan Boka.
From The Al Boka Copperheads Collection.

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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.
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