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1794 1C Head of '95. AU53 PCGS. S-72, B-65, R.2....
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Description
Condition Census 1794 S-72 Cent
1794 1C Head of '95. AU53 PCGS. S-72, B-65, R.2. Bland XF45; tied for CC-3. Noyes XF40; CC-5. Photo #22716. Our EAC Grade XF45.Equivalents. Maris 39 (95 Head); Frossard 27; Doughty 59; Hays 56; McGirk 4-L; Ross 35-KK; Chapman 59; EAC 63; Encyclopedia 1670; PCGS #1365.
Variety. Head of '95; the lowest lock ends in a downward point. Leaves over E in ONE are narrow and bent downward. The obverse appears on S-72. The reverse appears on S-72 and NC-3. Lettered Edge, leaf points up.
Surfaces. Medium olive and darker brown surfaces are free of all but the most delicate abrasions or handling marks. Those tiny marks that are present are strictly consistent with the grade. The H and final D are filled with Downing's signature yellow ink.
Die State IV. Both dies are cracked and clashed, with clash marks in the usual locations. The obverse has a nearly horizontal crack through the top of the head, beginning at the border between TY, with a heavy lump along the lower edge of the forelock, the crack extending to the cap. The reverse has a crack from the border through D to the wreath. This crack joins a clash mark from the cap, and the combination causes a tiny area in the field just below the D to sink, forming a slight retained cud.
Appearances. The obverse is illustrated in Morley as XF45. The obverse and reverse are illustrated in Noyes (2006).
Census. The two finest examples are a single Mint State piece and a pleasing AU coin. Below these, the census drops quickly, with fewer than 10 XF pieces currently identified.
Commentary. As the only "true" Head of '95 variety, S-72 is popular with type and major variety collectors.
On December 27, 1794, James Davy reported to Secretary of State Edmund Randolph on the affairs of the Mint. Frank Stewart called Davy an efficiency engineer. Davy immediately recognized the problems facing the first Mint: "I find the supply of copper has not been regular, that the power now applied is not adequate, nor are many parts of the machinery adapted for performing the work to the best advantage, and the labour is not sufficiently divided."
Provenance. Virgil M. Brand (2/1941); B.G. Johnson (St. Louis Stamp & Coin Co.); Homer Downing (New Netherlands, 1952 ANA), lot 1702, $82.50; Elliot Landau (New Netherlands, 12/1958), lot 110, $140; Dorothy Nelson (Stack's, 2/1976), lot 19, $900; Jesse Iskowitz (Steve Ivy Numismatic Auctions, 8/1983), lot 1160, $2,200; Robert Matthews (Superior, 5/1989), lot 206, $11,000; Dr. Allen Bennett (1/1998).
Personality. Dorothy Nelson purchased certain lots that appeared in the sale of the TAD collection conducted by Stack's in February 1976. Though she was associated with a number of pieces offered at that notable auction, the identity of the actual consignor remained unknown.
Coin Index Numbers: (NGC ID# 223R, Variety PCGS# 35699, Base PCGS# 1365, GSID# 77487)
Metal: 100% Copper
Weight: 13.48 grams
Weight: 0.48oz
Mintage: 918,521
View all of [The Walter J. Husak Collection ]
Auction Info
2008 February Long Beach, CA Signature Coin Auction #460 (go to Auction Home page)
Auction Dates
February, 2008
14th-16th
Thursday-Saturday
Bids + Registered Phone Bidders: 25
Lot Tracking Activity: N/A
Page Views: 1,125
Buyer's Premium per Lot:
15% of the successful bid per lot.
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