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Lot: 3589
Auction: 1121  
1799 1C VF25 PCGS. CAC....
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Ended: Jan 7, 2009
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Remarkable 1799 S-189 Cent, VF25


1799 1C VF25 PCGS. CAC. S-189, B-3, R.2. Although many aspects of the 1799 cent coinage have been and continue to be debated by numismatic scholars, there is universal agreement that it is one of the three famous key-date large cent issues along with 1793 and 1804. Joseph J. Mickley, who was born in 1799, is credited as the "Father of American Coinage" because of the story that surrounds his vain attempt to find a cent from the year of his birth.
Mint records indicate that 904,585 large cents were produced throughout the year, although we know today that nearly every one of those nearly 1 million coins was actually dated 1798. It is impossible to determine with accuracy how many coins struck in 1799 and 1800 were dated 1798, how many were dated 1799, and how many were dated 1800. There is clear die state evidence that proves that the 1799 overdates were struck prior to the last of the 1798 cents. The 1799 normal date coins were probably struck after the 1798 cents, and some of those may have been struck in 1800. Mint records show a total production of 4,706,460 cents during those three years. A total of 78 different die varieties were produced, and analysis of current rarity ratings shows that about 32,000 1798 through 1800 dated large cents still survive. Our analysis suggests the following actual mintages for coins that carry a given date: 3.24 million for 1798; 145,000 for 1799; and 1.32 million for 1800. Like any similar survey, the data is skewed toward the rarer issue, in this case 1799. Because of the value, any 1799, even if barely identifiable, is included in the rarity ratings, while similar quality 1798 and 1800 cents are not included in the rarity figures.
The present piece, with the sharpness of an exceptional coin, has smooth deep olive surfaces with a few faint marks on each side that are consistent with the grade and time in circulation. Faint surface roughness is of little concern. In fact, the surfaces are actually quite smooth for a 1799 cent. Usually they are heavily corroded, and this piece is a wonderful, problem free coin. EAC 15.
Ex: Anthony Terranova (2/2001).
See: Video Lot Description(Registry values: N7079) (#1443)

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Auction Name: 2009 January Orlando, FL FUN Auction #1121
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-6328)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 6 Internet/mail bidders, 790 page views


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 Borckhardt, 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.



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1129, Lot 55 Sunday, September 13, 2009 25 PCGS $25,300.00
Auction 208, Lot 6502 Friday, August 13, 1999 25 PCGS $16,100.00
Auction 1125, Lot 64 Sunday, May 31, 2009 25 NGC $19,550.00
Auction 149, Lot 5018 Saturday, January 6, 1996 25 NGC $9,790.00
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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. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. 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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