1797 1C Reverse of 1797, Stems. NC-7, B-30, R.8--Environmental Damage--NCS. VF Details. VG8 EAC. This unique variety was di...
Lot: 19336,
Auction: 2006 January Dallas, TX The Jules Reiver Collection Signature Auction #390
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Unique Reiver Discovery 1797 NC-7 Cent
1797 1C Reverse of 1797, Stems. NC-7, B-30, R.8--Environmental Damage--NCS. VF Details. VG8 EAC. This unique variety was discovered by Jules Reiver in 1968, and to this day it remains unique. No second example has been found, nor has there been even a rumor of another. Jules Reiver wrote about his experience in the November 1968 issue of Penny-Wise, page 216:"Not too long ago I was attributing a 1797 large cent which grades almost Fine. The date is close. The planchet is dark and reasonably smooth. All of the devices and legends are sharp except 97, the point of the bust, UN of UNITED, and OF. In these areas the dies are obviously clashed or sinking. Evidence of die clashing is plainly seen from the neck to the jaw, in front of the eye, and behind the head. There is a triangular break through the T toward the R in LIBERTY. The R has a straight tail. On the reverse, there are five berries on each side of the wreath. There are stems, the right of which, if extended, would touch the left tip of A and bisect the C; and there is an engraver's mark from the fraction to the right ribbon. A curved break extends from the top serif of the crossbar in the E of AMERICA and passes through the uppermost serif of the E towards the R.
"Looking through the key (Table 12) in Penny Whimsy, I eliminated all varieties for attribution except the S-141. The reverse on my coin, however, did not match the reverse of the S-141. The tip of the leaf under the D reaches only the upright on the S-141, whereas on my coin the tip of the leaf reached the center of the D. So I was back where I started.
"Next, I studied the plate of each reverse very carefully. As I neared the end of the 1797's, I began to doubt my eyes and my ability. Then I came to Rev. S of the S-142. My coin was a perfect match for it, and the written description fit also. I couldn't understand how I had missed it the first time, until I checked the obverse which was not even close. I went back to the reverse and again checked each plate. There was no doubt about it. My coin was Rev. S.
"Now I began to realize that my coin was possibly a new variety. I very carefully checked each obverse of 1797 to see if the obverse of my coin matched an existing one or was a new die. When I came to Obv. 11 of S-133, I knew that it was the right one. I couldn't see a scratch from the B to the rim as on the S-133, but the V-shaped break through the T to the R clinched it. Obv. 11 is matched only with Rev. J, a stemless variety, in Penny Whimsy, and an Obv. 11-Rev. S combination is not mentioned.
"My specimen is evidently a later striking of Obv. 11. There is a heavy die crack from the rim at the level of the bust, to the lowest point of the neck, and then across the bottom of the neck. Another break starts at the rim below the lowest curl, then runs diagonally upward and to the right through the curls and shoulder towards the other break. I believe that these breaks link up and that the smaller section of the die sinks. The 9 of the date is weak, and the 7 is almost gone. The lower tip of the bust is very weak. The reverse is blank at this point, showing that there was insufficient pressure on stamping. Assuming that my coin represents a new variety, the die mating chart for the 1797's will need to be revised.
"My good friend, George Ramont, an expert on attributing large cents, checked the coin for me. I did not give him my conclusions, but let him attribute the coin one side at a time. He came up with the same results. Next, I showed the coin to Walter Breen who agreed with the attribution and entered the specimen in his notes as NC-7, a unique and new variety of 1797."
This article was immediately followed by a complete discussion of the new variety by Walter Breen. Breen also revised the emission order for this date based on this new discovery. Dark olive surfaces with splashes of steel color at the left obverse. The surfaces have only the faintest corrosion. Die sinking creates the localized weakness at 97 of the date, mentioned by Reiver in his article about this coin. A few tiny areas of bubbly red corrosion are visible on the reverse.
Ex: Carl Wattenbarger (8/1968). Envelope Included.(Registry values: N991) (#1422)
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Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1114, Lot 7168 | Sunday, August 3, 2008 | 20 | ANACS | $276.00 |
| Auction 455, Lot 7123 | Wednesday, January 16, 2008 | 20 | NGC | $488.75 |
| Auction 454, Lot 198 | Saturday, January 12, 2008 | 20 | PCGS | $1,150.00 |
| Auction 443, Lot 7017 | Tuesday, July 17, 2007 | 20 | ANACS | $632.50 |
| Auction 435, Lot 7051 | Monday, May 14, 2007 | 20 | ANACS | $276.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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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 |
||
|---|---|---|---|---|---|---|---|---|
| 15 | --- | $798 | $665 | $613 | $613 | $650 | ||
| 20 | $1,500 | $1,110 | $925 | $850 | $850 | $1,150 | ||
| 25 | --- | $1,208 | $999 | $920 | $920 | $1,350 | ||
| *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 | 20 | 12* | 137* | 205 | 897,510 | Robert Scot |
| NGC | 20 | 4 | 75 | 100 | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries. | ||||||


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