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Lot: 2029
Auction: 460   		1794 1C Head of '94. AU50 PCGS. S-27, B-9, R.5. ...
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Sold for: $51,750.00 (includes BP )
Bid Source: Live: Floor
Ended: Feb 14, 2008
  Printable Version of Prices Realized for this Auction
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Census-Level 1794 S-27 Cent


1794 1C Head of '94. AU50 PCGS. S-27, B-9, R.5. Bland XF40; CC-2. Noyes VF30; tied for CC-3. Photo #21237. Our EAC Grade VF35.

Equivalents. Maris 41 (Egeria); Frossard 28; Doughty 61; Hays 25; McGirk 3-D; Ross 16-P; Chapman 19; EAC 12; Encyclopedia 1659; PCGS #901374.

Variety. Buckled obverse die. Single leaf below I in AMERICA covers branch stem. The obverse appears on S-27. The reverse appears on S-27 and S-28. Lettered Edge, leaf points up.

Surfaces. The sharpness is a few points finer with average surfaces that are marred only by two small reverse rim bruises, one over E of UNITED and another over I of AMERICA. Both sides have pleasing light tan color intermingled with considerable maroon patina. The obverse has a small toning spot on Liberty's bust, a convenient identifier.

Die State III. A later die state. This piece has a bulge visible in both the left and right obverse fields, with a crack along the bulge in the left field. It is usually identified by the obverse die bulge and is sometimes called the Buckled Die cent.

Appearances. The obverse is illustrated in Morley as XF40. The obverse and reverse are illustrated in Noyes (2006).

Census. The finest known S-27 has been returned to the ANS. Bland places this example second in his Census and Noyes considers it third best, with XF45 sharpness.

Commentary. Sheldon commented in Early American Cents: "Maris named this obverse Egeria, after the elusive and secretive wife of legendary King Numa of Rome-perhaps because it was hard to find in good condition." Sheldon wrote in Penny Whimsy: "Above VG, the Egeria remains a rare and elusive lady."

Before the planchets could be turned into coins, they had to be annealed and cleaned. Davy reported on improvements that could be made in this area as well. In the following quote, the modern identity of sal enixum is acid potassium sulphate. Oil of vitriol is better known as sulfuric acid, and aqua fortis is now known as nitric acid.

"The metal being cut out it is annealed (that it may receive the impressions designed); by undergoing this process the surface of the copper becomes calcined, from which it must be cleaned, to effect which I find sal enixum is employed, this is neither so powerful or cheap as oil of vitriol, which cleans it full as well; but the most effectual method to perform this is to boil it first until it becomes black in diluted aqua fortis, and afterwards dipping it in some that is stronger. (This observation will also apply to the cleaning the metal when annealed for rolling, only that oil of vitriol will answer for it in this state full as well as aqua fortis.) This will entirely deprive it of all its calx and make it much brighter when finished, and also preserve the polish of the dies better than when it is cleaned by either sal enixum, or oil of vitriol, and on the whole answer better, although it will be rather more expensive."

Provenance. Discovered in England (1970); Lester Merkin (3/1970); R.E. Naftzger, Jr. (New Netherlands, 11/1973), lot 350 $3,200; John W. Adams (1/1975); Denis W. Loring (5/1983); Jack H. Robinson (Superior, 1/1989), lot 44, $16,500; Dr. Allen Bennett (1/1998).

Personality. John Weston Adams is a Boston investment banker, a trustee of the Massachusetts Historical Society, and a fellow of the American Antiquarian Society. Born in Boston on April 2, 1936, Adams was educated at Princeton and Harvard, where he earned an MBA in 1960. His numismatic interests are diverse. He formed a world class collection of 1794 large cents that was sold by Bowers and Ruddy in 1982 through a fixed price list. He edited Monographs on Varieties of United States Large Cents, 1793-1794 and produced a two-volume reference to numismatic auctions conducted in the 19th and 20th centuries. Recently, Adams wrote a comprehensive reference on Indian peace medals of George III. (#35546) View Entire Collection.
Auction Name: 2008 February Long Beach, CA Signature Coin Auction #460
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
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.)

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Item Activity: 10 Internet/mail bidders, 863 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.


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Price Guide*
Grade Coin World
(Coin Values)		 Numismedia
Retail		 Numismedia
Wholesale		 Numismedia
NGC (nmn)		 Numismedia
PCGS (nmp)		 PCGS
Price Guide
45 --- --- --- --- --- ---
50 --- --- --- --- --- ---
53 --- --- --- --- --- ---
*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 50 1* 0* 1 0  
NGC 50 0 0 0
*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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Large Cents, 1794 1C Head of '94. AU50 PCGS. S-27, B-9, R.5. ...

Large Cents, 1794 1C Head of '94. AU50 PCGS. S-27, B-9, R.5. ...

Large Cents, 1794 1C Head of '94. AU50 PCGS. S-27, B-9, R.5. ...

Large Cents, 1794 1C Head of '94. AU50 PCGS. S-27, B-9, R.5. ...

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