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1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5....

Lot: 2066, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $149,500.00 (includes BP )
Bid Source: Live: Floor
Ended: Feb 14, 2008
Item Activity: 12 Internet/mail bidders
1,321 page views

Description:

The Finest Known 1794 S-64 Missing Fraction Bar Cent

1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5. Bland MS67; CC-1. Noyes MS62; CC-1. Photo #21405. Our EAC Grade MS60+.

Equivalents.
Maris 33; Frossard 19.2; Doughty 53; Hays 46; McGirk 6-F; Ross 28-FF; Chapman 48; EAC 53; Encyclopedia 1666; PCGS #911374.

Variety.
Shielded Hair, the left border is deep. Missing Fraction Bar. The obverse appears on S-64, S-65, and NC-6. The reverse appears on S-64. Lettered Edge, leaf points up.

Surfaces.
Attractive medium brown color with hints of blue, retaining traces of faded mint red on each side. The surfaces are prooflike. This lovely piece is sharply struck and well centered, a stunning example.

Die State I.
An early die state with a perfect reverse, before a die crack developed through the D of UNITED. Walter Breen suggested the possibility of an even earlier die state, before the reverse die was lapped. His hypothetical early die state would still have the fraction bar, and "might be taken for a new die."

Appearances. The obverse and reverse are illustrated in Chapman, Early American Cents, Penny Whimsy, Breen's Complete Encyclopedia, and Noyes (1991 and 2006).

Census. Both Del Bland and Bill Noyes consider this piece to be the finest known example of S-64, although they differ in their individual grade assessment. One other piece may or may not grade Mint State, with a few examples known in the AU grade range.

Commentary. The S-64 is a distinct "major variety" that is listed in the Guide Book, and it remains quite scarce with only about 60 to 70 examples known in all grades.

Dr. Maris did not have a distinct name for this variety, and in his first (1869) edition, he made no mention of the missing fraction bar, although he did describe this feature in his second (1870) edition.

Provenance. John G. Mills (Chapman Brothers, 4/1904), lot 1243, $36; George H. Earle, Jr. (Henry Chapman, 6/1912), lot 3386, $65; Clarence Bement (Henry Chapman, 5/1916), lot 296, $116; Howard R. Newcomb (J.C. Morgenthau, 2/1945), lot 61, $140; Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (8/1992); Dr. Allen Bennett (2001).

Personality. John G. Mills was a resident of Albany, New York, who formed an impressive numismatic cabinet that included 160 large cents. The Chapman brothers sold his collection in April 1904. (#35708)

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Rasmussen Special Edition Catalog
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Rasmussen Signed Limited Edition Catalog
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Guides and Pricing Information:


Previous Prices from Heritage Auctions

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Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
64 --- --- --- --- --- ---
65 --- --- --- --- --- ---
66 --- --- --- --- --- ---
*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 65 1* 0* 2 0  
NGC 65 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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Photographs:



Large Cents, 1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5....


Large Cents, 1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5....


Large Cents, 1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5....


Large Cents, 1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5....

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