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1739 COPPER Higley Copper, Broad Axe Good 4 PCGS. CAC. Breen-244, Freidus 3.2-D, W-8265, R.7. ...
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Sold on Sep 7, 2017 for:
$38,400.00
Bid Source: Internet bidder
Description
1739 Freidus 3.2-D Higley Copper, Good 4
Probably Only Seven Other Pieces Known
1739 COPPER Higley Copper, Broad Axe Good 4 PCGS. CAC.
Breen-244, Freidus 3.2-D, W-8265, R.7. 177.8 grains. This
unique reverse type is identifiable as Reverse D by the presence of
the date, 1739, just faintly visible below the blade of the axe.
The presence of a date on these pieces is another curiosity in the
Higley series. Samuel Higley was lost at sea in May 1737, while
delivering a load of copper ore to England. His will was entered
into court records on June 7, 1737. So who exactly struck these
pieces? Once again, we are left with only speculation. Some have
claimed his older brother, John, Jr., struck them. It could just as
likely have been one or several of Samuel Higley's business
associates. All we know for sure is that they were minted in
Connecticut in 1739.Among the canon of stories and oral traditions associated with Higley coppers is one related by Sylvester Crosby and only recently debunked by Daniel Freidus. This legend claims that early 19th century goldsmiths used Higley coppers as copper alloy in jewelry because of the "fine quality of the metal of which they were composed." Freidus conducted metallurgical analyses on Higley coppers and other contemporary copper coins from America and England, and found no significant difference in the purity of the copper. All were over 95% pure, and most were 98% to 99% pure copper. Crosby related the story of their use by goldsmiths as a way to explain the extreme rarity of Higley coppers, even in the 1870s. Today their rarity is widely recognized, and only seven other examples were recorded of this variety on Freidus' roster from 20 years ago.
This is a heavily, although not atypically, worn example of a Higley copper. The obverse clearly shows the deer, the words VALUE PLEASE, the denomination below the deer, the curved lines below the deer and the five-pointed star. The reverse shows a faint outline of the broad axe. Of all the peripheral devices on the reverse, only the date shows plainly. Nevertheless, the surfaces are even brown and undamaged, unlike many Higley coppers.
Coin Index Numbers: (NGC ID# AUAZ, PCGS# 219, Greysheet# 56)
Auction Info
2017 September 7 - 10 Long Beach Expo US Coins Signature Auction - Long Beach #1259 (go to Auction Home page)
Auction Dates
September, 2017
7th-10th
Thursday-Sunday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 1,898
Buyer's Premium per Lot:
20% of the successful bid per lot.
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