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Lot
3561

1794 1C Talbot, Allum, & Lee Cent, Without NEW YORK MS62 Brown PCGS. CAC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 8, 2009
Item Activity: 5 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Finest Certified No NEW YORK
1794 Talbot, Allum, & Lee Cent
MS62 Brown, Only Piece Certified Above XF40
1794 1C Talbot, Allum, & Lee Cent, Without NEW YORK MS62 Brown PCGS. CAC. Fuld-1, Breen-1028. The most important rarity within the Talbot, Allum, & Lee Early American token series. Presumably, the principals of the New York merchant firm objected to the absence of the city, which promptly led to the common Fuld-2 (large ampersand) and Fuld-4 (small ampersand) 1794 New York varieties. The obverse die was also replaced, as it is failing near the OM in COMMERCE and on the figure of Liberty above her feet.
A well-worn example of Fuld-1 can be attributed by the location of Liberty's cap, between the Y in LIBERTY and the ampersand. All other Fuld varieties place the cap beneath the right edge of the Y. Such a diagnostic is unnecessary for the present piece, as it has full design detail along with satin luster and a generous amount of faded mint red within protected areas. Elsewhere, the piece is medium brown and is free from noticeable marks. PCGS has certified just four examples, and the other three are graded XF40. One of those XF40 pieces realized $16,100 in our March 2006 Palm Beach Signature. This coin has never appeared in a U.S. auction previously as it was recently discovered in Europe. None have been certified by NGC. Listed on page 72 of the 2009 Guide Book.
See: Video Lot Description (PCGS# 637)

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