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Attractive S-12 Liberty Cap, "The Aristocrat Of Cents"

1793 1C Liberty Cap Good 4 NGC. VG7 EAC. S-12, Die State III, Low R.6. The lower numeric grade assigned by NGC is no doubt due to the considerable weakness on the reverse, resulting from the original production of these coins. This rare Liberty Cap cent is distinguished by the L in LIBERTY almost touching the beads, two beads over the I in LIBERTY, and a high center reverse. The latter characteristic one has to take on faith on this piece as the center of the reverse is essentially devoid of details as the coin was struck from a later die state. Only two reverse dies were used for all the 1793 Liberty Cap cents. This reverse is most easily identified by a single leaf below OF. The other reverse has a triplet at this location. This variety was discovered by William Fewsmith in October 1869, and it is thought that about 800 pieces were struck. Sheldon commented at length on the lack of reverse details and speculated that, "The defect in the die possibly accounts for the shortness of its life, or the paucity of its use." Unlike many of the known examples of this variety, this piece shows little of the streakiness seen on the flan of many S-12s. A spidery planchet crack is seen from the obverse rim at 3 o'clock into the eye of Liberty, and another shorter crack crosses Liberty's nose. Moderate porosity is seen in the fields where deeper brown color can also be seen, while the highpoints have a lovely deep tan patina. Sheldon commented, "probably just about 20 examples of this aristocrat of cents are known." Today, closer to 30 examples of this variety are known. Sheldon gave a similar aristocratic title to the 1793 S-15, discussed below.
From a collection formed prior to 1950; John M. Foreman, Sr.; Stack's (1/93), lot 1078.(#1359) (Registry values: N1793) (NGC ID# 223L, PCGS# 1359)

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Auction Dates
January, 2005
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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 Borckardt, 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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