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Lot
3002

1793 1C Wreath Cent, Lettered Edge AU55 PCGS. S-11c, B-16c, Low R.3. MRB XF45....

2011 September Long Beach Signature US Coin Auction #1159

 
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Auction Ended On: Sep 8, 2011
Item Activity: 15 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1793 S-11c, B-16c Wreath Cent, AU55
Lettered Edge Subvariety
From the Eliasberg Collection
1793 1C Wreath Cent, Lettered Edge AU55 PCGS. S-11c, B-16c, Low R.3. MRB XF45. Ex: Eliasberg-Boka. Breen Die State III with extensive and remarkable clash marks in the right obverse field. The Low R.3 rating indicates that 400 to 500 of these S-11c Wreath cents survive in all grades, with the Boka specimen easily in the top 10. For comparison, about 150 examples survive of the other Lettered Edge subvariety, S-11b. Including all varieties, approximately 2,000 Vine and Bars Edge Wreath cents exist today.
Most Wreath cents carried the same Vine and Bars edge device that appeared on the Chain cents. However, the final die marriage had some pieces struck on Vine and Bars planchets, and others struck on Lettered Edge planchets, the latter having two variants with two leaves or one leaf following the lettering. The S-11 die combination is placed at the end of the Wreath cent emission sequence, since similar lettered edge planchets were used for the Liberty Cap cents. All of the S-11a cents, those with the Vine and Bars edge, are in earlier die states than the S-11b or S-11c coins. Die states for S-11b and S-11c are the same, and that tells us that the Lettered Edge planchets were mixed together before striking. It is likely that the supply of Vine and Bars planchets was exhausted before the Lettered Edge pieces were coined.
A splendid yellow-brown example, this specimen has a short planchet flaw across Liberty's cheek, providing positive identification of its provenance. That single planchet flaw is the only blemish on either side of this lovely cent. The piece is somewhat imperfectly centered, with a wider border at the upper obverse and lower reverse. The surfaces are spectacular for the grade. This coin was called AU50 in the Eliasberg catalog and XF40 in Noyes. This is one of just three S-11c cents in the 2005 Noyes Census with surfaces called better than average. The Eliasberg coin holds the ninth spot in the Noyes census.
Dubbed the "King of Coins," Louis E. Eliasberg, Sr., was born in Selma, Alabama, in 1896, moved with his family to Atlanta circa 1900, and to Baltimore in 1907. It was there that he made his home. Eliasberg formed a complete set of U.S. coins, including every date and mintmark combination in all denominations that were known to him. He also formed remarkable collections of Colonial and Territorial coins, patterns, paper money, and world coins. Eliasberg passed away in 1976, and the first sale of material from his collection was held in 1982, when his Federal gold coins were sold. The balance of his U.S. coins was sold in 1996 and 1997, and additional items have been offered in several sales since that time.
Ex: Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Merena, 4/1996), lot 489; Walt Husak (4/1997); Jon Alan Boka.
From The Al Boka Copperheads Collection.(Registry values: P4) (NGC ID# 223J, PCGS# 1350)

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