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Lot
3162

1793 1C Wreath Cent, Vine and Bars MS61 Brown NGC. S-5, B-6, Low R.4....

2010 December Houston Signature US Coin Auction #1147

 
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Auction Ended On: Dec 2, 2010
Item Activity: 16 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
1793 Wreath Cent, MS61 Brown
Spectacular Condition Census Example, S-5, B-6
Ex: Clay, Parmelee
1793 1C Wreath Cent, Vine and Bars MS61 Brown NGC. S-5, B-6, Low R.4. The coin offered here is a Wreath cent of surpassing quality that traces its pedigree back to 1871. This example was a highlight in some of the most celebrated early large cent collections, and its status remains undiminished today. Currently, the piece occupies the 9th position in Walter Breen's Condition Census.
The auction history of this specimen begins with lot 700 of the Clay Collection, cataloged by William Strobridge in December 1871. Strobridge described another high quality 1793 cent in the preceding lot, and then reported:

"Another, same date and variety; struck on a planchet with small streaks on rev. side, but a beautiful impression, bearing the fine golden color left by the impression of the dies. A rare and desirable cent."


The present coin is easily recognized from Strobridge's terse description, and many catalogers have echoed his glowing opinion of the piece over the years. The S-5 variety is easily identified by the large letters in LIBERTY, and this specimen is from die state II, with the rim beginning to crumble over LIB. The pleasing surfaces are a glossy brown color, with delightful hints of red still evident on the obverse. A few minor abrasions and planchet voids can be detected on close inspection, none of which affect the grade. Population: 1 in 61 Brown, 25 finer (10/10). MRB AU50. Del Bland XF45.
Ex: Dr. Charles Clay Collection (William Strobridge, 12/1871), lot 700, realized $25; W. Elliot Woodward; Lorin G. Parmelee; Parmelee/Seavey Collection (Strobridge, 6/1873), lot 130, realized $26; William Festus Morgan; Sale Number 287 (Morgenthau, 6/1932), lot 7, realized $47; unknown intermediaries; Wayte Raymond; Sale Number 384 (Morgenthau, 12/1937), lot 335, realized $205; Frank Hussey; 54th Sale (New Netherlands, 4/1960), lot 1337, realized $490; Corrado Romano, unknown intermediaries; ANA Convention Auction (Stack's, 8/1976), lot 221, realized $2,200; Mike Follett Rare Coin Co.; Manfra, Tordella & Brookes; Medio and Gomez Collections (American Numismatic Rarities, 6/2004), lot 4029, realized $31,050.(Registry values: N7079) (NGC ID# 223H, PCGS# 1347)

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