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Lot
30021

1793 1C Wreath Cent, Vine and Bars MS68 Brown PCGS. S-8, B-13, R.3. Our EAC Grade MS63. ...

2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213

 
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Auction Ended On: Jun 23, 2014
Item Activity: 8 Internet/mail/phone bidders
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Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:

1793 S-8, B-13 Wreath Cent, MS68 Brown
The Finest Known Sheldon-8 Cent
The 1991 Noyes Plate Coin
1793 1C Wreath Cent, Vine and Bars MS68 Brown PCGS. S-8, B-13, R.3. Our EAC Grade MS63. Housed in a green-label PCGS holder, this boldly defined Wreath cent has nearly flawless golden-brown and steel surfaces, with traces of faded orange mint color on the reverse. Faint bluish overtones add to the eye appeal of this Superb Gem specimen.

Variety: Sheldon-8, Breen-13. Breen's Die State II with a diagonal bisecting crack through the wreath, faintly reaching the first T in STATES and the final A in AMERICA. In October 2000, the Goldberg cataloger was confused and called this piece S-9 in the headline and S-8 in the description. It now appears on their website with the incorrect S-9 attribution.

Population Data (5/14): PCGS has certified three high-grade Wreath cents. An example of Sheldon-5 is certified SP68 Red, this example of S-8 is graded MS68 Brown, and an example of S-9 is graded MS69 Brown. All other Wreath cents pale in comparison.

Heritage Commentary: Bill Noyes grades this piece MS63 with Choice surfaces and places it in the top spot in his census, ahead of the Naftzger duplicate, which he grades AU55 and calls second finest. Del Bland concurs with the MS63 grade and also calls it finest known, ahead of the Eliasberg coin, which he grades MS60. The advanced collector who seeks the finest known has waited 14 years for this coin to appear again and is advised not to miss this opportunity. This is only the fifth public auction appearance of this piece in the last century, trading three other times in private transactions.

In 1910, Thomas Elder called this coin "A prize." In 1945, the J.C. Morgenthau catalogers, Wayte Raymond and James Macallister, wrote: "Has all the qualifications of a Proof except the mirrorlike surface." The Stack's cataloger in 1984 called this cent a coin of "paralyzing beauty." The cataloger for Bowers and Merena in 1998 used the word "Spectacular" to describe this cent.

Provenance: Robert Leslie; Peter Mougey; William H. Woodin; Thomas L. Elder (9/1910), lot 5; Dr. George P. French (privately); Howard Rounds Newcomb (J.C. Morgenthau & Co., 2/1945), lot 8; Floyd T. Starr (Stack's, 6/1984), lot 13; R.E. Naftzger, Jr.; Eric Streiner; Jay Parrino; Bowers and Merena (8/1998), lot 16; Goldberg Coins (10/2000), lot 1394.(Registry values: N14284) (NGC ID# 223H, PCGS# 1347)

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