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Lot
5519

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

2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208

 
Sold for: Not Sold
Auction Ended On: Aug 7, 2014
Item Activity: 7 Internet/mail/phone bidders
350 page views
Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:

1793 Wreath Cent, MS61 Brown
Spectacular Condition Census Example, S-5, B-6
Ex: Clay, Parmelee
1793 1C Wreath, Vine and Bars Edge, S-5, B-6, R.4, MS61 Brown NGC. 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 ninth position in Del Bland's Condition Census with his grade of XF45.

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 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. Our EAC grade AU50.
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; Houston Signature (Heritage, 12/2010), lot 3162. (Variety PCGS# 35447, Base PCGS# 1347)

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