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Lot
2036

1795 1C Lettered Edge MS65 Brown PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 15 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Lustrous 1795 S-75 Lettered Edge Cent, MS65 Brown
The Naftzger-Halpern Specimen
1795 1C Lettered Edge MS65 Brown PCGS. S-75, B-3, R.3. Breen Die State IV, but without the triple clash mark beneath S O. Sheldon-75 is the most available Lettered Edge variety for the date, although the Lettered Edge cents of 1795 are scarcer than their Plain Edge counterparts. Even without inspection of the edge, S-75 is immediately identifiable by the lengthy spine from the leaf beneath the T in UNITED. Similar spines from the N in UNITED, the C and T in CENT, the right ribbon end, and the leaf beneath the second T in STATES suggest that the die engraver was not having his best day.
This piece is a splendid golden-brown Gem with shimmering luster and an unabraded appearance. Minute planchet flaws are present on the lower left obverse field and on the field inside the wreath, but they are unimportant and of Mint origin. Two tiny gray spots on the nose serve as an identifier for this high grade representative. The 95 in the date and the T in LIBERTY exhibit slight strike doubling, but the overall strike is exceptional, with no soft areas on the legends, portrait, or wreath. Traces of faded mint red reside in selected recesses, such as between the pole and bust.
A sizeable majority of remaining S-75 cents are dark, rough, and worn, and near-pristine examples are of significant interest to specialists as well as early type collectors. The present coin is among the finest certified examples of the S-75 variety. PCGS has certified seven pieces as MS65 Brown and an additional four coins as MS65 Red and Brown, but none are certified as Red or in grades above MS66 (3/09). Bill Noyes grades this piece MS60 and places in a 12th-place tie in his Census. Del Bland also grades the coin MS60 and places it in a 12th-place tie in his Census. EAC 60.
Ex: John G. Mills (S.H. and H. Chapman, 1904), lot 1246; S.H. Chapman; later, Dr. James O. Sloss (1958); R.E. Naftzger, Jr. (1986); Herman Halpern (Stack's, 3/1988), lot 109; Superior (2/1999), lot 1997; Heritage (1/2007), lot 773.
From The Joseph C. Thomas Collection.(Registry values: N4719) (NGC ID# 223S, PCGS# 1377)

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