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Lot
2076

1795 1C Lettered Edge. MS65 Red and Brown PCGS. S-74, B-2, Low R.4....

2008 February Long Beach, CA Signature Coin Auction #460

 
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Auction Ended On: Feb 15, 2008
Item Activity: 12 Internet/mail/phone bidders
1,965 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103 B,C

Description:
Gem Red and Brown 1795 S-74 Cent
1795 1C Lettered Edge. MS65 Red and Brown PCGS. S-74, B-2, Low R.4. Bland MS65; tied for CC-1. Noyes MS65; CC-1. Photo #21409. Our EAC Grade MS65.

Equivalents.
Proskey 4; Doughty 68; McGirk 3A; Clapp-Newcomb 2; EAC 2; Encyclopedia 1672; PCGS #1378.

Variety.
Top of the 5 is buried in the bust. Single leaves at IT and CA. The obverse appears on S-74 and S-75. The reverse appears on S-73 and S-74. Lettered Edge.

Surfaces.
This is an amazing example with considerable original mint red color over medium brown surfaces that exhibit traces of pale blue toning. Original mint red color is even visible within the edge lettering! Aside from typical planchet imperfections not struck out when this piece was minted, there are no blemishes of any sort. It is essentially a flawless Gem early cent.

Die State VII.
Reverse die cracks encircle the entire legend, most quite heavy. Minor clash marks are visible in the left branch of the wreath and below STATES OF.

Appearances.
The obverse and reverse are illustrated in Breen's Complete Encyclopedia and in Noyes (1991 and 2007).

Census. The finest known example of the S-74 cent, this Gem is tied with one other example as finest in Bland's Census. There are two other Mint State coins, a single AU-50, and numerous XF pieces. Both Gem Mint State pieces were owned by R.E. Naftzger, Jr., after his purchase of the Sheldon Collection in 1972. Naftzger chose to retain this piece as the finer of the two.

Commentary. Del Bland notes in his Census that Carl Wurtzbach considered this coin to be "the most valuable 1795 cent."

Provenance. Virgil M. Brand; Carl Wurtzbach (1935); Charles R. Mathewson (1953); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner; Jay Parrino; Superior (5/1999), lot 1465, $26,450.

Personality. Charles R. Mathewson was a postman who resided in Providence, Rhode Island. It is said that many of his large cents were acquired from his rural postal patrons. Copley Coin Company sold his collection on a private basis. (Variety PCGS# 35715, Base PCGS# 1378)

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Rasmussen Special Edition Catalog
This hard bound volume contains the magnificent Wes Rasmussen Large Cent Collection, formed by a former President of the Early American Coppers society which was auctioned at the 2005 Florida United Numismatic Auction. Reserve your copy of this remarkable volume for just $75 today.
Rasmussen Signed Limited Edition Catalog
A hard bound limited library edition of the Wes Rasmussen Collection Catalog, signed by Wes Rasmussen, Mark Borckardt, Greg Rohan, and Denis Loring, is available while supplies last. Only 100 produced. Reserve your copy of this remarkable limited edition signed volume for just $150 today.
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