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1795 1C Lettered Edge XF45 PCGS. S-74, B-2, Low R.4. MRB XF40....

2011 September Long Beach Signature US Coin Auction #1159

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Auction Ended On: Sep 8, 2011
Item Activity: 14 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802


1795 S-74, B-2 Large Cent, XF45
Lettered Edge Subvariety
The Norweb Specimen
1795 1C Lettered Edge XF45 PCGS. S-74, B-2, Low R.4. MRB XF40. Ex: Norweb-Boka. Breen Die State V, illustrated in the Breen Large Cent Encyclopedia for the earlier Die State III. Sheldon-74 and S-75 are the two commonest Lettered Edge varieties of 1795, and either is a likely candidate for the Guide Book collector who seeks major large cent varieties. Rarity estimates suggest that about 200 examples of S-74 survive in all grades, although this piece has few peers. This variety is second in the 1795 emission sequence, although S-73 and S-74, both from the same reverse die, have intermingled die states. The earliest examples of S-74 were struck before the latest examples of S-73.
Both sides combine lovely light gold and tan with hints of cobalt-blue on the obverse. The surfaces are remarkably smooth and pleasing. Bill Noyes grades this piece VF35 and 10th finest known, calling the surfaces Average Plus, while it is unrecorded in Del Bland's Census of the top dozen examples. It was called XF40 sharpness, net VF35/XF40 in the Norweb catalog, where the cataloger wrote:

"Said to have been purchased from Thomas Elder's sale of the James B. Wilson Collection (October 1908), but this piece does not match the plates of any of the 1795s included in that sale. Only one 1795 large cent was not plated, lot 994, but as that piece was graded Fine we doubt that this piece corresponds to it."

The Norweb Collection is well-known to numismatists, having its formation under the guidance of Liberty Emery Holden and his son, Albert Fairchild Holden in the late 19th and early 20th centuries. Albert Holden's daughter, Emery May Holden, continued the collection for several decades following the death of her father and grandfather, both in 1913. She married R. Henry Norweb, and they pursued their numismatic interest together, becoming clients of several leading dealers worldwide. Bowers and Merena sold the U.S. portion of the collection in three sales conducted in 1987 and 1988, and the Canadian portion in 1996.
Ex: Norweb Collection (Bowers and Merena, 11/1988), lot 2735; Tom Reynolds; Charles L. Wiggins; Thomas Reynolds; McLaughlin and Robinson (9/1989), lot 228; Tom Reynolds (4/1994); Jon Alan Boka. Possibly Ex: James B. Wilson (Thomas Elder, 10/1908), lot 992; Albert Fairchild Holden.
From The Al Boka Copperheads Collection.(Registry values: N1793) (NGC ID# 223S, PCGS# 1377)

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Rasmussen Special Edition Catalog
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