1797 1C Reverse of 1795, Plain Edge AG3 NGC. Good 5 EAC....
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|Auction Ended On:||Jan 13, 2005|
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|Location:||Fort Lauderdale, FL|
Census Level 1797 S-121a Cent Rarity1797 1C Reverse of 1795, Plain Edge AG3 NGC. Good 5 EAC. S-121a, Die State IV, R.6. The 1990 EAC Convention sale had two different examples of this subvariety, the other in lower grade. Fewer than 20 are known in all grades with the finest just VG10. This subvariety was once controversial; however, today it is absolutely legitimate and important. Several prominent copper specialists of the 1940s, including Clapp, Newcomb, Hines, and others, felt that the few known examples failed to provide evidence of a true sub-variety. Sheldon even felt that some of those coins had their edges turned down on a lathe, or that others were mint errors, much like the 1794 cents without edge lettering. Today, we have the evidence to label these a true sub-variety. These are called by some "Beaded Edge" coins and show raised pellets, some nearly round and others elongated, on the edge. This provides evidence that they were neither turned down on a lathe nor that they are mint errors. This example is far above average for the grade with splendid surfaces and lovely light brown color. The obverse has all major details visible while the reverse has considerable peripheral weakness.
Ex: Purchased unattributed by Jan Edeburn in September 1989 at Montgomery, Alabama; 1990 Early American Coppers Sale, lot 40.(#1419)(Registry values: P1) (NGC ID# 223Z, PCGS# 1419)
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