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1798 1C Second Hair Style AU58 PCGS. S-186, B-39, R.2. MRB XF45. ...

2011 September Long Beach Signature US Coin Auction #1159

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Auction Ended On: Sep 8, 2011
Item Activity: 12 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802


1798 S-186, B-39 Cent, AU58
Second Hair Style
Second Finest Known
1798 1C Second Hair Style AU58 PCGS. S-186, B-39, R.2. MRB XF45. Ex: Sheldon-Boka. Breen Die State VIII, a late stage of the die pair. The heavy arcing die crack at the lower right reverse is always present on S-186 and provides instant attribution. That crack actually developed in 1799 when the Mint was striking cents of the latter date. The reverse die was used for the 1799/8 S-188 overdate cents, which were all struck before this 1798 cent. In fact, all 1799/8 overdate cents were struck before this variety and 1798 S-187. The 1799 NC-1 cents were struck first, the 1799 S-188 overdate cents were next, followed by the 1798 S-186 cents, and finally the 1798 S-187 cents.
The surfaces are glossy and golden with splashes of frosty tan and darker steel toning and a few minor spots on the reverse. A dull nick just below the jawline is the only blemish on this lovely cent. Del Bland grades this coin XF45 and tied for second finest known. Noyes says XF45 with choice surfaces, and also records this piece as second finest known. This is the plate coin for Breen's Large Cent Encyclopedia.
Dr. Robert A. Schuman is a radiologist in Scranton, Pennsylvania. A native of Baltimore, he worked for Thomas Warfield at the Mason-Dixon Coin Exchange from 1958 to 1963, where he learned to attribute and love the early large cents. He attended the Frank Masters sale in 1971, purchasing the finest known S-19b from that collection. The coin was misattributed in the sale catalog and was missed by every collector attending the sale. It was also at the Masters sale that he learned of Early American Coppers and met many important collectors. An avid collector of Hard Times tokens, he published a study on the series, The True Hard Times Tokens, in 2010.
Ex: David Proskey; Henry C. Hines; Dr. William H. Sheldon; Dorothy Paschal (5/1/1972); C. Douglas Smith; Dr. Robert Schuman (Superior, 5/2008), lot 487; Jon Alan Boka.
From The Al Boka Copperheads Collection.(Registry values: P1) (NGC ID# 2244, PCGS# 1434)

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