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Lot
3589

1799 1C VF25 PCGS. CAC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 8, 2009
Item Activity: 6 Internet/mail/phone bidders
2,546 page views
Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Remarkable 1799 S-189 Cent, VF25
1799 1C VF25 PCGS. CAC. S-189, B-3, R.2. Although many aspects of the 1799 cent coinage have been and continue to be debated by numismatic scholars, there is universal agreement that it is one of the three famous key-date large cent issues along with 1793 and 1804. Joseph J. Mickley, who was born in 1799, is credited as the "Father of American Coinage" because of the story that surrounds his vain attempt to find a cent from the year of his birth.
Mint records indicate that 904,585 large cents were produced throughout the year, although we know today that nearly every one of those nearly 1 million coins was actually dated 1798. It is impossible to determine with accuracy how many coins struck in 1799 and 1800 were dated 1798, how many were dated 1799, and how many were dated 1800. There is clear die state evidence that proves that the 1799 overdates were struck prior to the last of the 1798 cents. The 1799 normal date coins were probably struck after the 1798 cents, and some of those may have been struck in 1800. Mint records show a total production of 4,706,460 cents during those three years. A total of 78 different die varieties were produced, and analysis of current rarity ratings shows that about 32,000 1798 through 1800 dated large cents still survive. Our analysis suggests the following actual mintages for coins that carry a given date: 3.24 million for 1798; 145,000 for 1799; and 1.32 million for 1800. Like any similar survey, the data is skewed toward the rarer issue, in this case 1799. Because of the value, any 1799, even if barely identifiable, is included in the rarity ratings, while similar quality 1798 and 1800 cents are not included in the rarity figures.
The present piece, with the sharpness of an exceptional coin, has smooth deep olive surfaces with a few faint marks on each side that are consistent with the grade and time in circulation. Faint surface roughness is of little concern. In fact, the surfaces are actually quite smooth for a 1799 cent. Usually they are heavily corroded, and this piece is a wonderful, problem free coin. EAC 15.
Ex: Anthony Terranova (2/2001).
See: Video Lot Description(Registry values: N7079) (NGC ID# 2246, PCGS# 1443)

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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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