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1799 1C VF30 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

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Auction Ended On: Apr 30, 2009
Item Activity: 17 Internet/mail/phone bidders
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Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Rare 1799 Large Cent
S-189, VF30
1799 1C VF30 PCGS. S-189, R.2. The 1799 cent is easily one of the most famous and highly coveted of all U.S. coins, and the scarcest date among all of the early large cents. Rare above AU50, the vast majority of survivors are in the Good to Fine grade range. This is the date that began Joseph Mickley on his collecting odyssey in the 19th century. The story goes that 17-year old Mickley wanted a coin of his birth year, 1799. He found it to be a very difficult task even in 1816, and the pursuit of this coin led him along other numismatic avenues until he eventually became known as the "Father of American Coin Collecting."
This coin has an exceptional appearance for a 1799 cent. The surfaces are smooth and neither porous nor glossy, showing even charcoal-brown coloration overall. The digits in the date are all slightly soft along the bottom edges, but LIBERTY is well defined, as usual for the Breen 2-C dies. A few minor field marks are noted, with the most noticeable ones being located, respectively, near Liberty's mouth and, on the reverse, between N and T and directly below the first S in STATES. The die chip in the field between the E of ONE and the T of CENT is strong, although the lower left edge of it is slightly attenuated by one of the small abrasions referenced above. This is the one of the finest 1799 cents that we have seen in recent years. At VF30, it is tied with several other pieces as a mid-condition census coin. For any serious collector of early American copper, this coin represents an important and rare opportunity that may not be repeated for many years to come.
Noyes grades this coin VF30 sharpness, net VF20, and places it in a tie for fifth finest, while Bland grades the coin VF25 and states that it is tied for sixth finest. EAC 25. Population: 4 in 30, 5 finer (3/09).
Ex: S.H. Chapman (10/1910), lot 602; later, Bowers and Merena (11/1986), lot 2833; Joel Spingarn (via Robert W. Everett; Allen J. Kollar; Superior (5/2005), lot 1021.
From The Joseph C. Thomas Collection.(Registry values: N7079) (NGC ID# 2246, PCGS# 1443)

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Rasmussen Special Edition Catalog
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Rasmussen Signed Limited Edition Catalog
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