1807 1C Small Fraction. MS64 Brown PCGS. S-274, B-4, R.2....
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|Auction Ended On:||Feb 15, 2008|
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Long Beach Convention Center
Equivalents. Proskey 2; Doughty 204; McGirk 3A; Clapp 4; EAC 4; Encyclopedia 1771; PCGS #1534.
Variety. Blunt 1 close to curl. ER high above hair. Fraction bar extends right. The obverse appears on S-274 and S-275. The reverse appears on S-274.
Surfaces. Rich chestnut surfaces with olive and steel toning, and splashes of maroon on the reverse. The glossy surfaces on both sides have a few small ticks that identify it as the Breen plate coin.
Die State III. An intermediate die state with a few minor bulges, cracks, and clash marks.
Appearances. The obverse and reverse are illustrated in Noyes (1991) and Walter Breen's Encyclopedia of United States Large Cents.
Census. The Husak AU50 stands above all others as the finest known example of the S-274 marriage.
Commentary. This is the finest example of the variety, known since about 1900, yet it has never been offered for sale in a public auction. The present auction may literally prove to be a once-in-a-lifetime opportunity.
Provenance. Hollis Page; Dr. Thomas Hall (9/1909); Virgil M. Brand; New Netherlands (privately, 1951); C. Douglas Smith (8/1958); Dr. William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (3/1992); C. Douglas Smith; Chris Victor-McCawley (7/2005).
Personality. C. Douglas Smith was born on June 17, 1914, and died on September 20, 1999. He was employed in the railroad business until his retirement in 1981. An avid large cent collector, Smith formed several collections over many years. He is remembered for his belief that a collector can appreciate a coin only after he had owned it three times. He provided cataloging assistance to Stack's for several important sales from the 1950s through the 1980s, including the Floyd Starr Collection in 1984. Smith discovered the 1794 NC-4 and 1801 NC-3 varieties. (Variety PCGS# 36445, Base PCGS# 1534)
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