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1849 1C MS63 Brown PCGS. N-25, FS-301, High R.7. Our EAC Grade AU58....

2014 January 10 The Adam Mervis Large Cent Collection FUN Signature Auction - Orlando #1200

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Auction Ended On: Jan 10, 2014
Item Activity: 10 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
1849 Cent, MS63 Brown
Extremely Rare N-25, CC #1
Ex: Newcomb, Starr, Naftzger
1849 1C MS63 Brown PCGS. N-25, FS-301, High R.7. Our EAC Grade AU58. Ex: Naftzger Collection. Grellman describes the rare and curious N-25 as "the rim and fields have a wavy, irregular appearance indicating the die was not prepared properly." The rough fields on struck examples, particularly near the obverse rim and AMERICA, ensured the dies were promptly removed from service despite the historical reluctance of the Mint to shelf costly die steel.

The status of N-25 as a distinct die marriage was debated by specialists since Newcomb's day. Due to the die lumps atop the C and T in CENT, some believed that N-25 was really a late state of N-10. In 1989, however, Grellman had the opportunity to study the present high grade coin as part of the Naftzger holdings, and confirmed the conclusions of Newcomb and Naftzger. For example, the die line above the AM in AMERICA differs from N-10, as does a diagonal die line from the N in UNITED toward the rim.

Toned deep walnut-brown with traces of red near design elements. A loupe reveals only two tiny ticks, one each on the cheek and near star 11, and a solitary tiny fleck above the O in ONE. The strike is crisp with the exception of several star centers. Designated as CC#1 in both the Grellman and Noyes census lists. Grellman grades it AU58, and Noyes calls it AU55 with photo #30627.
Ex: Howard R. Newcomb; Floyd T. Starr (Stack's, 6/1984), lot 625; R.E. Naftzger, Jr. (Ira & Larry Goldberg, 9/2009), lot 958.
From The Adam Mervis Large Cent Collection. (Variety PCGS# 405694, Base PCGS# 1886)

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