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Lot
5524

1822 1C PR62 Brown PCGS. N-10, R.7 as a Proof....

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181

 
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Auction Ended On: Jan 10, 2013
Item Activity: 5 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:

R.7 1822 Large Cent, PR62 Brown
Ex: Frothingham-Wilson-Pittman Example
1822 1C PR62 Brown PCGS. N-10, R.7 as a Proof. The manufacture of master coins, as they were known prior to the use of our current word "proof," was spotty at best prior to 1858. Curiously, there was some special need for proof cents in 1822, as at least nine pieces are known of this particular variety and several others are known of other varieties. In the Pittman Sale in 1997, Denis Loring contributed a brief roster of nine examples of proof N-10 cents. The pedigree of this particular coin is long and impressive, stretching back to 1883. The coin was described in this coin's first appearance in the Frothingham Sale as, "Fine proof of brilliant steel color. Very rare."
This coin has a couple of distinctive pedigree identifiers: On the obverse a small planchet flake appears in the left field between star 2 and Liberty's chin. On the reverse a couple of lint marks occur around the left side of the N in ONE; another shallow planchet flake is seen above that same letter. Otherwise, the surfaces are deep brown with olive accents. The strike is unusually complete on Liberty's hair. The peripheral stars show just the slightest softness over the highest points. The fields are reflective as expected -- surprisingly so, given the depth of patina present over each side. A raised line surrounds the inner denticles on the obverse, undoubtedly a scribe line used to locate the placement of the denticles. As one can see from the pedigree below, this coin has always brought a high price when offered at public auction. However much it brings in this offering, one thing is certain, it will be impressively high. Our EAC grade PR55.
Ex: Charles F. Frothingham Collection (H. G. Sampson, 5/1883), lot 100, where it brought $26; James B. Wilson, Esq. Collection (Thomas Elder, 10/1908), lot 1057, where it brought $31; Dr. George P. French (FPL, B. Max Mehl), lot 439; New Netherlands 54th Sale (4/1960), lot 1535; John Jay Pittman Collection (Akers, 10/1997), lot 205, where it brought $17,600; Keusch, Snow, & Del Zorro Collections (Stack's, 11/2008), lot 3075, where it realized $44,850.
From The Greensboro Collection, Part II.(Registry values: P6) (NGC ID# 2726, PCGS# 1774)

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