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Lot
5022

1829 1C PR64 Brown NGC. N-6, R.6 as a Proof....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 6 Internet/mail/phone bidders
619 page views
Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1829 N-6 Coronet Cent, PR64 Brown
An Important Proof Rarity
Rarely Seen With Brilliant Surfaces
1829 1C PR64 Brown NGC. N-6, R.6 as a Proof. The 1829 N-6 is readily secured as a business strike, but proofs are extremely rare. Walter Breen's 1988 Complete Encyclopedia of U.S. and Colonial Coins states under Breen-1841, "at least 6 proofs of N-6." A few years earlier Breen, in the Encyclopedia of United States and Colonial Proof Coins, pedigreed seven examples, with the Brand specimen (#7) possibly the same as the Beckwith example (#2). Eliasberg, of course, used a proof to represent the 1829 cent within his legendary "complete" collection. The Bowers and Merena catalog description for that piece states, "Perhaps 10 proofs are known of this variety, in the cataloger's opinion, although John Wright suggests 12 to 16."
This is only the fourth appearance of an 1829 proof large cent in any of our auctions dating back to the beginning of our archives in 1993, including one previous offering of this identical specimen. In the roughly 25 years of operation of NGC and PCGS, the services have encapsulated a total of 13 proofs for the 1829, which presumably are from N-6 dies. Most of those pieces were bronzed at the Mint, including 10 of the 13 certified submissions. Breen states that the technique involves coating a planchet or a struck example with bronzing powder and baking it, used mostly on 19th century Mint medals -- although some proof patterns, half cents, and cents were also bronzed.
The present example appears to be unbronzed, and in fact shows traces of the original orange-gold color, particularly on the reverse legends and wreath. The strike is sharp aside from stars 6 to 9, consistent with Breen's comment that "all proofs have the top four stars weak." Star 8 is repunched, which helps identify this Large Letters variety. The dies are rotated counterclockwise perhaps 30 degrees, and the only relevant imperfections are a couple of wispy marks near the NT in CENT. The fields are nicely mirrored. The proof 1829 will be a centerpiece of even the most advanced holding of middle-date large cents. MRB PR60.(Registry values: P3) (PCGS# 1792)

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