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1838 1C PR64 Red PCGS. N-11, Low R.6 as a Proof. Our EAC Grade PR65....

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: 13 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
1838 N-11 Cent, PR64 Red
Ex: Garrett Collection
The Only Proof Certified Red
1838 1C PR64 Red PCGS. N-11, Low R.6 as a Proof. Our EAC Grade PR65. Newcomb varieties N-11 and N-13 are different states of a single die pair. Today we recognize the early die states as N-11 and the late die states as N-13, the latter showing a heavy rim break at star 1. All known proofs from this die pair are the early states, and are called N-11 for convenience. Although there have been claims to the contrary from time to time, all proof 1838 large cents identified today are examples of the N-11 die state. Past reports, such as the Breen Proof Encyclopedia, include possible proofs of N-1 and N-8, but those are now discounted.

For type collectors, the 1838 N-11 is the most plentiful proof of the middle date series. Denis Loring tracks all proof large cents, and records almost 30 proofs of this variety. Among those, the present Garrett Collection specimen is one of just two examples he grades PR65.

This sensational specimen has brilliant deep orange mint color on both sides with a hint of lilac toning and fully mirrored fields. A single dark toning spot on the border at star 2 will aid identification. The border and central details are bold, while most of the stars are flat. The stars vary in sharpness on different proofs. This specimen has little detail on any of the stars. The other proof 1838 N-11 cent in the present offering has stars 1 through 5 flat and the others sharp. The Naftzger proof, earlier from Dr. Beckwith's collection, has stars 6, 7, 8, 12, and 13 bold, and the others ranging from flat to partially detailed. PCGS and NGC have combined to certify 16 proof 1838 large cents, and the present piece is the solitary example awarded the Red designation.
Ex: Garrett Collection (Bowers and Ruddy, 11/1979), lot 175; Stack's (10/1990), lot 664; Julian Leidman; Superior (10/2000), lot 1417; Stack's (7/2008), lot 1135.
From The Adam Mervis Large Cent Collection.(Registry values: P3) (PCGS# 1813)

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