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4121

1848 1C PR64+ Brown PCGS. CAC. N-19, Low R.6....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1848 Cent, PR64+ Brown
Rare Newcomb-19, Proof-Only Variety
1848 1C PR64+ Brown PCGS. CAC. N-19, Low R.6. The Newcomb-19 die variety is a proof-only issue. Although in past auctions we have estimated the survivorship to the extent of perhaps 35 to 40 pieces or R.5, in the last auction appearance we rated it Low R.6. PCGS' CoinFacts website posits an even lower number of 25 pieces, again Low R.6 rather than R.5. The current PCGS data show 14 submissions in PR64 through PR66 (the highest graded), including Brown, Red and Brown, and Red pieces. This near-Gem proof Brown specimen clearly shows the faint die line between the base of Liberty and the upright of the 1 in the date, as well as repunching on the base of the 1. The base of the second 8 in the date is doubled. The surfaces display a sharp strike throughout against prevailing olive, violet, and mahogany-gold hues. Our EAC grade PR60. Population: 3 in 64 (1 in 64+) Brown, 2 finer (3/13).
From The Jim O'Neal Collection.(Registry values: P2) (NGC ID# 226X, PCGS# 1973)

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