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1798 1C First Hair. AU58 PCGS. S-157, B-15, R.2....
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Sold on Feb 15, 2008 for:
$18,400.00
Bid Source: Live: Floor bidder
Description
Condition Census 1798 S-157 Large Cent
1798 1C First Hair. AU58 PCGS. S-157, B-15, R.2. Bland AU50; tied for CC-4. Noyes AU50; tied for CC-4. Photo #37425. Our EAC Grade AU50.Equivalents. Proskey 14; Doughty 122; McGirk 11A, 26A; Clapp 16; EAC 16; Encyclopedia 1723; PCGS #1431.
Variety. Style I Hair. Triple dentil below 9. C in AMERICA corrected from T. The obverse appears on S-157. The reverse appears on S-157.
Surfaces. Lovely golden-brown with olive devices. Microscopic flan marks are visible, from the original planchet strip. Struck slightly off-center with wide borders to the left. Apparently the Second Beaded Edge, although aspects similar to other edge types are also noted.
Die State IV. Heavy obverse and reverse die rust, with minor die chips in the right obverse field. The line of die rust from the throat to right obverse border provides instant recognition of the variety in later die states.
Census. Tied for fourth finest known, this example follows three Mint State coins in Bland's Census. This is one of the plentiful First Hair Style varieties, yet only six coins grade better than XF.
Commentary. Sheldon-157 is often found with above-average surfaces, unlike many of the earlier 1798 varieties.
Provenance. Byron Reed; City of Omaha (Spink America, 10/1996), lot 243, $11,000; John B. MacDonald (3/1997); Dr. Eugene Sherman; Chris Victor-McCawley (7/2005).
Personality. Byron Reed was born in Darien, New York, on March 12, 1829, and lived in Ohio and Wisconsin Territory before finding his home in Omaha, Nebraska. He arrived in Omaha in 1855 and opened a real estate office. He became active in local government, serving as city clerk in 1860, councilman in 1871, and city council president in 1872. He and his wife (Mary Melissa Perkins) were married in April 1862 and had two children. In 1890, Reed served on the Assay Commission, just a year before his death on June 6, 1891. A benefactor of the city, Reed donated land for the free public library building and a house that later became the first Boy's Town, operated by Father Flanagan. An active coin collector, he acquired an impressive collection of coins, patterns, currency, and medals, including an 1804 silver dollar. His entire cabinet, along with a collection of autographs, was donated to the Omaha Library. A portion of the coins and autographs were sold in 1996, and the remainder is displayed at the Western Heritage Museum.
Coin Index Numbers: (NGC ID# 2244, Variety PCGS# 36035, Base PCGS# 1431, Greysheet# 79944)
Weight: 13.48 grams
Metal: 100% Copper
View all of [The Walter J. Husak Collection ]
Auction Info
2008 February Long Beach, CA Signature Coin Auction #460 (go to Auction Home page)
Auction Dates
February, 2008
14th-16th
Thursday-Saturday
Bids + Registered Phone Bidders: 17
Lot Tracking Activity: N/A
Page Views: 957
Buyer's Premium per Lot:
15% of the successful bid per lot.
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