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1794 1C Head of 1795 MS62 Brown NGC. S-68, B-60, R.5. Our EAC Grade AU55. ...
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Sold on Jan 10, 2014 for:
$235,000.00
Bid Source: Live: Phone bidder
Description
1794 S-68, B-60 Cent, MS62 Brown
The Finest Known Example
1794 1C Head of 1795 MS62 Brown NGC. S-68, B-60, R.5. Our EAC
Grade AU55. Ex: Mervis Collection. Breen Die State V. The
terminal die state for the variety with a complete bisecting die
crack across the obverse, slanting slightly upward from horizontal.
The crack begins at about 8:30, crosses the left field and hair,
disappears along the cheek due to a trace of wear, and continues
from the nose to the border about 2 o'clock. This S-68 is the
finest known example of the variety, and an aesthetically pleasing
specimen. The obverse has blended light and darker brown with hints
of cartwheel luster. The reverse has smooth olive-brown surfaces.
There are no blemishes on either side. The H and second D of
HUNDRED on the edge are filled with Homer Downing's yellow ink.Commentary. The obverse and reverse are illustrated in Noyes (1991 and 2006), and in Breen's Large Cent Encyclopedia. The "Bisecting Break" variety is another rarity that is known to the extent of fewer than 40 pieces, to the best of our knowledge. The variety is "another well-known landmark," according to Sheldon.
J. Sanford Saltus is known as the man who gave his life to numismatics. He was born on March 9, 1853, in New Haven, Connecticut, and died on June 24, 1922 in London. The coroner's report is that his was "Death by Misadventure." Found in his hotel room was a glass of ginger ale and also a glass containing a solution of potassium cyanide used for cleaning coins. It is believed that he drank from the wrong glass. Saltus served as corresponding secretary of the ANS from 1897 to 1898 and again from 1900 to 1905. He also served as president of the New York Numismatic Club and the British Numismatic Society.
Census Notes. Called AU55 by Bland and MS60 by Noyes, this specimen is easily the finest known example. Second best grades no better than XF40. In Penny Whimsy, Sheldon wrote: "The finest one seen is the Saltus-ANS-Downing coin; graded MS60 in EAC, it is here corrected to AU55."
Provenance. J. Sanford Saltus (10/26/1899); ANS (12/15/1950); Homer K. Downing (1952 ANA, New Netherlands, 8/1952), lot 1700; Harold Bareford (9/13/1985); Herman Halpern (12/11/1986); R.E. Naftzger, Jr.; Dr. Allen Bennett; Walter J. Husak (Heritage, 2/2008), lot 2070; Dan Holmes (Goldberg Coins, 9/2009), lot 110; Greg Hannigan.
From The Adam Mervis Large Cent Collection.
Coin Index Numbers: (NGC ID# 223R, Variety PCGS# 35687, Base PCGS# 1365, Greysheet# 76792)
Weight: 13.48 grams
Metal: 100% Copper
Auction Info
2014 January 10 The Adam Mervis Large Cent Collection FUN Signature Auction - Orlando #1200 (go to Auction Home page)
Auction Dates
January, 2014
10th
Friday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 1,277
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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