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1793 1C Wreath, Vine and Bars Edge, S-8, B-13, R.3, MS67 Brown PCGS....
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Sold on Jan 13, 2022 for:
$408,000.00
Bid Source: HA.com/Live bidder
Description
1793 S-8, B-13 Wreath Cent, MS67 Brown
Finest of the Die Pair
The 1991 Noyes Plate Coin
1793 1C Wreath, Vine and Bars Edge, S-8, B-13, R.3, MS67 Brown
PCGS. Ex: Floyd Starr-Simpson. Breen's Die State II with a
diagonal bisecting crack through the wreath, faintly reaching the
first T in STATES and the final A in AMERICA. After public outcry
over the Chain cent design, per numismatic tradition, the Mint
engravers responded quickly with the new Wreath design, depicting a
demure Liberty. Current interpretations of Mint records suggest
that the last Chain cents were coined on March 12, 1793, and that
the first Wreath cents appeared less than one month later on April
9, 1793. The majority of the 63,353-coin mintage were struck in
April, with 12,000 coins produced in July 1793. The intermission
from April 28 to July 1 was the result of an exhausted planchet
supply, broken rolling mills, and a lack of additional copper.Bill Noyes records 19 Mint State Wreath cents of all varieties and Del Bland records 28 Mint State examples across the variety spectrum. The PCGS Population Report shows 49 Mint State examples and the NGC Census Report lists 26 Mint State pieces (11/21). Those certified grading events include an unknown number of cross-overs and resubmissions. High grade 1793 Wreath cents are extremely rare, and the known population of Mint State examples will probably not change. Del Bland grades an S-5 as MS67 and an S-6 as MS65. This piece and four others that he grades MS63 includes an example in the ANS Collection. Bill Noyes grades an S-5 as MS67, four pieces that he grades MS65, and this piece along with three others that he grades MS63 (including an ANS Collection coin).
Words and phrases that past catalogers have used to describe this beautiful cent include: "A prize;" "Has all the qualifications of a proof except the mirror-like surface;" "A cent of awesome, paralyzing beauty;" "hypnotically pristine;" "Spectacular;" and "virtually perfect."
The grade of this piece was recently adjusted from its former PCGS assessment of MS68 Brown. The numerical grade is not important as it stands alone as the finest existing 1793 Sheldon-8 Wreath cent. This boldly defined Wreath cent has nearly flawless golden-brown and steel surfaces, with traces of faded orange mint color on the reverse. Faint bluish overtones add to the eye appeal of this Superb Gem specimen. Del Bland grades this piece MS63 and the finest known ahead of the MS60 Eliasberg coin. Bill Noyes also grades this piece MS63 and the finest S-8 cent in his Condition Census, describing the surfaces as "Choice." Second best in the Noyes roster grades just AU55. We agree with these experts regarding the EAC grade.
Catalogers are fond of using the "once in a lifetime opportunity" phrase. While we do not make such a claim today, it is important to observe only six past auction appearances of this incredible Superb Gem since 1910, or one appearance every 18 years. The advanced collector who misses the present opportunity may have another chance ... in the year 2040 based on that average. Our EAC grade MS63.
Ex: Robert Leslie; Peter Mougey; William H. Woodin; Thomas L. Elder (9/1910), lot 5 as Uncirculated; Dr. George P. French (privately); Howard Rounds Newcomb (J.C. Morgenthau & Co., 2/1945), lot 8 as Uncirculated; Floyd T. Starr (Stack's, 6/1984), lot 13 as MS65; R.E. Naftzger, Jr.; Eric Streiner; Jay Parrino; Bowers and Merena (8/1998), lot 16 as MS68 Brown PCGS; Goldberg Coins (10/2000), lot 1394 as MS68 Brown PCGS; Eugene H. Gardner Collection (Heritage, 6/2014), lot 30021 as MS68 Brown PCGS.
Coin Index Numbers: (NGC ID# 223H, Variety PCGS# 35456, Base PCGS# 1347, Greysheet# 76725)
Weight: 13.48 grams
Metal: 100% Copper
View all of [Important Selections from The Bob R. Simpson Collection, Part VII ]
Auction Info
2022 January 12 - 16 FUN US Coins Signature® Auction - Orlando FUN #1341 (go to Auction Home page)
Auction Dates
January, 2022
12th-16th
Wednesday-Sunday
Bids + Registered Phone Bidders: 34
Lot Tracking Activity: N/A
Page Views: 2,486
Buyer's Premium per Lot:
20% of the successful bid per lot.
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