1804 Crosslet 4, Stems, B-2, C-4, High R.4, XF40 PCGS. CAC. Our EAC Grade VF25....

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Description

1804 B-2, C-4 Half Cent, XF40
Early Die State

1804 Crosslet 4, Stems, B-2, C-4, High R.4, XF40 PCGS. CAC. Our EAC Grade VF25. Please refer to lot 3059 for equivalents, rarity, die, and edge descriptions.
Surfaces. The sharpness grade is slightly higher than our EAC net grade with verdigris in the letters and around the devices. The olive-brown and tan surfaces have the usual quota of small circulation marks expected at the grade level.
Die State. Manley Die State 1.0. This early die state piece has a perfect obverse die and a nearly perfect reverse die. The cracks that Manley describes are not visible, but may be obscured.
Appearances. The State 1 plate coin on page 93 of Ed Fuhrman's The Half Cent Handbook, Draped Bust Varieties, 1800-1808.
PCGS Population (6/2022). Among several hundred certified 1804 Crosslet 4, Stems half cents that PCGS has examined are two XF40 examples attributed as B-2, C-4, and one finer AU53 that is similarly attributed and also included in the McGuigan Collection.
Commentary. The May 1968 issue of Penny-Wise carried the first important article on half cents when Howard Hazelcorn submitted "A Brief Study of the 1804 Half Cent." His article included his version of the 1804 half cent emission sequence, placing this variety second in chronological order behind Breen-1. Nearly 30 years later, Ron Manley submitted his article, "The First 1804-Dated Half Cent Variety" to Penny-Wise for the May 1997 issue. Manley proposed that this variety, 1804 B-2, C-4, was the first 1804 half cent variety struck after early die states of 1803 C-3, but before late die states of that 1803 variety.
McGuigan Commentary. Attractive glossy dark brown surfaces. Early die state, clearly earlier than the first die state (M1.0) listed in Manley, since it does not have the die break from the rim below the first zero in the fraction through the 2, the left ribbon, and the base of "U" in UNITED. Despite the comment that no perfect specimens with hard surfaces have been seen, this piece is the Cohen-4 plate coin (large photo) in the Manley die state book. Among the half dozen or so finest known examples of this rare die variety.
Provenance. Ex: Ken Pines (12/1975).
Personality. The first 93 members of Early American Coppers were designated as charter members to correspond with the 1793 date of the first large cents. Member number 93 was Howard Hazelcorn of Brooklyn, New York.
From The James R. McGuigan Half Cent Collection.

Coin Index Numbers: (NGC ID# 222F, Variety PCGS# 35149, Base PCGS# 1069, Greysheet# 80880)

Weight: 5.44 grams

Metal: 100% Copper

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Special Terms for the McGuigan Collection:
12 equal monthly payments with 3% APR interest starting at Day 46. Invoice released when invoice is paid in full.
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6 equal monthly payments with interest at 6% APR starting at Day 46. Invoice released within certain limits. Please contact the Heritage Credit Department at CreditDept@HA.com prior to the auction.