1798 1C First Hair. MS63 Brown PCGS. S-148, B-11, R.2....

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Mint State 1798 S-148 Draped Bust Cent

1798 1C First Hair. MS63 Brown PCGS. S-148, B-11, R.2. Bland MS60; CC-3. Noyes MS62; CC-2. Photo #23021. Our EAC Grade MS60.

Equivalents. Proskey 9; Doughty 117; McGirk 3A, 3B; Clapp 6; EAC 12; Encyclopedia 1716; PCGS #1431.

Variety. Style I Hair and letters. Spur on 9. Short spurs inside top of O in OF. The obverse appears on S-148. The reverse appears on S-148, S-153, and S-168.

Surfaces. An impressive cent with full cartwheel luster, medium olive-brown color, splashes of dark steel toning, and some frosty tan faded from original mint red. Most of the design features are nicely defined, with slight weakness on a few leaves. A small low area is evident inside the right branch. Possibly Double Flange Edge.

Die State II. An early die state with faint obverse cracks at the date and lower bust details, and the reverse is cracked through UNITED STATES. There is no evidence of cracks through LIBERTY or AMERICA.

Census. Bland records three Mint State examples, including the finest known piece that is held by the ANS. The second finest is a former ANS coin, and the Husak specimen is recorded as third best. After these three, the census drops quickly through the AU and XF levels, into the VF grades.

Commentary. Following the earlier emission scheme developed by George Clapp, Sheldon divided the 1798 cents into six different groups. Group 1 coins (S-144 through S-149) have Style I hair, Style I lettering, and a Large 8. Style I letters are delicate with a straight, long tail to the R. Sheldon noted that S-148 is "the only variety in Group 1 that is not scarce, and the only one of which a Mint State example exists." Today, the three Mint State examples are still the only such pieces among all Group 1 coins

Provenance. Henry C. Hines; Lillian Scheer; Homer K. Downing (1950); Dr. William H. Sheldon (1958); C. Douglas Smith; Dr. Robert Schuman (Superior, 9/2004), lot 331, $40,250.

Personality. Lillian Scheer served as housekeeper to Henry Clay Hines, whose collecting career appears with the S-180 in this sale. She received a number of large cents from his collection; they were later sold to Willard Blaisdell and Homer Downing.

Coin Index Numbers: (NGC ID# 2244, Variety PCGS# 36023, Base PCGS# 1431, Greysheet# 79935)

Weight: 13.48 grams

Metal: 100% Copper

View all of [The Walter J. Husak Collection ]

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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: 4

Lot Tracking Activity: N/A

Page Views: 2,519

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Sold on Feb 15, 2008 for: $48,875.00

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