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1804 1C S-266, B-1, R.2, AU50 PCGS. CAC....
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Sold on May 9, 2024 for:
$66,000.00
Bid Source: Internet bidder
Description
1804 S-266, B-1 Cent, AU50
Late Die State
1804 1C S-266, B-1, R.2, AU50 PCGS. CAC. Both dies have
prominent rim breaks: joining RTY on the obverse and MERI on the
reverse. This is the latest of three important die states that are
often labeled S-266a without rim breaks, S-266b with just the
obverse rim break, and S-266c as offered here with both rim breaks.
The combination of a key-date issue, the second rarest of the
Draped Bust design, with three collectible die states, creates
strong demand for examples of this coinage, regardless of grade. A
single die pair is known for the 1804-dated cents struck at the
Philadelphia Mint while a so-called "Restrike" was produced
elsewhere.The present piece is a splendid high-grade and problem-free example. Many of the surviving 1804 cents have problems such as corrosion, cleaning, tooling, and other issues. PCGS CoinFacts reports recent auction appearances of 32 examples that grade AU or better. However, several of those are 1804 Restrikes and several others are problem coins, leaving just 10 auction appearances of problem-free coins.
The present piece, a different example from the other recent appearances, has avoided all of those issues over its 220-year history, and exhibits highly attractive chocolate-brown on the obverse with golden-tan on the reverse. This piece and six others are included among the 10 auction appearances, illustrating the difficulty acquiring a high grade 1804 large cent. Population: 1 in 50, 9 finer (3/24).
Coin Index Numbers: (NGC ID# 224H, Variety PCGS# 36422, Base PCGS# 1504, Greysheet# 80052)
Weight: 13.48 grams
Metal: 100% Copper
Auction Info
2024 May 8 - 12 CSNS US Coins Signature® Auction #1374 (go to Auction Home page)
Auction Dates
May, 2024
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 27
Lot Tracking Activity: N/A
Page Views: 482
Buyer's Premium per Lot:
20% of the successful bid per lot.
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