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1786 New Jersey Copper, Curved Plowbeam, Maris 24-I, W-4955, Low R.8, VF30 NGC. ...
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Sold on Mar 17, 2021 for:
$60,000.00
Bid Source: HA.com/Live bidder
Description
1786 New Jersey Copper, VF30
Maris 24-I Discovery Coin
Finest of Three Known Examples
1786 New Jersey Copper, Curved Plowbeam, Maris 24-I, W-4955, Low
R.8, VF30 NGC. The discovery coin for this very rare variety,
unrecognized as a New Jersey die marriage until 1985, and to this
day the finest of only three known examples. Both sides of this
piece exhibit strong details. The fine delineation of the horse's
mane, and the visible presence of both horizontal and vertical
shield lines, speak eloquently for the grade assigned. The obverse
is microgranular, with the area around the date being more
irregular. The rims show a planchet flaw near 12 o'clock on the
obverse, with a small nick near 2 o'clock, but it is very well
centered and the overall appearance remains pleasing. The reverse
is more heavily granular, with somewhat uneven rims along the upper
left quadrant, and is slightly off-center toward 1 o'clock.
Peripheral weakness is most obvious at the tops of BUS UNUM. On
both sides, tan highlights stand out against a medium brown
background, though we note small patches of green verdigris on the
reverse around the beginning of the legend.When the existence of the Maris 24-I was first announced in the November 1985 issue of Penny-Wise, the publication of Early American Coppers, it attracted more attention than might otherwise have been the case. The only obverse die previously known to have been paired with reverse I was Maris 12. This is significant because the Maris 12 obverse is a coulterless die, while the Maris 24 has a coulter (we note that the finest known example of the Maris 12-I is also being offered in this sale). Only two other reverse dies, C and P, are known to have been paired with both coulterless and coultered obverse dies. As it is generally thought that the coulterless varieties were among the first New Jersey coppers struck, this link between the two suggests that the Maris 24 was one of the very first obverse dies with a coulter to be used. Given the fact that one cannot assume that these coppers were struck in the year stated on the obverse, tracing the relationships between dies is very important for determining the emission sequence of these coins.
The Maris 24-I is struck in "coin turn" orientation, with the obverse and reverse aligned at 180ยบ, as are most New Jersey coppers. The 12-I, however, is usually aligned "medal turn," with both dies aligned similarly, as are most coulterless varieties. Roger Siboni, John Howes, and A. Buell Ish, the authors of New Jersey State Coppers, state that the Maris I reverse seems to have been the first die married to the Maris 24 obverse, which would make sense given its presumed early use in the series. However, the Henry Garrett example now in the Michael Demling Collection appears to show clear evidence of obverse die failure, suggesting that it was struck at the very end of the die's life. This may indicate that the die combination was struck both early and late in the obverse die's lifespan, but the population is simply too low for us to draw conclusive information about die states for the 24-I. It remains a mysterious, yet intriguing, variety. Listed on page 73 of the 2021 Guide Book.
Ex: Chris Young (discovery, 1985); John M. Foreman (Stack's, 5/1989), lot 1360; Donald G. Partrick.
Coin Index Numbers: (PCGS# 45424, GSID# 374103)
Auction Info
2021 March 17 - 18 The Donald G. Partrick Collection of Extraordinary Colonial Coinage Featuring New Jersey Coppers Signature Auction #1330 (go to Auction Home page)
Auction Dates
March, 2021
17th-18th
Wednesday-Thursday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 831
Buyer's Premium per Lot:
20% of the successful bid per lot.
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