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1797 1C Reverse of 1797. VF35 PCGS. S-125, B-15, R.5....
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Sold on Feb 15, 2008 for:
$11,500.00
Bid Source: Live: Floor bidder
Description
Finest Known 1797 S-125 Large Cent
1797 1C Reverse of 1797. VF35 PCGS. S-125, B-15, R.5. Bland VF25; tied for CC-1. Noyes VF25; CC-1. Photo #20655. Our EAC Grade VF25.Equivalents. Clapp-Newcomb 8; EAC 6; Encyclopedia 1711; PCGS #1422.
Variety. Date close, first 7 leans left. E in ONE directly over T in CENT. The obverse appears on S-124 and S-125. The reverse appears on S-125, S-126, and S-127.
Surfaces. Smooth and attractive medium brown surfaces with hints of reddish color in the protected areas of the obverse. The surfaces are excellent, without any of the usual blemishes found on these early coppers.
Die State III. A late die state with extensive die bulging at the lower right obverse and the left obverse, weakening some reverse details. Extremely heavy clash marks can be seen at the usual locations on the obverse.
Appearances. The obverse is illustrated in Early American Cents and Penny Whimsy. The obverse and reverse are illustrated in Noyes (1991 and 2007) and in Breen's Large Cent Encyclopedia.
Census. The six finest examples all grade in the VF range, with the finest example (the present coin) graded VF25. Bland states that three others are tied with this coin at the same grade, while Noyes considers the next three just VF20. The best ANS coin is just VG10, although at the time of George Clapp's death, that coin was second finest known.
Commentary. The S-125, 126, and 127 varieties are all from a single distinctive reverse. Since two of the three varieties are rare, it is desirable to be aware of the characteristic. E in ONE is centered directly over the T in CENT, and this is the only reverse with that layout.
Provenance. David Proskey; Henry C. Hines; Dr, William H. Sheldon (4/1972); R.E. Naftzger, Jr. (2/1992); Eric Streiner (4/1992); C. Douglas Smith; Dr. Robert Schuman; Superior (6/2000), lot 147.
Personality. David Proskey was born in Wappingers Falls, New York, on December 12, 1853, and died in North Caldwell, New Jersey, on August 16, 1928. After conducting a brief run of auctions, he joined Harlan Page Smith in the New York Coin and Stamp Company, handling many important collections including the Parmelee Collection in 1890. He also compiled a series of articles about large cents that were published in the Coin Collector's Journal.
Lapp and Silberman note: "He was tall, straight, and wore a heavy beard. He was possibly the best informed man on the east coast in coins and in antiques in general; he was also an authority on postage stamps." Adams describes his abilities: "His numismatic knowledge was so broad, ranging from prehistoric to modern times and from South America to the Baltic Sea, that he was a frequent consultant to other dealers."
Coin Index Numbers: (NGC ID# 2242, Variety PCGS# 35915, Base PCGS# 1422, GSID# 77543)
Metal: 100% Copper
Weight: 13.48 grams
Weight: 0.47549oz
Mintage: 897,510
View all of [The Walter J. Husak Collection ]
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: 14
Lot Tracking Activity: N/A
Page Views: 1,629
Buyer's Premium per Lot:
15% of the successful bid per lot.
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A hard bound limited library edition of the Wes Rasmussen Collection Catalog, signed by Wes Rasmussen, Mark Borckardt, Greg Rohan, and Denis Loring, is available while supplies last. Only 100 produced. Reserve your copy of this remarkable limited edition signed volume for just $150 today.
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