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1795 1C Lettered Edge MS65 Brown PCGS. CAC. S-75, B-3, R.3....
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Sold on Aug 12, 2011 for:
$80,500.00
Bid Source: Internet bidder
Description
1795 S-75 Lettered Edge Cent, MS65 Brown
The Mills-Sloss-Halpern Specimen
Provenanced From 1893
1795 1C Lettered Edge MS65 Brown PCGS. CAC. S-75, B-3, R.3.
Breen Die State V, nearly terminal, with obverse and reverse die
cracks, obverse buckling, and extensive die rust. Del Bland grades
this coin MS60 and places it in a tie for 12th position in his
Condition Census. Bill Noyes similarly calls this piece MS60 and
tied for 12th finest. A remarkable specimen, this Gem carries a
provenance from 1893, although it was "lost" for over 50 years in
the early 20th century.Sheldon-75 is the most available Lettered Edge variety for the date, although the Lettered Edge cents of 1795 are scarcer than their Plain Edge counterparts. Even without inspection of the edge, S-75 is immediately identifiable by the lengthy spine from the leaf beneath the T in UNITED. Similar spines from the N in UNITED, the C and T in CENT, the right ribbon end, and the leaf beneath the second T in STATES suggest that the die engraver was not having his best day.
This is a splendid golden-brown Gem with shimmering luster and an unabraded appearance. Minute planchet flaws are present on the lower left obverse field and on the field inside the wreath, but they are unimportant and of Mint origin. Two tiny gray spots on the nose serve as an identifier for this high-grade representative. The 95 in the date and the T in LIBERTY exhibit slight strike doubling but the overall strike is exceptional, with no soft areas on the legends, portrait, or wreath. Traces of faded mint red reside in selected recesses, such as between the pole and bust. A sizeable majority of remaining S-75 cents are dark, rough, and worn, and near-pristine examples are of significant interest to specialists as well as early type collectors. Among the finest certified examples of the variety. MRB MS60. Population: 6 in 65 Brown, 0 finer (7/11).
Ex: C.T. Whitman (S.H. & H. Chapman, 8/1893), lot 831; John G. Mills (Chapman Brothers, 4/1904), lot 1246; S.H. Chapman; later, Dr. James O. Sloss (9/1958); R.E. Naftzger, Jr. (12/11/1986); Herman Halpern (Stack's, 3/1988), lot 109; Julian Leidman; Donald H. Kagin; Martin Paul; Superior (1/1989), lot 3098; Martin Paul; Superior (2/1999), lot 1997; The Essex Palm Collection (Heritage, 1/2007), lot 773.(Registry values: N4719)
Coin Index Numbers: (NGC ID# 223S, PCGS# 1377, Greysheet# 729)
Weight: 13.48 grams
Metal: 100% Copper
Auction Info
2011 August Chicago Signature US Coin & Platinum Night Auction #1158 (go to Auction Home page)
Auction Dates
August, 2011
11th-14th
Thursday-Sunday
Bids + Registered Phone Bidders: 17
Lot Tracking Activity: N/A
Page Views: 2,330
Buyer's Premium per Lot:
15% of the successful bid per lot.
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