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1787 COPPER Vermont Copper, Mailed Bust Left Fine 12 NGC. RR-15, Bressett 9-I, W-2060, R.6. ...
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Sold on May 16, 2014 for:
$30,550.00
Bid Source: Live: Floor bidder
Description
1787 Vermont Bust Left, Fine 12
Ryder-15, Whitman-2060
Only Variety of the Type
1787 COPPER Vermont Copper, Mailed Bust Left Fine 12 NGC. RR-15,
Bressett 9-I, W-2060, R.6. 103 grains. This is the eighth
rarest Vermont variety with less than 20 surviving pieces known,
but it is also the only Bust Left variety of 1787 Vermont coppers,
so it has heightened demand from Guide Book collectors.
Further adding to its importance is the massive die break through
the date that obliterates all but the tops of the 8 and 7. The
obverse die was used for 1786 RR-11, then for 1787 RR-15, and again
for additional examples of the earlier dated RR-11. The actual year
of mintage for these coins is unknown, and may have been 1786,
1787, or both. Tony Carlotto reports that the reverse was created
with a 1786 hub punch, then the die was overdated by punching a 7
over the 6. If hub punches were actually used, the overdating
process may have caused die stress that resulted in the massive die
break.The steel-brown fields frame chestnut-brown devices, creating excellent eye appeal. A planchet void is noted at 12:30, and the surfaces appear microscopically rough, but there are no imperfections worth noting. Minor planchet fissures are noted on each side of this rarity. While the Newman example falls in the middle of the census, 11th out of 19 known, the surfaces are finer than most. For example, the Taylor coin that is ranked sixth finest known has planchet fissures that actually create a hole in the coin.
Ex: Whipple Collection (Thomas L. Elder, 2/1921), lot 435; Eric P. Newman Numismatic Education Society.
Coin Index Numbers: (PCGS# 557, Greysheet# 222)
Auction Info
2014 May 16 - 17 Selections from the Eric P. Newman Collection IV Signature Auction - New York #1199 (go to Auction Home page)
Auction Dates
May, 2014
16th-17th
Friday-Saturday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 1,580
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Truth Seeker: The Life of Eric P. Newman (softcover)
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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