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    1792 Washington Pattern Cent, XF Details
    Baker-21A, Musante GW-31 (E)
    Extremely Rare Plain Edge Variant

    1792 CENT Washington/Hancock Pattern Cent, Plain Edge -- Obverse Scratched -- NGC Details. XF. Baker-21A, Breen-1230, Musante GW-31 (E), High R.7. The 1792 Washington President, Large Eagle patterns are attributed to Newburyport, Massachusetts, engraver and inventor Jacob Perkins. Perkins is believed to have struck a small number of patterns in 1792, in copper, silver, and gold, in an effort to secure a coinage contract from the newly formed United States government. The obverse design displayed a left-facing portrait of George Washington with WASHINGTON PRESIDENT around and the date below. On the reverse, a large eagle held in its beak a ribbon inscribed UNUM E PLURIBUS, and above the eagle's head arced a row of 12 stars with a 13th star underneath. Today, only 18 coins are known for all compositions, including the unique copper piece from the first obverse die that shows the T in PRESIDENT below the bust, nearer the date than on the regular die. There are 11 known copper pieces that were struck from the regular obverse die, five silver pieces, and a lone gold coin, which made numismatic history when it sold in the 2018 ANA Signature for $1.74 million.
    The Newman coin has smooth chocolate-brown surfaces with minor wear. Corrosion is entirely absent. Dull rim bumps at 1 and 3 o'clock on the obverse serve as pedigree markers, as do several old, horizontal scratches on Washington's cheek, which prevent a numeric grade from NGC. A small dimple in the horizontal crossbars of the shield identifies this piece on the reverse. This is one of only three Plain Edge copper pieces in private hands, and it is the first to appear at public auction in nearly three decades.
    Ex: Eric P. Newman Numismatic Education Society; Eric P. Newman Collection, Part XI (Heritage, 11/2018), lot 15006.
    From The Poulos Family Collection, Part II.

    View all of [The Poulos Family Collection, Part II ]

    View Certification Details from NGC

    Auction Info

    Auction Dates
    September, 2019
    5th-8th Thursday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 408

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    I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
    Federal Deposit Insurance Corporation,
    Newport Beach, CA
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