LOT #98062 |
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1858/7 1C Large Letters MS65+ NGC. CAC. Snow-1, FS-301....
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Sold on Oct 27, 2014 for:
$74,025.00
Bid Source: Internet bidder
Description
1858/7 Flying Eagle Cent, MS65+
Early Die State, Sole Finest Graded
Snow-1, FS-301
1858/7 1C Large Letters MS65+ NGC. CAC. Snow-1, FS-301.
Commendable golden-tan surfaces with rose accents are trouble-free
on either side of this piece, a remarkable coin even within the
context of the Gardner Collection. This piece would be a remarkably
attractive example of the 1858 Large Letters Flying Eagle cent as
it is, but the notable rarity of the sought-after 1858/7 Snow-1
variety in an early die state adds multiple layers of desirability.
This sharply struck piece even shows good detailing on the wreath
on the reverse -- a feature normally absent -- and only minor
softness appears on the eagle's tail.Variety: 1858/7 Large Letters, Snow-1, FS-301. Die State: Early. The closeup of 8 in the date shows the top-right corner of the fancy 7 as well as the top arc and a small beginning portion of the downstroke. Rick Snow writes in the Guide Book of Flying Eagle and Indian Cents that "sometime in the middle of the striking run, the obverse die was taken out and resurfaced, removing evidence of the overdate. These later-die-state pieces are passed over by knowledgeable numismatists and may sell only at a slight premium."
Population Data (7/14): NGC shows six submissions in the numeric grade of MS65, including this as the sole Plus-graded example. PCGS shows six in Gem grade, including possible duplications. CAC shows only two in MS65 (one of which is the present MS65+ NGC example, as CAC does not show Plus grades).
Heritage Commentary: The rarity of this Guide Book-listed variety is so high that collectors eagerly pursue examples even in the lower circulated grades. The early-die-state pieces showing traces of the 7 underdigit are far more desirable than higher-graded pieces lacking such evidence. With the present MS65+ NGC example, of course, collectors get the best of all worlds, an early-die-state piece at the top of the Condition Census and with the added CAC green approval sticker.
Provenance: Purchased from David Schweitz (4/2011).(Registry values: N10218)
Coin Index Numbers: (NGC ID# 2276, PCGS# 2022, Greysheet# 15322)
Weight: 4.70 grams
Metal: 88% Copper, 12% Nickel
Auction Info
2014 October 27 The Eugene H. Gardner Collection II US Coins Signature Auction - New York #1214 (go to Auction Home page)
Auction Dates
October, 2014
27th
Monday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 2,563
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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