LOT #3623 |
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1796 No Pole, C-1, B-1, Low R.6, Fine 12 NGC. Our EAC grade VG8. ...
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Sold on Apr 23, 2021 for:
$156,000.00
Bid Source: HA.com/Live bidder
Description
1796 C-1, B-1 Half Cent, Fine 12
Ex: Lauder
1796 No Pole, C-1, B-1, Low R.6, Fine 12 NGC. Our EAC
grade VG8. 78.2 grains. Breen Die State II. Manley Die State
1.0. The bisecting crack is prominent to the right and weak behind
the head. No one has successfully solved the mintage question for
the 1796-dated half cents. Mint records show the delivery of
115,480 half cents during the calendar year 1796. However, we know
that the majority of those were the 1795-dated Plain Edge half
cents of the reduced weight standard. Mint records show that
109,000 half cents were delivered in the first quarter of 1796,
another 5,090 in the second quarter, and 1,390 in the fourth
quarter of the year. Roger S. Cohen, Jr. outlined his reasoning
that the mintage of 1796-dated half cents totaled 1,390. He based
his belief on a 3% survival rate and a known population in 1971 of
about 42 coins. Walter Breen agreed with the 1,390-coin mintage in
his Half Cent Encyclopedia. He thought that there were about
55 surviving 1796 half cents, or about 4% of his proposed mintage
figure. The number of 1796 half cents known has greatly increased
to about 140 examples today, or an incredible 10% of the proposed
mintage of 1,390 pieces.Numismatic researchers have often referred to a "3% survival rule" as Roger Cohen did 50 years ago, But we do not know the origins of that rule. With a current population of 140 coins, the 3% rule would mean a mintage of 4,666 coins. In The Half Cent, 1793-1857, William Eckberg suggests that the actual mintage included both of the final two deliveries in 1796, or 6,480 coins. His interpretation is that there were 5,090 With Pole coins and 1,390 No Pole coins.
The following brief description appeared in the 1983 Loye Lauder catalog: "1796, no pole (C. 1; G. 2). Rarity 6. In top eight of condition census. With diagnostic horizontal obverse die break. A problem-free coin, very good-10." The piece has pleasing tan and olive-brown surfaces with slight evidence of cleaning at the lower obverse. One old scratch crosses the right branch of the reverse to RI of AMERICA and the border.
Ex: Loye Lauder (William Doyle Galleries, 12/1983), lot 244; Jon Hanson; Donald G. Partrick.
Coin Index Numbers: (NGC ID# 2226, Variety PCGS# 35095, Base PCGS# 1030, Greysheet# 80863)
Weight: 6.74 grams
Metal: 100% Copper
View all of [The Donald G. Partrick Collection ]
Auction Info
2021 April 22 - 25 Central States US Coins Signature Auction #1329 (go to Auction Home page)
Auction Dates
April, 2021
22nd-25th
Thursday-Sunday
Bids + Registered Phone Bidders: 40
Lot Tracking Activity: N/A
Page Views: 1,027
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