1806 Small 6, Stems, B-1, C-2, Low R.4, MS62 Brown PCGS. Our EAC Grade AU50....

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Description

1806 B-1, C-2 Half Cent, MS62 Brown
Small 6, Stems
Ex: Ryder, Showers, Weber

1806 Small 6, Stems, B-1, C-2, Low R.4, MS62 Brown PCGS. Our EAC Grade AU50. Equivalents. Proskey 2: 2-B; Ross 3-C; Gilbert-2; Empire-50; Cohen-2; Breen-1; Bowers-Whitman 1; Eckberg 1-A.
Rarity. Low R.4. Eckberg suggests that 175 examples survive while the Bowers-Whitman Guide Book published a figure of 175 to 225 pieces known.

Obverse 1 appears on Breen-1. The date is closely spaced and the point of the Small 6 is well below the drapery. The serif of the 1 is separated from the hair and curl, favoring the curl. LI and IB are closely spaced and BERTY are more widely spaced. The R is missing its inside left base.

Reverse A appears on Breen-1 and 2. There are 16 leaves and six berries in the left branch, and 19 leaves and five berries in the right branch. The Ts are normally formed. The numerator is centered vertically and horizontally and leans slightly right. The denominator is widely spaced below a moderate-length fraction bar. The AME and RI are joined at their bases. This is the only Draped Bust reverse die that have R and I joined at their bases although several others are extremely close. The E in CENT is higher than adjacent letters.
Edge. Plain.
Surfaces. Vibrant blue and sea-green overtones appear on the reverse of this pleasing light brown example. A few insignificant marks are noted beneath the hair ribbon. Smooth, reflective fields and a sharp strike provide excellent eye appeal.
Die State. Manley Die State 2.0. This intermediate die state was coined before a die crack appeared from the 06 to the drapery.

Appearances. Illustrated at the PCGS Set Registry record of the McGuigan Collection. Plated in Superior's catalog of the Weber collection. The reverse is plated in Gilbert, according to a note in the Breen-Hanson Condition Census.
PCGS Population (5/2022). Just three 1806 Small 6, Stems half cents are recorded in Mint State at PCGS. Those coins included this piece, an unattributed MS63 Brown, and an attributed MS64 Brown.
Commentary. This is the usual 1806 Small 6, Stems variety encountered and has a low 6 in the date, well below the drapery. Most surviving examples are circulated with an average grade of VF25 for 82 PCGS submissions. The Breen-Hanson census records a single prooflike Uncirculated coin in a California collection that previously appeared in the 1969 Stack's sale of the Miles Collection. Four other coins grade AU and six XF coins are mostly not seen, according to that document. PCGS grades the Missouri Cabinet-Pogue coin MS64 Brown and that is the only other Mint State coin known to us.
McGuigan Commentary. Choice glossy iridescent bluish-brown color. Intermediate die state (M2.0) with clash marks from the reverse dentils through the bases of "RT" of LIBERTY. Among the half dozen finest known examples of the variety.
Provenance. Ex: Hillyer C. Ryder; Ryder Estate; Wayte Raymond (12/1944); New Netherlands (6/1954), lot 293; Phillip Showers (Stack's, privately, 1969); Willis H. DuPont; Fred S. Werner (2/1976); Superior (2/1976); Joe Flynn & Son (4/20/1976); R. Tettenhorst; William Weber (Superior, 6/2002), lot 2334.
Personality. The United States Coin Company was an early enterprise of Wayte Raymond, who ranks among the most influential coin dealers of the early 20th century. Raymond was just 26 years old when he announced the new company, operating with financial assistance from Elmer Sears. This operation conducted 44 sales during a period of six years. Highlights included the collections of Malcolm Jackson, Foster Lardner, and H.O. Granberg. Before and after this period, Raymond conducted 69 other sales, published a series called the Coin Collector's Journal, and issued the Standard Catalogue, forerunner of the popular Guide Book. Raymond has been described as a shrewd Yankee trader, yet scrupulously fair. He developed and distributed National coin albums that helped create a market for recent issues. In addition to his numismatic promotions, including accumulating hoards of coins and then publishing references to help sell them, he also held a scholarly interest in numismatics. Lapp and Silberman described Raymond as "a generous host who loved fine food, good liquor, beautiful books, fine art objects, and luxurious surroundings. He had an instinctive kindness, a ready chuckle, and a deep sense of loyalty and decency."
From The James R. McGuigan Half Cent Collection.

Coin Index Numbers: (NGC ID# 222J, Variety PCGS# 35194, Base PCGS# 1096, Greysheet# 80895)

Weight: 5.44 grams

Metal: 100% Copper

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