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1794 1C Head of 1794 MS63 Brown PCGS. S-40, B-28, High R.5. Our EAC Grade MS60. ...
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Sold on Jan 10, 2014 for:
$94,000.00
Bid Source: Live: Floor bidder
Description
1794 S-40, B-28 Cent, MS63 Brown
The Only Mint State Specimen
The Frossard-Garrett Coin
1794 1C Head of 1794 MS63 Brown PCGS. S-40, B-28, High R.5. Our
EAC Grade MS60. Ex: Dan Holmes Collection. Breen Die State II.
The central reverse shows faint signs of die buckling, but no die
cracks have formed. Later die states have cracks between UN and
from the rim to left foot of D. A splendid Mint State example with
lustrous dark brown surfaces, the reverse slightly prooflike. Hints
of original mint red color can be seen among a few of the obverse
letters. Some original planchet roughness is visible along the
lower right obverse border, the result of inadequate pressure when
this piece was struck, despite sharp details elsewhere. In addition
to the rough flan surface, the border is only faintly visible,
confirming the blunt strike.Commentary. The obverse and reverse are illustrated in Chapman, Noyes (1991 and 2006), and Breen's Encyclopedia of Large Cents. Sheldon rated this variety as Rarity-6 in both Early American Cents and Penny Whimsy. With a current rating of High Rarity-5, only a few of these have been found in the last half century.
In his Encyclopedia of Large Cents, Walter Breen identified this as Frossard's variety 18, 2nd Reverse from his 1879 Monograph. Breen's cross-reference to the Frossard Monograph is correct when Frossard's description is considered, although the plate of obverse 18 has the doubled curl of S-30 and S-31.
Census Notes. Easily the finest known example of the variety and the only Mint State specimen recorded . Three others grade AU with none that grade XF. Even though it was plated in Chapman, Dr. Sheldon was apparently unaware of this specimen. In Penny Whimsy, he wrote: "The Hays-Gilbert-Granberg coin, AU-55, and the Hall-Brand-ANS piece, EF-45, are the only occupants of the upper condition bracket so far as we know."
Provenance. Ed. Frossard Collection (Ed. Frossard, 10/1884), lot 887; T. Harrison Garrett; Robert Garrett (1919); John Work Garrett; Johns Hopkins University (3/1973); John W. Adams (Bowers and Ruddy, 1982 FPL), lot 30; Bowers and Ruddy Galleries; Bowers and Merena Galleries; John W. Adams; R.E. Naftzger, Jr. (2/23/1992); Eric Streiner (1/1993); Tom Morley; Superior (1/1994), lot 778; Tom Morley and Chris Victor-McCawley (4/22/1995); Jon Alan Boka (4/19/1997); Walter J. Husak (Heritage, 2/2008), lot 2042; Chris Victor-McCawley (3/17/2008); Dan Holmes (Goldberg Coins, 9/2009), lot 63; Chris Victor-McCawley.
From The Adam Mervis Large Cent Collection.
Coin Index Numbers: (NGC ID# 223P, Variety PCGS# 35585, Base PCGS# 901374, Greysheet# 76764)
Weight: 13.48 grams
Metal: 100% Copper
Auction Info
2014 January 10 The Adam Mervis Large Cent Collection FUN Signature Auction - Orlando #1200 (go to Auction Home page)
Auction Dates
January, 2014
10th
Friday
Bids + Registered Phone Bidders: 40
Lot Tracking Activity: N/A
Page Views: 1,593
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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