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1794 1C Head of 1794 MS64 Brown PCGS. S-55, B-47, R.2. Our EAC Grade AU55. ...
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Sold on Jan 10, 2014 for:
$58,750.00
Bid Source: Live: Floor bidder
Description
1795 S-55, B-47 Cent, MS64 Brown
The Finest Known S-55
1794 1C Head of 1794 MS64 Brown PCGS. S-55, B-47, R.2. Our EAC
Grade AU55. Ex: Husak Collection. Breen Die State II. The
obverse is always cracked from the left border to the hair, just
above the sixth lock. This crack formed during the previous
marriage for S-54. A faint crack in the lower curls has advanced to
the bottom lock behind the shoulder, and diagonally up to the left
through several hair strands. Faint clash marks can be seen in the
obverse fields. An impressive piece with gorgeous mahogany
surfaces, excellent cartwheel luster, and faint traces of original
mint red on each side. The left obverse field has a tiny planchet
defect or chip behind the cap, an excellent provenance marker.Commentary. There is no doubt that the interpretation of grading standards has changed over the years, even in regard to the conservative criteria employed by early copper collectors. For example, Sheldon discussed this specific coin in Penny Whimsy: "The Shumway-Hines piece appears to stand alone at MS65, with the Newcomb coin an excellent second at AU50." A half century later, the Shumway-Hines piece is still considered finest known, but is only graded AU50 to MS60, depending on whose grades are preferred. The Newcomb coin is now considered XF45 by Noyes and AU50 by Bland.
Market Notes. Noyes and Bland both consider this example finest known, although they disagree about the grade. Bland calls it Mint State and Noyes grades it AU50. Noyes considers the surfaces to be average.
Provenance. Frank H. Shumway; Henry C. Hines; Dr. William H. Sheldon (4/19/1972); R.E. Naftzger, Jr. (2/23/1992); Eric Streiner; Jay Parrino; Anthony Terranova (6/1/1996); Walter J. Husak (Heritage, 2/2008), lot 2057; Anthony Terranova.
From The Adam Mervis Large Cent Collection.
Coin Index Numbers: (NGC ID# 223P, Variety PCGS# 35627, Base PCGS# 901374, Greysheet# 76779)
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: 24
Lot Tracking Activity: N/A
Page Views: 1,664
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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