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    1794 S-38 Head of 1794 Cent, XF40
    Third Finest Known
    Second Best Available
    Ex: Adam Mervis Collection

    1794 1C Head of 1794, S-38, B-25, R.5, VF35 Bland, VF35 Noyes; XF40 PCGS Secure. Both sides are pleasing light brown, with wisps of delicate blue toning on the high points. The sharpness is slightly finer with faint hairlines on the obverse, mostly through the cap and over the ear.

    Variety Equivalents:
    Hays 41, Chapman 24.

    Obverse 17:
    Vertical Field Chips. This is the obverse die of S-30 and S-31, but it has been substantially altered prior to its current and subsequent uses. The most significant change is the lowest hair curl, that was doubled and is now single. The Marred Field combined with the standard low hair curl is diagnostic. This obverse is found on S-38, S-39, S-40, and NC-2, and in its earlier state on S-30 and S-31.

    Reverse M:
    Single Berry, Leaf to C. Like the previous reverse die of S-34, S-35, and NC-1, and none others in the 1794 series, just one berry is positioned left of the ribbon bow. On this reverse, the lowest leaf on the right is below the right side of the C in AMERICA. This reverse is found on S-36, S-37, and S-38.

    Die State II:
    Both field chips at the left obverse are plainly visible.

    Rarity and Census:
    Another rarity in the Sheldon-numbered series of 1794 cents, the S-38 has a total population in the range of 60 coins, but only eight of those grade Very Fine or better. Del Bland's Condition Census records an AU55, an XF45 in the ANS Collection, the present VF35, two that grade VF25, and three called VF20. The Noyes Census records coins graded AU55, XF45 in the ANS, the present VF35, one VF25, and two graded VF20.

    The finest known example is in a long-term collection, and the second finest known is part of the ANS Collection, so Al Boka's that is tied for third finest in the census is actually the finest example currently available. The Condition Census for any variety is certainly important, but the available census is equally important if not even more important.

    Boka Commentary:
    It took me many years to finally get such a gem as this rare S-38. Unfortunately, I have not had it long enough to enjoy it as it deserves to be enjoyed. Congratulations to the next lucky custodian.

    Adam Mervis, CEO of a large family owned scrap processing firm, formed an extensive large cent collection with his son, Alec. Their collection included early, middle, and late date cents, errors, and proofs. The collection included two Strawberry Leaf cents, the finest known 1795 Reeded Edge cent, and all eleven 1794 NC cents. Heritage Auctions sold the collection at the FUN sale in January 2014.

    Rare Coin Company of America (1974); Gordon J. Wrubel (3/1976); Denis W. Loring (5/7/1983); Jack H. Robinson (1/23/1988); J.R. Frankenfield (Superior Galleries, 2/2001), lot 234; W.M. "Jack" Wadlington (2004); Daniel W. Holmes, Jr. (3/17/2008); Chris Victor-McCawley; Walter J. Husak; Adam Mervis (Heritage Auctions, 1/2014), lot 2465; Jon Alan Boka.
    From The Jon Alan Boka Collection of 1794 Large Cents.

    Coin Index Numbers: (NGC ID# 223P, Variety PCGS# 35579, Base PCGS# 901374)

    Weight: 13.48 grams

    Metal: 100% Copper

    View all of [The Jon Alan Boka Collection of 1794 Large Cents ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    September, 2016
    7th-11th Wednesday-Sunday
    Bids + Registered Phone Bidders: 17
    Lot Tracking Activity: N/A
    Page Views: 852

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) per lot.

    Rasmussen Special Edition Catalog
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    Rasmussen Signed Limited Edition Catalog
    A hard bound limited library edition of the Wes Rasmussen Collection Catalog, signed by Wes Rasmussen, Mark Borckardt, Greg Rohan, and Denis Loring, is available while supplies last. Only 100 produced. Reserve your copy of this remarkable limited edition signed volume for just $150 today.
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