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    1794 S-46 Head of 1794 Cent, AU53
    Tied for Sixth Finest Known
    Chapman Plate Coin

    1794 1C Head of 1794, S-46, B-36, R.3, XF45 Bland, XF40 Noyes; AU53 PCGS Secure. This is a sharply detailed example with pleasing medium brown color that exhibits faint traces of pale blue toning. Both sides have a few trivial surface marks that are inconsequential. A thin depression behind Liberty's chin will aid in provenance tracking. The proper angle of light will also reveal subtle remnants of original mint color.

    Variety Equivalents: Maris 35, Frossard 20c, Doughty 55, Hays 48, Chapman 34.

    Obverse 20: Separated Hair Locks. The five hair locks on this obverse are markedly separated, with gaps between each, especially between the third and fourth locks. This obverse is found on S-45 and S-46.

    Reverse U: Crossed E of CENT. A die sliver crosses the E in CENT, and that constant-sized feature is diagnostic for the variety. This reverse is found on S-46.

    Die State I: An early die state. The obverse is cracked from the lower right border through the bust and neck to the hair. Most known examples have extensive cracks on the obverse.

    Rarity and Census: Although only slightly scarce, there are just eight pieces in Del Bland's Condition Census that grade XF40 or finer. Bland grades this piece XF45, tied with one other for sixth finest known. One finer example graded AU50 is part of the ANS Collection. Although Bill Noyes calls this one XF40, he places it higher in his census, alone in the fifth position.

    Commentary: The S-46 is rather plentiful, although it is under no circumstances common. It is another of the "one-glance" varieties, immediately identified by the heavy break or sliver that crosses the E of CENT, nearly reaching the lower right corner of N in ONE. The obverse and reverse are illustrated in Chapman.

    Boka Commentary: This lovely "Plica" holds a very strong pedigree dating back over a century and was "won" after a heated floor battle. My congratulations go out to whoever "wins" her.

    Biography: Waldo Newcomer served as president of the National Exchange Bank and as CEO of the Baltimore Trust Company. He was born in 1867. He formed a collection of approximately 4,000 coins that was sold to B. Max Mehl in 1931 for $250,000 after Newcomer lost his fortune in the Depression. His collection is not familiar to modern-day numismatists, as there was no auction catalog, although many of his coins were sold by J.C. Morgenthau in 1939. Circumstances of his death in 1934 are unknown; Walter Breen claimed that he committed suicide.

    Provenance: Arthur Sargent (S.H. Chapman, 6/1913), lot 455; Thomas Elder; Waldo Newcomer; B. Max Mehl; Howard R. Newcomb (J.C. Morgenthau & Co. #458, 2/1945), lot 63; Milton Holmes (Stack's, 10/1960), lot 1375; C. Douglas Smith (1965); Alfred Bonard (Numismatic Enterprises, 1968 ANA), lot 1718; Julian Leidman; Dr. Robert A. Schuman; Denis W. Loring; John W. Adams (Bowers and Ruddy Galleries, FPL 1982), lot 41; Denis W. Loring (5/1983); Jack H. Robinson (Superior Galleries, 1/1989), lot 79; Gary Ruttenberg (McCawley & Grellman, 8/1996), lot 90; Walter J. Husak (Heritage Auctions, 2/2008), lot 2048; Jon Alan Boka.
    From The Jon Alan Boka Collection of 1794 Large Cents.

    Coin Index Numbers: (NGC ID# 223P, Variety PCGS# 35603, Base PCGS# 901374)

    Weight: 13.48 grams

    Metal: 100% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    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: 23
    Lot Tracking Activity: N/A
    Page Views: 536

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

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