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    1794 S-53 Head of 1794 Cent, VF35
    Third Finest Known
    Ex: Ebenezer Gilbert Collection

    1794 1C Head of 1794, S-53, B-45, High R.5, VF25 Bland, VF25 Noyes; VF35 PCGS Secure. Mostly steel-brown, intermingled with lighter tan on each side. The reverse has a small rim bruise over TE of UNITED. Otherwise, only the usual tiny grade-consistent surface marks are present on each side.

    Variety Equivalents: Hays 58E, Chapman 47.

    Obverse 25: Severed Sixth Lock. The tip of the sixth hair lock, counting from the bottom, is severed and isolated like a small island in the field. This obverse is found only on S-53.

    Reverse X: Closed Wreath. The left and right terminal leaves are joined below the E in STATES, closing the wreath at its top, and that feature is diagnostic. The right ribbon end hangs down, nearly touching the fraction bar and the final 0 in 100. This reverse is found on S-49, S-50, S-51, S-52, S-53, and S-54.

    Die State I: Breen recorded a single die state in his Large Cent Encyclopedia. The obverse has advanced die crumbling below the bust, and the reverse is weak along the right border, over AMERICA.

    Rarity and Census: This is another variety that has recently dropped from Low R.6 to High R.5, with 32 examples recorded in Del Bland's Condition Census. This example is one of only three that grade better than Fine, according to Bland. The finest known is part of the ANS Collection, so that the Boka specimen is alone in the second spot among coins actually available to collectors. The only finer piece is tightly held. Bill Noyes also grades this piece VF25 and third finest known.

    Commentary: Henry Chapman discovered this variety in 1897, and it has been known as the Chapman Variety since that time. The obverse is illustrated in Morley. The obverse and reverse are illustrated in Elder-Gilbert.

    Boka Commentary: Ebenezer Gilbert got it right more than a century ago when he obtained this extreme rarity. A much coveted piece; she deserves, as do many of her sisters in my collection, to be in the finest 1794 collection.

    Biography: Known to the collecting community as Ted, Roy E. Naftzger, Jr. was a charter member of Early American Coppers. He was born in 1924 and died in 2007. Naftzger formed a large cent collection that is remembered as one of the finest ever assembled. He was an avid numismatist who had additional interests including early gold coinage. He was known to purchase entire collections and then sell the duplicates, such as he did with the James Sloss Collection that Abe Kosoff sold in 1959, and the Sheldon Collection with duplicates sold by New Netherlands in 1973. Many of his coins were sold in the 1970s through the 1990s, and his remaining collection was handled by Goldberg Coins in 2008 and 2009.

    Provenance: Ebenezer Gilbert (Thomas Elder #44, 10/1910), lot 58; H.O. Granberg; William H. Woodin (United States Coin Co., 5/1915), lot 146; Dr. George P. French (B. Max Mehl, 1929 FPL), lot 85; T. James Clarke (1944); B. Max Mehl (1944); Dr. William H. Sheldon; American Numismatic Society (de-acquisitioned 1/2001); R.E. Naftzger, Jr. (2/2001); Walter J. Husak (Heritage Auctions, 2/2008), lot 2055; Jon Alan Boka.
    From The Jon Alan Boka Collection of 1794 Large Cents.

    Coin Index Numbers: (NGC ID# 223P, Variety PCGS# 35621, 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: 15
    Lot Tracking Activity: N/A
    Page Views: 1,029

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

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