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1794 1C Head of 1794 VF30 NGC. NC-8, B-14, Low R.8. Our EAC Grade Fine 12. ...

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Description

1794 NC-8, B-14 Cent, VF30
The Jack Borckardt Specimen

1794 1C Head of 1794 VF30 NGC. NC-8, B-14, Low R.8. Our EAC Grade Fine 12. Ex: Mervis Collection. Breen Die State I, the usual state with a crack through the TA in STATES to the wreath. Dark olive-brown is blended with lighter chocolate to create a pleasing, smooth appearance. A few faint lines at the upper right obverse are completely blended with the surrounding surface.

Commentary. For the present cataloger, this piece brings back memories from more than a quarter century ago. My father, Jack Borckardt, purchased this piece at a Charlotte, North Carolina coin show in July 1987 for $400. At the time, that was 33% over the Coin Dealer Newsletter "bid" price for a Fine 1794 large cent. Attempting to determine the variety at the show proved fruitless, as it was unlisted in Sheldon. He set the coin aside and brought it home for further study. Dad asked me to attribute the coin and I also was unable to find it in the Sheldon book. A quick trip home to get notes on new varieties revealed the importance of this piece. A few days later, I took the coin with me on a visit to Dan Holmes at his Cleveland office. That afternoon, Holmes bought the coin for a five-figure price. In more than 25 years, this important 1794 cent has had just four owners: Jack Borckardt, Dan Holmes, Dan Trollan, and Adam Mervis.

Census Notes. Willard Blaisdell discovered this new variety in December 1965, and the Blaisdell specimen is still the finest known. The second example was cherrypicked on September 1982 by Richard Snow. The Snow specimen grades VG7 and is the lowest grade of the three known examples. The Borckardt specimen is the most recent discovery, and grades Fine 12.

Provenance. Jack Borckardt purchased this piece unattributed in 7/1987; Dan Holmes (Goldberg Coins, 9/2009), lot 40; Daniel Trollan (6/12/2012).
From The Adam Mervis Large Cent Collection.(Registry values: P1)

Coin Index Numbers: (NGC ID# 223M, PCGS# 901374, Greysheet# 723)

Weight: 13.48 grams

Metal: 100% Copper

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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: 10
Lot Tracking Activity: N/A
Page Views: 1,347

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

Rasmussen Special Edition Catalog
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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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Sold on Jan 10, 2014 for: $70,500.00
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