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1795 1C Lettered Edge, S-74, B-2, Low R.4, MS64 Brown PCGS....

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Sold on Jul 31, 2008 for:
$74,750.00 Bid Source: Live: Floor bidder
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Description

Magnificent 1795 Lettered Edge Cent
MS64 Brown, Tied at Top of S-74 Condition Census

1795 1C Lettered Edge, S-74, B-2, Low R.4, MS64 Brown PCGS. Breen Die State VI with bold clashmarks near the C in CENT and the leaf pair beneath the ST in STATES. S-74 is identified by three characteristics. The top of the 5 is buried in the bust, the T in LIBERTY is right of the curl, and the top right of the wreath ends in a single leaf.
The present piece is tied with one other at the top of the Bland and Noyes Condition Census, both listed as MS65. It is tied with the Walter Husak example, which realized $207,000 in lot 2076 of our February 2008 auction of his fabulous pre-1815 large cent collection. The remainder of the Condition Census includes two other Mint State coins, a single AU50, and several XF pieces.
This is a gorgeous 1795 cent with unabraded and carbon-free surfaces. A pair of slender, faint, and parallel mint-made planchet streaks cross four leaves northeast of the T in CENT. A small planchet flake above the N in ONE and a few tiny pinpoint flakes near the Y in LIBERTY further identify the present example, whose pedigree begins with the Theodore Roosevelt administration. The strike is even and bold. Toned light chocolate-brown with a generous amount of faded pumpkin-gold about the devices.
Specialists of 1795 cents know that the two most common varieties are S-76b and S-78, both Plain Edge varieties. The Lettered Edge varieties are significantly scarcer, as indicated by Guide Book prices. The present piece is one of only two high grade S-74 cents, and the opportunity to acquire this outstanding example many not return for many years. EAC 65.
Ex: Harland Page Smith Collection (S.H. and Henry Chapman, 5/1906), lot 1081; Thomas Elder; Howard R. Newcomb Collection (J.C. Morganthau, 2/1945), lot 79; T. James Clarke; R.E. Naftzer, 1954; Naftzger Collection (New Netherlands, 11/1973), lot 395; Andrew Hain, Charles Harrison, 10/1974; Douglas Bird; Dr. Haig Koshkarian, 2/1992; Koshkarian Collection (American Numismatic Rarities, 3/2004), lot 9.
 (Registry values: N4719)

Coin Index Numbers: (NGC ID# 223S, PCGS# 1377, Greysheet# 729)

Metal: 100% Copper
Weight: 13.48 grams
Weight: 0.48oz
Mintage: 37,000

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Auction Info

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd Wednesday-Sunday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 1,712

Buyer's Premium per Lot:
15% of the successful bid per lot.

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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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Sold on Jul 31, 2008 for: $74,750.00
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