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1822 1C VF Details NCS. Fine 12 EAC....
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Description
The Discovery Coin 1822 N-14, Finest of Five Known
1822 1C VF Details NCS. Fine 12 EAC. N-14, High R.7. Wes Rasmussen has owned this cent on three different occasions, selling it to Robbie Brown prior to his sale in 1996. In 1992, John Wright stated: "No example of this variety has sold at auction [at that time] to establish a free-market price, but the two private transactions were well into four figures (G) and five figures (F). Value is speculative, but I know several collectors who would pay dearly for one in any grade. The pressure should ease as more turn up." In the next dozen years, just two more have turned up, and those coins were also low grade (both Good). What is so surprising is that this variety is instantly recognized with just one glance at the reverse. The point of the leaf under OF is directly below the extreme left serif of the F. No other 1822 variety has the leaf this far to the left. This is the plate coin for the variety in both the Noyes and Wright references. This is also the discovery coin for the variety, being first identified by Dick Punchard shortly after he purchased the coin in 1984. When Wes bought the coin in 1983, he attributed it as N-12 which was verified by John Wright, and Wes sold the coin to Punchard as N-12. In over 20 years, this Fine coin remains the finest known. The second was discovered by Jim Long in 1986 and sold to Dan Holmes later that year, and the third was cherrypicked by Don Weathers at the 1990 Early American Coppers convention. This is not the first time a major large cent variety has been cherrypicked at the EAC conventions over the years. A fourth example, grading just Good, was discovered just prior to the 1996 sale of the Robinson Brown collection. The fifth example actually appeared on Ebay in March 2002.We completely disagree with the findings of NCS regarding this coin. The surfaces are deep steel brown with some lighter brown highlights in the fields and on the devices. If this has been cleaned and retoned, I suspect a large number of collectors and dealers would pay significantly for the formula. The surfaces have a few very minor abrasions; but these are far fewer than would normally be expected for the grade. A couple shallow circulation marks appear on each side, and the obverse has a pinpoint mark between stars 8 and 9. The reverse has a small mark through the top of E in CENT. The border on both sides is boldly defined, and the strike is nicely centered. Two die cracks described in the Robinson Brown catalog are visible, yet hardly prominent. NCS Improperly Cleaned.
Ex: Purchased unattributed by Wes Rasmussen at the FUN show 22 years ago in January 1983; Wes Rasmussen (7/84); Richard V. Punchard (6/89); Wes Rasmussen (3/93 in a trade for 1846 N22, 1848 N19, 1849 N18, and cash); Denis W. Loring; Robinson S. Brown, Jr. (Superior, 1/96), lot 487; reacquired by Wes Rasmussen.(#1624)(Registry values: N208)
Coin Index Numbers: (NGC ID# 2259, PCGS# 1624)
Weight: 13.48 grams
Metal: 100% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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This hard bound volume contains the magnificent Wes Rasmussen Large Cent Collection, formed by a former President of the Early American Coppers society which was auctioned at the 2005 Florida United Numismatic Auction. Reserve your copy of this remarkable volume for just $75 today.
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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