Goldberg Coins and Collectibles



Sale 48

Pre-Long Beach Coin Auction


The Naftzger Collection of Large Cents
 
 
Lot Photo Description Realized
Lot 167
 1804 C-6 R2. VG-8. Spiked Chin. Glossy light olive brown and chocolate with lighter steel brown toning in protected areas of the reverse thanks to an old cleaning. A dull scratch across the leaves under the first A in AMERICA is the only significant mark. Terminal die state, Manley state 12.0 late, Braig state 9.0 late. The small retained cud break at the top of the O in OF is well raised, the highest seen.
Estimated Value $80 - 100.
Ex: Jeff Kierstead 4/93.
View details and enlarged photos 		Realized
$207
Lot 168
 1793 S-10 R4 Wreath Cent. PCGS graded MS-64 Brown. Choice frosty light chocolate brown with faint wisps of darker chocolate and steel toning on both sides. Sharply struck and nicely centered with full border beads around both sides. Just the faintest hint of rub on the highest points of the design. The only defect is a thin planchet fissure on the edge outside the beads over NIT, and this mint-made planchet flaw is located in an area that makes it meaningful only as an identifying mark. Great eye appeal, and Ted Naftzger's envelope for this cent (which accompanies the lot) shows he felt the cent had "proof surface." The strike is from the early state of the dies, Breen state I, with smooth, hard fields. However, calling the surfaces "proof" is a bit optimistic. The reverse of this cent is included on the Crosby-Levick plate and both sides are plated in the 1914 ANS Exhibition Catalog. Bill Noyes also selected this cent to illustrate the variety in his book on the cents of 1793-1814. Called MS60 and tied for CC#3 in the Bland census, but the piece he lists as being slightly finer is weakly struck, as is the other MS60 piece he has tied with the coin offered here, and the piece he shows as finest of the variety is in the ANS Museum. Noyes says AU55 and tied for CC#2, his photo #20001. Our grade is About Uncirculated-58. A wonderful example of the variety, and it comes with an equally impressive provenance. The attribution and Naftzger collection provenance are noted on the slab label on this and all the other slabbed Naftzger cents in this sale. PCGS population 1 with none finer.
Estimated Value $110,000 - 125,000.
Ex Sylvester S. Crosby-Lorin G. Parmelee (privately) 2/6/1892-Dr. Thomas Hall 9/7/1909-Virgil M. Brand-Carl Wurtzbach-Virgil M. Brand 2/7/1941-B. G. Johnson (St. Louis Stamp & Coin Co.) 3/24/1943-Abe Kosoff-Oscar J. Pearl, Numismatic Gallery FPL 1944:9-Charles M. Williams, Numismatic Gallery #68, 11/14/1950:12-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$224,250
Lot 169
 1794 S-64 R5- Missing Fraction Bar. PCGS graded MS-64 Red & Brown. Choice lustrous light steel brown with 20-25% of the original mint red remaining. The surfaces are satiny and this cent would be, as Ted Naftzger liked to say, "Bulletproof" as a gem if not for a collection of shallow planchet voids in the field left of the date and lowest curl. Otherwise this cent is virtually perfect reminiscent of the finest of the famous Baron St. Oswald 1794 cents. MDS, Breen die state III. The die crack through the D in UNITED is strong but the sliver inside the D has not broken away. The strike is needle-sharp and the missing fraction bar feature is obvious. Both sides of this cent are plated in the Elder-Gilbert book. Called MS65 and CC#2 in the Bland condition census behind a slightly finer example that retains none of its original mint color. Noyes says MS60 net AU55 for the mint-made planchet flaws and tied for CC#2, his photo #21045. Our grade is Mint State-63. PCGS population 1 with none finer. This is the only example graded by PCGS.
Estimated Value $55,000 - 75,000.
Ex Henry C. Miller, Thomas L. Elder 4/1917:696-Dr. George P. French-B. Max Mehl FPL 1929:73-T. James Clarke 10/1954-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$166,750
Lot 170
 1795 S-75 R3 Lettered Edge. PCGS graded MS-65 Red & Brown. Highly lustrous light steel brown with faded mint color peeking through in the protected areas on both sides. Hints of attractive bluish steel overtone can be found as the cent is rotated in the light. Gorgeous satiny mint luster covers both sides, including on the highest points of the design. A gem cent in every respect. Finding an identifying mark is a real challenge. An extremely faint hairline from the temple down to the shoulder and a tiny struck-through line on the dentil over the left side of the U in UNITED are the only ones this cataloger can find (and I use a strong 16x glass). MDS, Breen die state IV, before die buckling shows in the obverse fields. This is the Noyes plate coin for the variety, his photo #20914. Bland calls this cent MS65 and finest known while Noyes says MS63 Choice and tied for finest known honors. Our grade is Mint State-65. PCGS population 1 with none finer.
Estimated Value $45,000 - 55,000.
Ex Virgil M. Brand-B. G. Johnson (St. Louis Stamp & Coin Co.) 1/7/1944-Arthur C. Fritz-Rudolph Khol-Federal Coin Exchange FPL 1952-Harold Bareford 9/13/85-Herman Halpern 12/11/86-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$155,250
Lot 171
 1796 S-84 R3 Liberty Cap. PCGS graded MS-66 Red & Brown. Choice lustrous steel brown with 20-25% of the original mint red remaining on both sides. No spots, stains, or contact marks. A piece displaying a truly remarkable state of preservation, especially for a 1796 Liberty Cap cent. The only defects, if you wish to call them that, are some microscopic planchet chips in the left obverse field near the dentils with a few more inside the wreath. These minor planchet marks were present on the planchet prior to striking and failed to completely press out when the cent was struck by the dies. The best identifying mark is a microscopic vertical planchet fissure passing through the base of the O in ONE, and it takes a strong glass to locate it. Early die state, Breen state I, before any die cracks. Nicely struck with just a bit of weakness on the E in CENT. The obverse is centered on the planchet while the reverse is very slightly off center to K-9 leaving very long dentils along the right edge of that side. Called MS65 Choice and tied for CC#1 honors with one other piece in the Noyes census, his photo #20738. The piece Noyes has tied with this cent is similar but retains far less mint color. Bland says MS63 and CC#1, but his grade is conservative based on seeing a photo rather than the actual coin. Ted Naftzger's envelope for this cent indicates he called it "MS-70 Mint Red" (envelope included with the lot). Our grade is Mint State-65. Comes with a wonderful provenance of numismatic luminaries. PCGS population 1 with none finer.
Estimated Value $80,000 - 100,000.
Ex Major William Boerum Wetmore-S. H. & H. Chapman 6/1906:549-Dr. Lewis H. Adler, Jr., 3/1917-B. Max Mehl-Dr. Henry W. Beckwith, S. H. Chapman 4/1923:8-Henry Chapman-Dr. George P. French-B. Max Mehl FPL 1929:107-T. James Clarke 10/1954-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$690,000
Lot 172
 1797 S-127 R4. PCGS graded AU-55. Double Struck. Sharpness AU50 with a line of contact marks in the dentils right of the bust tip and faint roughness covering the fields and protected areas on the reverse. The obverse surfaces are smooth and frosty offering excellent eye appeal, but a strong glass reveals additional traces of extremely faint roughness in the field before the portrait. No verdigris. Frosty steel and chocolate brown with a pair of darker streaks of steel brown toning crossing the reverse creating a faint "X" across that side. EDS, Breen state I. Boldly double struck. The first strike was properly centered on the planchet but the cent stayed in the press and was struck a second time after pivoting about 10 degrees at the left edge and shifting slightly to the bottom. The date on the first impression remains visible, especially the upper half of the second 7 which shows boldly in the drapery of the second strike, and LIBERTY is strongly doubled as well. Ample additional evidence of the first strike shows on both sides. Not only is this a dramatic mint error, but this cent is the finest known example of the variety. Bland grades this piece XF40 and calls it CC#1 by 10 points over the second-best example. Noyes says AU50 sharpness net VF30 and tied for CC#1 honors, his photo #21445. Our grade is AU50 net VF35. On the Naftzger envelope, which is included with the lot, he notes that the date reads "17977" and he calls the reverse streaks of darker toning "the Prussian Cross." In addition, inside the main envelope is another smaller one that includes handwriting from Clapp, Newcomb, and Hines, what Ted calls "The Big Three." (Ted Naftzger wrote extensively on his coin envelopes and they are important collector's items themselves.) PCGS population 1 with none finer.
Estimated Value $3,000 - 5,000.
Ex Charles J. Augustin-Thomas L. Elder 1/1931:1648-James G. Macallister-Henry C. Hines-Dr. William H. Sheldon 1948-Admiral Worthington S. Bitler 8/1960-Abe Kosoff 4/1961-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$14,950
Lot 173
 1797 S-140 R1. PCGS graded MS-66 Red & Brown. Reverse of 1797 with Stems. Highly lustrous light bluish steel brown with 30% of the slightly faded mint color remaining on the obverse and traces of mint red showing through in protected areas on the reverse. A wonderful specimen, virtually flawless with outstanding cartwheel luster and a sharp strike. The only marks are a couple tiny spots of darker toning at the left foot of the T in LIBERTY and another hidden in the hair well left of the earlobe, plus a few microscopic planchet chips in the field left of the hair ribbon, as struck. A remarkable example worthy of the very finest collection. Sharply struck EDS, Breen state I. This is the plate coin for the variety in Sheldon's Penny Whimsy and in the Noyes book with both the obverse and reverse pictured in both references. Called MS65 and finest known in the Bland census. Noyes calls this piece MS63 and CC#1 by a wide margin as the only mint state example in his list, Noyes photo #21269. Our grade is Mint State-66. Ted called this piece MS70 and noted thus on his envelope, which is included with the lot. PCGS population 1 with none finer. In fact, this is the only RB example of the variety graded by PCGS.
Estimated Value $40,000 - 50,000.
Ex Howard R. Newcomb, J. C. Morgenthau & Co. #458, 2/7 1945:170-T. James Clarke 1949-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$189,750
Lot 174
 1797 S-140 R1. PCGS graded MS-64 Brown. Reverse of 1797 with Stems. Attractive lustrous bluish steel brown and chocolate with peeps of faded mint color in protected areas on both sides. The surfaces are satiny and this cent is very choice except for a mint-made planchet lamination in the field off the ribbon ends. There is another far less visible lamination hidden in the hair right of the hair ribbon and a tiny one at the right foot of the T in LIBERTY, all as struck. Otherwise this cent offers superior eye appeal in every respect. M-LDS, Breen state VII. The area over ST in STATES shows clear clashmarks from the dentils and the bust area is swollen. The obverse is plated in the Noyes book to illustrate the later die state of the obverse die. Called MS62 and CC#2 behind the prior lot in this sale (and they are the only mint state examples known to Bland). Noyes calls this one MS60 sharpness net AU50 for the planchet defects and tied for CC#2 in his list. The Noyes photo for this one is #21089. Our grade is Mint State-63. PCGS population 1 with none finer in Brown and only the prior lot graded in Red & Brown.
Estimated Value $8,000 - 10,000.
Ex Charles R. Mathewson 1955-Copley Coin Co.-Dorothy Paschal-John W. Adams-Stephen L. Brown-John G. Wood 7/3/80-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$14,375
Lot 175
 1798 S-161 R2. NGC graded MS-63 Brown. Style I Hair with Small 8. Lustrous chocolate brown with satiny mint frost covering the fields on both sides. Just the barest hint of rub on the highest points of the design from mint state. The only marks, and they are barely visible, are a very thin nick in the field before the neck, a couple light contact marks at the top of the wreath, a small spot of slightly darker toning on the 7 in the date, and another spot of dark toning on the leaf above the right wreath stem. Nicely struck E-MDS, Breen state IV late. This is the Noyes plate coin for the variety, his photo #20613. Called AU55 and tied for CC#3 in the Bland condition census. Noyes says EF45 and tied for CC#7 overall but finest of the die state. Our grade is About Uncirculated-55. NGC population 1 with none finer.
Estimated Value $8,000 - 10,000.
Ex Carl Wurtzbach-Virgil M. Brand-Emanuel Taylor 10/1960-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$17,250
Lot 176
 1798 S-164 R4. NGC graded MS-62 Brown. Style I Hair with Small 8. Mint state sharpness but very lightly cleaned long ago and now retoned a very attractive and quite natural looking glossy light chocolate and medium brown with satiny mint frost covering the reverse fields. No notable spots, stains, or other defects. The eye appeal is excellent. MDS, Breen state IV, with obvious die roughness on the obverse, especially in the field before the portrait. Called Mint State sharpness net AU50 and CC#2 in the Noyes and Bland census lists, Noyes photo #21132. Our grade is About Uncirculated-55. The Naftzger envelope, which accompanies the lot, shows Ted considered this to be the finest example of the variety. Comes with a long provenance of distinguished numismatists. NGC population 1 with none finer.
Estimated Value $8,000 - 10,000.
Ex Edouard Frossard 9/1878-unknown-Burdette G. Johnson-Mary Hedgcock Sheffield-Hans M. F. Schulman 4/1951:1115-C. Douglas Smith 1958-Louis Helfenstein, Lester Merkin 8/14/1964:15-Richard Picker-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$16,675
Lot 177
 1798 S-172 R2. PCGS graded MS-63 Brown. Style II Hair with Small 8. Lustrous bluish steel and chocolate with hints of faded mint color peeking through in protected areas. The surfaces are satiny and choice except for an old pinscratch in the field left of the lowest curl. Sharply struck MDS, Breen die state IV, with a cud break joining the top of the Y in LIBERTY to the rim above. The repunching on the M in AMERICA is clear. In addition, there is a rather strong, wide double profile on the forehead, nose, and chin of Ms. Liberty. (The "strong double profile" feature is noted on the Naftzger envelope that is included with the lot.) Called MS63 Choice and finest known in the Noyes census, his photo #21177. Bland says MS60 and tied for CC#1 honors with one other piece. Our grade is Mint State-62. PCGS population 1 with none finer.
Estimated Value $12,000 - 15,000.
Ex V. O. Snelgrove-Fred N. Kahn (via Del Bland) 12/7/77-R. E. Naftzger, Jr. (The Naftzger envelope indicates Del Bland obtained the coin from William J. Wright in Asheville, NC, on 12/7/77. Del later corrected the provenance in the Breen census listing.).
View details and enlarged photos 		Realized
$31,050
Lot 178
 1798 S-179 R2. PCGS graded MS-65 Brown. Style II Hair with Small 8. Frosty light brown with delicate overtones of light bluish steel on the reverse. Satiny luster covers the entire planchet, including the highest points of the design. The only mark of any significance is a thin horizontal streak of darker toning in the field off the chin. Sharply struck M-LDS, Breen state IV, with minor swelling in the field left of the lowest curl and a thin rim cud break over ME in AMERICA. The wreath is needle-sharp with full, crisp veins in all the leaves. Ted called this cent a "Golden Biscuit" as noted on his envelope. Ted added in his distinctive handwriting and green ink that he laid off the lot when it appeared in the Garrett sale because his friend, C. Douglas Smith, had only an XF45 of the variety and wanted the lot. Unfortunately Doug failed to win the lot in the Garrett sale where it brought $18,000.00. Ted added on the envelope that he subsequently obtained the coin "from Stanley Kesselman 12/29/80 in exchange for an AU cleaned Chain cent." Obviously Mr. Naftzger thought very highly of this cent and kept his sights on the target. It's a satiny beauty called MS65 Choice and tied for CC#1 in the Noyes census, his photo #21582. This is the Noyes plate coin for the variety. Bland says MS63 and tied for CC#2. Our grade is Mint State-63. PCGS population 1 with none finer.
Estimated Value $20,000 - 25,000.
Ex Pierre Edouard LeGras (Paris)-Edouard Frossard #25, 11/1882:184-T. Harrison Garrett-Robert Garrett 1919-John Work Garrett-Johns Hopkins University, Bowers & Ruddy 11/28/79:91-Stanley Kesselman 12/29/80-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$207,000
Lot 179
 1800 S-197 R1. PCGS graded MS-64 Red & Brown. The "Q-Variety." Lustrous steel brown with 5% of the mint red remaining on the obverse, 20% on the reverse. The surfaces are covered with satiny mint frost that give this cent outstanding eye appeal. The only marks are a couple pre-striking planchet chips on the cheek, a microscopic scratch just below the curl on the neck, and a pair of small spots of darker toning (one in the hair left of the forehead and a second very low on the neck). MDS, Breen die state III. The usual small cud breaks at IBE are strong and the namesake "Q" break through the first 0 in the date is clear. (It should be noted here that Breen's first marker for his die state III, "Nearly horizontal cracks across the upper part of the hair and from the hair to 8" are in error. The "die cracks" in the hair are arcing die lines, similar to pantograph lines, that are present in all die states. His crack "from the hair to 8" is a die clash mark rather than a crack.) Called MS63 and finest known in both the Noyes and Bland census lists. Noyes used this coin to illustrate the variety in his book on the cents of 1793-1814, his photo #21007. Our grade is Mint State-63. PCGS population 1 with none finer.
Estimated Value $17,500 - 20,000.
Ex Thomas L. Elder 7/24/1945-Leonard M. Holland-Pennypacker Auction Centre 5/1959-Louis Helfenstein, Lester Merkin 8/14/1964:18-E. I. Unterman, Lester Merkin 10/31/73:306-Andrew M. Hain-Dennis E. Steinmetz-1980 ANA Sale, Steve Ivy Auctions, lot 951-Stanley Kesselman-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$69,000
Lot 180
 1801 S-214 R3. PCGS graded MS-63 Brown. Lustrous bluish steel and light olive brown with faded mint red showing in protected areas, especially on the obverse. The only mark is a tiny horizontal nick in the field close under the end of the chin. The surfaces are satiny and the mint frost is unbroken. A very attractive cent that would qualify for gem status except for the weak strike on the bust and the opposing area at S-OF. Breen mentions this strike problem on page 614 of his book where he states "Often weak on the profile and end of drapery, lower right obverse dentils, some leaves on the right branch, S OF, and upper right border, reflecting axial die misalignment of state III." M-LDS, Breen state III. Called MS63 Choice and tied for CC#1 honors with the ANS example in the Noyes census list, his photo #21715. Bland also says MS63 and tied for finest known with the ANS piece. Our grade is Mint State-63. The obverse of this cent is plated in Dr. Sheldon's Early American Cents. PCGS population 1 with none finer.
Estimated Value $16,000 - 18,000.
Ex Howard R. Newcomb, J. C. Morgenthau & Co. #458, 2/7/1945:313-Barney Bluestone-Charles J. Dupont, Stack's 9/24/54:316-Abe Kosoff-R. E. Naftzger, Jr., New Netherlands Coin Co. 11/14/73:528-R. E. Naftzger, Jr.-Auction '81 (Paramount Rare Coin Corp.), 7/24/81:1052 (via Stanley Kesselman)-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$17,250
Lot 181
 1801 S-215 R4. PCGS graded MS-64 Brown. Lustrous steel brown with 10% of the original mint red remaining. The surfaces are satiny and the eye appeal is excellent. Microscopic specks of darker toning show in the fields on both sides, but they are barely visible under magnification. The only contact marks are a few tiny ticks around the fraction. MDS, Breen state IV late. The die cracks at the lower curls are clear and the swelling left of the date is obvious. The die clashmarks at the top of the reverse are strong. Both dies were failing quickly and the extent of the failures is exquisitely preserved on this outstanding cent. Called MS65 and CC#1 as the only mint state example in the Bland census. Noyes says MS63 Choice and tied with one other example for CC#1 honors (a piece that Bland says grades only AU55). Noyes photo #21760. This is the Noyes plate coin for the variety. Our grade is Mint State-63+, close to MS64. This cent comes with a C. Douglas Smith envelope annotated by Ted Naftzger. Doug's typed message on the envelope includes part of Dr. Sheldon's description of this cent in the Dupont sale catalog as "a numismatically perfect piece.a blazing red 70-coin and undoubtedly the star of the collection.Unmatched." Well, the numerical grading standards may have changed a bit over the years, but this cent remains a fantastic example for us to enjoy today. PCGS population 1 with none finer.
Estimated Value $30,000 - 35,000.
Ex Barney Bluestone #45, 10/1939:763-Charles J. Dupont, Stack's 9/24/54:318-C. Douglas Smith-Abe Kosoff 8/14/57-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$92,000
Lot 182
 1801 S-217 R6+. PCGS graded AU-50. Glossy dark chocolate and steel brown. The planchet is free of any hint of corrosion or verdigris. There are a few trivial contact marks scattered about, mostly on the obverse where they are lost amid the strong die clashmarks. The only notable marks are a faint hairline scratch from the earlobe to the throat, a dull vertical nick in the field well below the end of the hair ribbon, and two dull diagonal nicks in the field behind the head. Late die state, Breen III, with heavy die clashmarks on the obverse and obvious bulging at the bust and in the field and curls under the hair ribbon. The strike is weak on the upper part of the reverse due to the opposing swelling at the bust and lower curls. The Naftzger envelope contains a notation by Ted regarding the severe obverse die injuries from clashing and he calls this the "Rarest of 3-digit S. (Sheldon) varieties." Called EF40 Average Plus and tied for CC#1 in the Noyes census, his photo #21627. Bland says EF40 and CC#2 behind the slightly sharper but lightly corroded example Noyes has tied with this piece for finest honors. In fact, Noyes lists the other EF40 piece slightly behind the example offered here due to the defects present on that coin. Our grade is Extremely Fine-40. PCGS population 1 with 1 finer (the other EF40 mentioned above).
Estimated Value $40,000 - 50,000.
Ex Charles J. Dupont, Stack's 9/24/54:321-Abe Kosoff-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$41,400
Lot 183
 1802 S-225 R3. NGC graded MS-64 Brown. Lustrous light to medium chocolate brown with darker chocolate toning in protected areas. Bluish steel overtones cover the fields on both sides. The fields are hard and slightly reflective giving this cent outstanding eye appeal. In fact, this piece has been called a "Presentation Strike" by prominent numismatists over the years, including Howard R. Newcomb, Floyd T. Starr, C. Douglas Smith, and Ted Naftzger. Talk about gravitas! The only marks are a small swipe of lighter brown toning at the leaves left of ONE CENT plus a few tiny spots of similar toning inside the wreath. E-MDS, Breen state III, before the rim cud break forms below the date. Would rate a slightly higher grade but some of the leaves in the wreath are not fully struck. The remaining details, however, are very sharp. Called MS62 and tied for CC#2 in the Noyes census, his photo #21676. Bland says MS60 and tied for CC#5. Our grade is Mint State-62. Ted's envelope, which accompanies the lot, shows he called this cent "MS-63, prooflike Presentation Piece" with an additional notation that C. Douglas Smith called this "one of the three Presentation Pieces." This is the Newcomb plate coin for the variety, both the obverse and reverse, in his book on the cents of 1801-1803. Comes with an wonderful provenance, as you would expect. NGC population 1 with none finer.
Estimated Value $10,000 - 12,000.
Ex Henry L. Jewett-S. H. Chapman 6/1909:1671-Howard R. Newcomb, J. C. Morgenthau & Co., #458, 2/7/1945:336-Floyd T. Starr, Stack's 6/13/84:38-Dr. Allen Bennett (via Dr. Robert J. Shalowitz 2/5/88)-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$18,975
Lot 184
 1802 S-231 R1 Stemless Wreath. PCGS graded MS-64 Red & Brown. Attractive lustrous steel brown with at least 15% of the original mint color remaining. There is a small area of slightly darker chocolate brown toning at ERT in LIBERTY and a couple small, barely visible spots of similar toning in the field left of the hair ribbon, plus a small swipe of dark steel toning at the leaf tip below the first T in STATES. The only contact mark visible with the aid of a strong glass is a thin nick high on the neck. Great eye appeal, and the reverse qualifies for gem status. Nicely struck E-MDS, Breen state II, before the die crack at RTY. Called MS63 and CC#1 in the Noyes census, his photo #20100. Bland says MS63 and finest known as well. Our grade is Mint State-63+. This is the undisputed finest known Stemless Wreath 1802 cent known, regardless of the die variety. Both sides of this cent are plated in the 1879 Frossard monograph and it is the plate coin for the variety in the Noyes book. PCGS population 1 with none finer.
Estimated Value $12,000 - 15,000.
Ex George W. Merritt-Edouard Frossard 1/1879:142-Thomas Warner-S. H. & H. Chapman 6/1884:3015-Richard B. Winsor-S. H. & H. Chapman 12/1895:876-S. H. & H. Chapman-unknown-Charles J. Dupont, Stack's 9/24/54:367-Dorothy Nelson, Stack's 2/76:64-Jesse Iskowitz-Steve Wander-Daryl Mercer (Tebo Coin Co.) 5/1980-Del Bland 6/80-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$71,875
Lot 185
 1802 S-232 R1. PCGS graded MS-64 Brown. Glossy light brown delicately mottled with darker steel brown. Frosty tan peeks through in some of the protected areas. The surfaces are lustrous with attractive cartwheel under the glossy toning. There are a half dozen tiny, barely visible specks of darker toning on each side, and some of these specks contain traces of carbon. The most noticeable of these spots is under the bust tip. Only a few trivial contact marks, including a tiny hairline scratch under the right base of the E in ONE. Late die state, Breen state VII, with a strong cud break at ATE that joins TE to the rim above. The reverse is plated in the Noyes book to illustrate the late state of that die. Called MS60 and tied for CC#2 in the Bland census. Noyes says MS60 net AU50 and tied for CC#7, his photo #21720. Our grade is Mint State-60. PCGS population 1 with none finer.
Estimated Value $10,000 - 12,000.
Ex Charles M. Williams, Numismatic Gallery #68, 11/1950:194-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$13,225
Lot 186
 1803 S-243 R2 Stemless Wreath. PCGS graded MS-66 Red & Brown. Highly lustrous light bluish steel brown and chocolate with 10% of the mint color remaining on the obverse and nearly half the mint color showing on the reverse. The surfaces are satiny and the luster is unbroken as it flows over the devices and highpoints of the design. The only marks are a small swipe of lighter and darker toning mixed together in the field near the dentils behind the head and a microscopic planchet flake low on the neck. The reverse is an absolute gem, flawless in every respect. Sharply struck E-MDS, Breen state II, with faintly clashed dentils impressed over ERICA. The repunched second S in STATES and doubled fraction bar features are bold, and the stemless wreath feature is obvious to the unaided eye. This is the finest 1803 cent with a Stemless Wreath, a great mate to the similarly esteemed 1802 Stemless Wreath cent offered a couple lots earlier. This is the Noyes plate coin for the variety. Called MS67 Choice and finest known in the Noyes census, his photo #20006. Bland says MS63 and tied for CC#1 honors. Our grade is Mint State-65. PCGS population 1 with none finer.
Estimated Value $30,000 - 40,000.
Ex Ira S. Reed 9/3/1943-Leonard M. Holland-Pennypacker Auction Centre 5/1959-Louis Helfenstein 2/20/1960-C. Douglas Smith 4/60-Louis Helfenstein 3/61-C. Douglas Smith-Louis Helfenstein, Lester Merkin 8/14/64:30-Richard Picker-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$241,500
Lot 187
 1803 S-249 R2 Corrected Fraction 100/000. PCGS graded MS-64 Brown. Lustrous medium brown with darker steel brown toning on the highpoints and satiny light bluish steel overtone in the protected areas. The only mark is a tiny spot of darker toning touching the leaf under the D in UNITED. Nicely struck E-MDS, Breen state II. The "Mumps" break at the throat is strong and there is a bit of minor swelling near the dentils off the tip of the bust. No die cracks, only some very fine die clashmarks on both sides. The corrected fraction feature is bold, and this is the finest or at least tied for the finest example known of the 1803 with Corrected Fraction feature. Called MS65 choice and tied for finest known in the Noyes census, his photo #20746. Bland says MS65 and CC#1 by itself. Our grade is Mint State-64. Ted's envelope has a notation in Ted's handwriting that states "Gordy (Gordon Wrubel) says FK (Finest Known)." This is the Noyes plate coin for the variety. PCGS population 1 with none finer.
Estimated Value $20,000 - 25,000.
Ex New England Rare Coin Galleries (Jim Halperin) FPL 9/1974-Manfra, Tordella & Brookes-Gordon J. Wrubel 2/75-R. E. Naftzger, Jr. (although Ted's notes on the envelope say this piece went directly from NERCG to Gordon Wrubel in 12/74, then to Ted on 2/75).
View details and enlarged photos 		Realized
$71,875
Lot 188
 1803 S-251 R2. PCGS graded MS-64 Brown. Small Date with Small Fraction. Glossy light to medium brown with frosty golden tan faded down from mint color in the protected areas and darker steel brown toning on the highpoints. There are a couple subtle splashes of slightly darker brown toning on the obverse, the largest of these in the field just above the bust. The only contact marks are a fine pinscratch near the dentils left of the lowest curl and another near the dentil tips over D-ST. MDS, Breen state III. The fine die crack from the dentils right of D in UNITED passes through the wreath and fades away as it approaches the space right of the F in OF. Called MS60 and tied for CC#3 in the Bland census. Noyes says MS60 net AU55 and tied for CC#3, his photo #21234. Our grade is Mint State-60. The reverse of this cent is plated in the Newcomb book on the cents of 1801-1803. PCGS population 1 with none finer.
Estimated Value $8,000 - 10,000.
Ex Matthew Adams Stickney, Henry Chapman 6/1907:1531-J. E. Cunningham-Howard R. Newcomb, J. C. Morgenthau & Co. #58, 2/7/1945:414-Milton A. Holmes, Stack's 10/7/60:1438-Dr. E. Yale Clarke, Stack's 10/25/75:64-C. Douglas Smith 4/23/79-R. E. Naftzger, Jr., Auction '81 (Stack's) 7/24/81:1512-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$17,825
Lot 189
 1803 S-254 R1. PCGS graded MS-62 Brown. Small Date with Small Fraction. Glossy chocolate and steel brown with frosty light brown in protected areas, especially on the reverse. The surfaces are smooth and display only a few trivial marks. A speck of dark toning at the dentils left of the lower end of the hair ribbon and a small splash of darker chocolate toning on the base of the right wreath stem, plus a couple more small splashes of darker chocolate near the dentils at the top of the reverse are the notable marks that can help identify this cent. (Identifying this cent was an important factor in determining its proper owner. It resided for many years in the ANS Museum collection until it was transferred to Ted Naftzger on 1/26/2001 in exchange for the piece Ted bought from Dr. Sheldon on 4/19/1972. It was determined that the Sheldon coin was obtained improperly from the ANS, and following some legal wrangling, a swap was made transferring this piece to Ted in exchange for the original ANS example. And that's one reason why it's advisable to document a few identifying marks on every coin, no matter how perfect they may appear to the naked eye.) EDS, Breen die state I. There are die clashmarks on the obverse but no die cracks on either side. Called AU55 net AU50 and tied for CC#16 in the Noyes census, his photo #39557. Our grade is AU50+, close to AU55. PCGS population 1 with 1 finer in MS64.
Estimated Value $3,000 - 5,000.
Ex ANS Museum 1/26/2001-R. E. Naftzger, Jr. (Comes with the ANS Museum envelope but no additional provenance information. It is reasonable to assume this cent was once owned by Dr. Sheldon.).
View details and enlarged photos 		Realized
$7,763
Lot 190
 1803 S-263 R3. EF-40. Small Date with Small Fraction. Ten points sharper with traces of extremely faint roughness on both sides. No notable signs of verdigris and only a few light contact marks, but the color is a bit blotchy. Glossy chocolate brown tones ranging from light to very dark. There are some faint abrasions hidden in the toning off the bust tip and left of the lowest curl, plus a half dozen tiny pinpricks in the leaves under the second A in AMERICA. Nicely struck LDS, Breen state VII. The cud and die cracks are all strong. Ted's envelope mentions the reverse die state "must be final for #263, it is identical to my #264, Hughes." Called EF40 and tied for CC#9 in the Bland census. Noyes says EF45 net VF30 and tied for CC#9, his photo #21055. Our grade is AU50 net EF40.
Estimated Value $3,000 - 5,000.
Ex Lester Merkin 6/26/70:43-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$3,220
Lot 191
 1803 S-264 R4+ Large Date with Small Fraction. PCGS graded VF-35. Rather glossy chocolate and olive brown with the devices a shade or two lighter than the protected areas. There are no significant marks and the eye appeal is quite nice for the grade. The surfaces appear perfectly smooth to the unaided eye, but a strong glass reveals traces of extremely faint roughness in the fields and protected areas, strongest at F-A where there is a collection of very tiny pitmarks. There is no verdigris and the only notable sign of contact is a fine, old pinscratch in the field before the lower half of the neck. Nicely struck EDS, Breen state II. (This is the earliest die state for the variety as Breen's state I can't exist as he described it.) Called VF25 and tied for CC#1 in the Noyes census, his photo #21235. This is the plate coin for the variety in the Noyes book. Bland says VF20 and tied for CC#2. Our grade is Very Fine-25. Ted Naftzger's envelope notes in his handwriting that this piece is the "Earliest State" and that this example was unknown to Dr. Sheldon. The note goes on to explain how Ted obtained this cent. "2/15/75 at EAC/NY, I exchanged my 1801 NC-1, VF-35 x-WHS (Dr. Sheldon), even money; with DWL (Denis W. Loring), who had obtained this S264 from the Great Shal (Dr. Robert J. Shalowitz)." Then on the back of the envelope flap he added above the notation of a prior owner that this cent is the "Prop of the Great Shal" his own comment "formerly/TEE HEE". Ted had a nice sense of humor. This is one of three examples of the famous Large Date with Small Fraction variety tied for finest known honors, and all three of them have imperfect surfaces. Of the three, this piece appears to have the fewest imperfections. An extremely important example of this rare "Redbook" variety. PCGS population 1 with none finer.
Estimated Value $35,000 - 45,000.
Ex J. J. Teaparty 12/1973-William K. Raymond 12/73-Dr. Robert J. Shalowitz 2/74-William K. Raymond 3/74-J. J. Teaparty 9/74-Denis W. Loring 11/74-Alan J. Brotman (Numismatic Gallery) 1/75-Denis W. Loring 2/75-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$57,500
Lot 192
 1804 Restrike in Copper. PCGS graded MS-66 Brown. Choice lustrous medium brown with generous traces of original red color showing, especially on the obverse. The surfaces are satiny and flawless. No spots, stains, contact marks, or planchet flaws. Later die state with heavy die rust evident on the obverse and the hair details below the ear lapped away. The reverse on this restrike variety is often found at various angles relative to the normal head-to-foot coin orientation, and this one is rotated 15 degrees clockwise. This so-called "restrike" is actually a non-mint product struck prior to 1868 using scrap dies acquired by Joseph J. Mickley. The obverse die is from the 1803 S-261 marriage while the reverse is from the 1820 N-12 die pair. Both dies were rusted when obtained and, after the date was altered from 1803 to 1804, the dies were polished to reduce the roughness thereby weakening the designs somewhat. These restrikes helped collectors fill the relatively difficult 1804 spot in their collections, but only the uninitiated could be fooled into thinking they were genuine 1804 cents. Regardless, they have remained popular with collectors ever since. Our grade is Mint State-65. PCGS population 4 with none finer.
Estimated Value $1,500 - 2,000.
Ex Willard C. Blaisdell 5/75-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$7,188
Lot 193
 1804 Restrike in Copper. Good-4. Glossy medium brown. The obverse is slightly better while the reverse is a bit weaker, but the date is strong. Both sides display shallow corrosion in a few areas while the majority of the planchet is smooth. A sharp nick on the back of the head is the only significant sign of contact. The reverse is rotated 45 degrees clockwise. This "restrike" variety is seldom found heavily worn. (See the prior lot for more information regarding the background of these "restrikes.") Perhaps this example was used as a pocket piece, maybe it was circulated in commerce alongside "normal" cents, or possibly someone purposely wore this piece down in an attempt to make it look more like a genuine 1804 cent so they could fool a collector. Pure speculation of course, and we will never know for sure. Regardless, this piece offers a good opportunity to obtain one of these popular non-mint products without paying a high-grade price.
Estimated Value $200 - 250.
Ex Admiral Worthington S. Bitler, A-Mark Coin Co. 3/17/73:217-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$483
Lot 194
 1805 S-267 R1. NGC graded MS-63 Brown. Lustrous steel brown and chocolate with traces of very faded mint red remaining in protected areas of the reverse. Lighter brown toning arcs down the left side of the reverse. The surfaces are satiny and the eye appeal is outstanding. The only marks are a few tiny ticks on the shoulder, a couple more in the hair over the ear, and another barely visible one on the front edge of the neck where it reaches the bust. These marks are well hidden and barely visible, even with the aid of a glass. A very attractive example for the grade, close to choice. Called MS60 and tied for CC#4 in the Noyes census, his photo #20691. Bland also says MS60 but tied for CC#5 in his list. Our grade is Mint State-60+. Comes with a fantastic provenance. NGC population 1 with 1 finer (MS65BN).
Estimated Value $8,000 - 10,000.
Ex Henry C. Miller-Thomas L. Elder 4/1917:801-"FR"-Colonel E. H. R. Green-Burdette G. Johnson (St. Louis Stamp & Coin Co.)-Barney Bluestone-Judge Thomas L. Gaskill, New Netherlands Coin Co. (privately) 11/56-Dorothy Paschal, New Netherlands Coin Co. #50, 12/1957:1254-Elliot Landau, New Netherlands Coin Co. #52, 12/1958:122-Floyd T. Starr, Stack's 6/13/84:43-Herman Halpern 12/11/86-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$16,100
Lot 195
 1805 S-268 R3. PCGS graded AU-55. Glossy chocolate and steel brown. The surfaces are perfectly smooth and quite attractive. The only marks are a short, light pinscratch near the dentils right of the date and a faint diagonal hairline scratch on the cheek. Otherwise this cent is flawless. MDS, Breen die state II, with faint die clashmarks at the throat but no die swelling on either side. The is the plate coin for the variety in the Breen and Noyes books on the series. Called AU50 net EF45 and finest known in the Noyes census, his photo #23075. Bland says AU50 and finest known by a full 10 points. This cent comes with a typed envelope from C. Douglas Smith where he states "Finest known by a goodly margin." Looks like his assessment has held up over the years. Our grade is About Uncirculated-50. PCGS population 1 with none finer.
Estimated Value $4,000 - 6,000.
Ex W. G. Kimball 9/1893-Dr. Thomas Hall 9/7/1909-Virgil M. Brand-New Netherlands Coin Co., privately, 5/17/52-C. Douglas Smith-Dr. Robert A. Schuman 9/1999-Tony Terranova & Chris McCawley 3/2000-R. E. Naftzger, Jr. (According to Tony Terranova, the S-268, S-269, S-272, and S-275 cents offered in this sale were the last large cents Ted acquired, thus bringing to a close a remarkable collecting quest that lasted more than half a century.).
View details and enlarged photos 		Realized
$17,825
Lot 196
 1805 S-269 R1. PCGS graded MS-61 Brown. Pointed 1 in Date. The obverse is very choice lustrous medium steel brown with flawless, satiny surfaces and superb eye appeal. The reverse, however, is afflicted with tiny splashes of reddish chocolate toning on otherwise frosty light olive and steel surfaces. A few of these splashes contain microscopic specks of carbon. The reverse shows no notable signs of contact, but the uneven toning is a significant distraction. Sharply struck MDS, Breen state III, with a very delicate bulge at the dentils left of the lowest curl. This is the Breen plate coin for the variety. The lot comes with a typed envelope from C. Douglas Smith where he mentions the census grade of this cent is AU55, but he adds "Correct grade: MS60." Certainly understandable given the outstanding obverse. Called AU55 and tied for CC#2 in the Bland census. Noyes says MS60 net EF45 and tied for CC#8, his photo #23085. Our grade is About Uncirculated-50. PCGS population 1 with none finer.
Estimated Value $3,000 - 5,000.
Ex Dudley R. Child-Lyman H. Low 2/1908:242-Henry Chapman 6/1909:767-Clarence S. Bement, Henry Chapman 5/1916:318-S. H. Chapman-Dr. Christian A. Allenburger-B. Max Mehl #111, 3/1948:569-Floyd T. Starr, Stack's 6/13/84:44-C. Douglas Smith-Dr. Robert A. Schuman 9/1999-Tony Terranova & Chris McCawley 3/2000-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$10,925
Lot 197
 1807 S-271 R1 Comet Obverse. PCGS graded MS-63 Brown. Glossy chocolate and steel with frosty golden tan faded down from mint color covering the protected areas on both sides. Fantastic eye appeal in spite of showing the barest hint of rub on the highest points of the design. Mint luster covers the fields on both sides. The only defects, and they are barely visible, are a couple very tiny ticks on the shoulder and lower part of the neck. M-LDS, Breen state IV, Iskra die state III late. The "Comet" die flaw behind the head is strong and additional parallel flaws show elsewhere in the obverse fields. Called AU55 Choice and tied for CC#6 in the Noyes census, his photo #21038. Bland says AU55 and tied for CC#6. Our grade is Mint State-60. The Naftzger envelope shows he graded this piece MS60+, and it is easy to see why he thought so highly of it. PCGS population 1 with 1 finer in MS64.
Estimated Value $10,000 - 12,000.
Ex Dr. George P. French 3/21/29-B. Max Mehl 1929 FPL, lot 348-H. A. Stoddard 1934-B. Max Mehl Collection-Ted & Carl Brandts (Celina Coin Co.) #12, 2/1945:129-T. James Clarke 1949-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr., New Netherlands Coin Co. 11/14/73:588-Stack's-John L. Roper II, Stack's 12/8/83:455-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$37,950
Lot 198
 1807/6 S-272 R4+ Small Overdate 7 over 6. PCGS graded AU-53. Glossy dark steel brown and chocolate with frosty lighter brown toning in protected areas, especially on the reverse. The surfaces are smooth and quite attractive with only a light touch of wear on the highpoints. The notable marks are a small pinprick in the field off the mouth and a small spot of darker toning just left of the numerator of the fraction. Sharply struck MDS, Breen state II. The fine die clashmarks are clear on both sides and the overdate feature is bold. A fantastic example of this famous overdate variety, one of the toughest "Redbook" varieties to locate in high grade. The variety is unknown in mint state and the finest example known behind the coin offered here grades only Very Fine. This cent is plated in the Noyes and Breen books to illustrate the die variety. Called EF45 and CC#2 in the Bland census. Noyes says AU50 net EF40 and CC#2, his photo #23156. Our grade is Extremely Fine-45. PCGS population 1 with 1 finer in AU55.
Estimated Value $40,000 - 50,000.
Ex an old lady in Boonville, NY, who was born in 1807 and saved this cent as a memento-J. S. Twining-W. Elliot Woodward #83, 4/1886:688-Dr. George P. French 3/21/29-B. Max Mehl 1929 FPL, lot 345-T. James Clarke 10/1954-R. E. Naftzger, Jr., New Netherlands Coin Co. 11/14/73:589-Charles E. Harrison-C. Douglas Smith-Herman Halpern, Stack's 3/16/88:258-C. Douglas Smith-Dr. Robert A. Schuman 9/1999-Tony Terranova & Chris McCawley 3/2000-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$172,500
Lot 199
 1807/6 S-273 R1 Large Overdate 7 over 6. PCGS graded MS-64 Brown. Choice frosty light golden brown and tan with darker steel toning on the highpoints. The surfaces are lustrous and free of any notable defects. No spots, stains, or contact marks. The best identifying mark is a small patch of microscopic planchet roughness, as struck, at the left corner of the eye. Excellent eye appeal. Late die state, Breen state IV, with a strong rim cud over STA and obvious swelling in the field left of the lower curls. The obverse is very slightly misaligned to K-4.5 while the reverse is well centered on the planchet. Called MS63 Choice and CC#3 in the Noyes census, his photo #21488. Bland says MS61 and tied for CC#3, but he intentionally assigned a conservative grade based on viewing a photo rather than the actual coin. I suspect he will adjust his assessment upward when he sees this beautiful cent. Our grade is Mint State-63. A truly beautiful example of the Large 7 over 6 overdate variety. PCGS population 1 with one finer graded MS65.
Estimated Value $15,000 - 20,000.
Ex Charles R. Mathewson 1955-Copley Coin Co-Dorothy Paschal 1/27/56-C. Douglas Smith-Louis Helfenstein, Lester Merkin 8/14/64:41-Stack's-Dr. E. Yale Clarke, Stack's 10/25/75:71-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$40,250
Lot 200
 1807 S-275 R3 Large Fraction. PCGS graded MS-62 Brown. Glossy chocolate and dark steel brown with frosty light brown and tan faded down from mint color in protected areas. The surfaces are smooth and satiny mint luster shows through the glossy toning on both sides. This is a choice mint state cent except for a few contact marks, including a dull vertical nick low on the neck and a similar but more noticeable one in the field under the lower end of the hair ribbon. Otherwise there are only a few trivial contact marks and the eye appeal is excellent. Early die state, Breen state I, before any die swelling on the obverse. This is the plate coin for the variety in the Noyes book and both sides are plated to illustrate the variety in Dr. Sheldon's Early American Cents. Called MS60 net AU50 and tied for CC#1 in the Noyes census, his photo #21461. Bland says AU50 and CC#2. Our grade is net About Uncirculated-50. The other AU50 example (or AU55 if you follow the Bland census) is impounded in the Ashmolean Museum (Oxford University) in England, so the example offered here is the finest available to collectors. PCGS population 1 with none finer.
Estimated Value $10,000 - 12,000.
Ex C. T. Whitman-S. H. & H. Chapman 8/1893:860-Hillyer Ryder 5/1945-Wayte Raymond 1947-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr. 2/23/92-Eric Streiner-1994 Early American Coppers Sale 4/94:298-Chris McCawley 9/27/94-C. Douglas Smith-Dr. Robert A. Schuman 9/1999-Tony Terranova & Chris McCawley 3/2000-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$16,100
Lot 201
 1807 S-276 R1 Large Fraction. PCGS graded MS-62 Brown. Frosty chocolate and dark steel brown with traces of lighter brown toning in protected areas, especially on the reverse. The fields are satiny and offer excellent eye appeal. There are a few tiny ticks on the shoulder, a pair of very faint hairlines on the cheek, and a subtle splash of reddish chocolate toning under LI in LIBERTY. The only notable defect on the reverse is a small spot of very fine carbon on the ribbon left of the numerator of the fraction. Nicely struck EDS, Breen die state I, Iskra state I early. The reverse is rotated 35 degrees CCW from a normal head-to-foot orientation. Characteristic of this die state is some weakness of strike along the hair at the back of the head, on the leaves under UNITED, and on UNIT itself. Everything else is very sharp, much sharper than usually found on the variety. Called AU55 and tied for CC#4 in the Noyes census, his photo #21236. Bland says AU55 and tied for CC#4 as well. Our grade is About Uncirculated-58. PCGS population 1 with 2 finer in MS63.
Estimated Value $6,000 - 8,000.
Ex Sheraton Coin Co. 1947-Admiral Worthington S. Bitler 8/1960-Abe Kosoff 4/1961-given to Ted Naftzger in exchange for cataloging the Bitler cents for auction (as noted on Ted's coin envelope).
View details and enlarged photos 		Realized
$14,950
Lot 202
 1807 S-276 R1 Large Fraction. PCGS graded MS-63 Brown. Frosty golden light brown and tan faded down from mint color with darker steel brown highpoints. The surfaces are lustrous and the eye appeal is excellent. The only marks are a spot of darker toning in the hair right of the upper edge of the hair ribbon, a few very light nicks on the neck, and a dull nick down from the dentils left of the first S in STATES. MDS, Breen state IV, Iskra state III early, with swelling near the dentils left of the lowest curl. The reverse is rotated 170 degrees CCW, nearly upset head-to-head rather than the usual head-to-foot orientation. Called MS60 net AU55 and tied for CC#4 in the Noyes census, his photo #20138. Bland says AU55 and tied for CC#4 as well. Our grade is About Uncirculated-58+, very close to Mint State-60. PCGS population 2 with none finer. Comes with a long provenance that includes several legendary numismatists.
Estimated Value $6,000 - 8,000.
Ex Joseph J. Mickley-W. Elliot Woodward 10/1867:1989-Colonel Mendes I. Cohen-Edward Cogan 10/1875:1929-Abram S. Jenks-Edward Cogan 4/1877:728-S. H. & H. Chapman-Richard B. Winsor-S. H. & H. Chapman 12/1895:887-S. H. & H. Chapman-Major William Boerum Wetmore-S. H. & H. Chapman 6/1906:583-S. H. & H. Chapman-George Roebling, New Netherlands Coin Co. #59, 6/1967:1228-Floyd T. Starr, Stack's 6/13/84:46-Herman Halpern 12/11/86-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$23,000
Lot 203
 1810 S-285 R2. PCGS graded MS-63 Brown. Turban Head. Lustrous mottled mix of chocolate and darker olive brown with hints of tan faded down from mint color on the right side of the obverse. The surfaces are satiny and both sides display attractive cartwheel luster, but the uneven toning is a distraction. The best identifying marks, and they are barely visible, are a small spot of barely visible verdigris in the field directly below star 1 (possibly removable) and some microscopic planchet chips on the raised body of the C in CENT. Nicely struck MDS, Breen state III early, with strong die clashmarks right of ONE CENT. Stars 1-4 are not fully struck up, as usual, but the remainder show full radial lines. Called AU55 and tied for CC#8 in the Bland census. Noyes says AU55 net EF45 and tied for CC#9, his photo #20325. Our grade is About Uncirculated-55. PCGS population 1 with none finer.
Estimated Value $8,000 - 10,000.
Ex Jonathan K. Kern 2/1977-Gordon J. Wrubel 4/1977-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$17,250
Lot 204
 1814 S-294 R1 Crosslet 4. PCGS graded MS-61 Brown. Very attractive glossy chocolate and steel brown with frosty flowline luster showing in protected areas. Sharply struck with excellent eye appeal. The notable marks are a spot of dark crud on the right side of the N in ONE, another at the left top of the F in OF, and another in the dentils over the A in STATES. This crud looks like wax and may be easily removable. Otherwise a tiny vertical pinscratch between the bust tip and star 1 and a barely visible rim bruise under the end of the wreath stem can serve as good identifying marks. E-MDS, Breen state I, before the reverse die began to fail at the top. Struck very slightly off center to K-5. Called AU55 net EF45 in the Noyes census, his photo #39056. Our grade is About Uncirculated-50. This was one of the cents exchanged between Ted Naftzger and the ANS after it was determined that the S-294 he bought from Dr. Sheldon in 1972 had been improperly removed from the ANS Museum many years earlier. See the lot description for the 1803 S-254 earlier in this sale for a more complete explanation. PCGS population 1 with none finer.
Estimated Value $2,500 - 3,500.
Ex ANS Museum 1/26/2001-R. E. Naftzger, Jr. (Comes with no additional provenance information. It is reasonable to assume this cent was once owned by Dr. Sheldon.).
View details and enlarged photos 		Realized
$8,913
Lot 205
 1814 S-295 R1 Plain 4. PCGS graded MS-64 Brown. Frosty dark steel brown and chocolate with traces of lighter reddish steel brown toning faded down from mint color in protected areas. Satiny mint luster shows through the toning in the fields. Sharply struck with nice eye appeal and only a few minor marks. These include a small spot of very fine carbon under the left foot of the N in UNITED and a microscopic planchet void on the bottom edge of the line below CENT, as struck. E-MDS, Breen state III, with strong die clashmarks that create a very strong "double profile" effect along the entire nose. There is a fine die crack from the bust tip to the dentils below star 1 but the arc crack through star 11, lowest curl, and the 8 in the date has not formed. Struck very slightly off center to K-5, and this is noted on the Naftzger envelope. Called MS60 and tied for CC#6 in the Noyes census, his photo #20056. Our grade is Mint State-60. PCGS population 2 with none finer.
Estimated Value $8,000 - 10,000.
Ex R. Coulton Davis 1/1890:2562-Charles J. Dupont, Stack's 9/24/1954:522-Emanuel Taylor 10/60-R. E. Naftzger.
View details and enlarged photos 		Realized
$21,850
Lot 206
 1814 S-295 R1 Plain 4. PCGS graded AU-55. Very attractive frosty bluish steel and chocolate brown. The surfaces are satiny and the eye appeal is quite nice, but both sides display some fine brushlines and fresh fingerprints that could be removed easily to improve the overall look of this cent. A tiny tick on the upright of the L in LIBERTY and a microscopic tick over the left side of the 8 are the best identifying marks. E-MDS, Breen state IV. The die clashmark along the front edge of the nose remains clear giving a "double profile" look to Ms. Liberty, and there is a fine die crack that arcs through star 11 and the lowest curl to the top of the 8 where it fades out. Called AU55 net EF45 in the Noyes census, his photo #20432. Our grade is About Uncirculated-55. PCGS population 1 with 3 finer.
Estimated Value $2,500 - 3,500.
Ex Jim McGuigan-Dr. Robert J. Shalowitz 5/86-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$10,063
Lot 207
 1814 S-295 R1 Plain 4. PCGS graded MS-62 Brown. Frosty steel brown and chocolate with lighter golden brown toning in protected areas. Attractive flowline luster covers the fields on both sides. The only defects worthy of mention are a very faint hairline scratch from the curl before the ear to the nose and on to star 4 plus a speck of verdigris inside the top of the second S in STATES. M-LDS, Breen state XI, with die crumbling along the profile at the throat and below the upper lip (the so-called "bearded" die state), plus a rim cud break over ITE in UNITED reaching over the left edge of that D. The "double profile" clashmark along the nose has been lapped off the die and no longer shows. Called MS60 net AU55 and tied for CC#10 in the Noyes census, his photo #20338. Our grade is About Uncirculated-58. PCGS population 1 with 2 finer.
Estimated Value $3,000 - 4,000.
Ex B. Max Mehl Collection-T. James Clarke 1954 (via Abe Kosoff)-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$12,650
Lot 208
 1793 S-6 "Smith Counterfeit". Fine-12. Glossy chocolate brown. The host coin was a normal S-6 with smooth surfaces worn down to a grade of Fair-2 or About Good-3 before the obverse was very skillfully engraved into another 1793 Wreath Cent design. The engraving was done with remarkable skill and it is easy to imagine an unsophisticated collector being fooled into believing this is a genuine mint product. The "new" obverse grades Fine-12 and offers excellent eye appeal. A strong nick on the border left of the L in LIBERTY and a mint-made planchet fissure slanting through the bust tip are the only significant defects.

Electrotype Copies and Smith Counterfeits in the Naftzger Collection.
Estimated Value $1,200 - 1,500.
Ex F. C. C. Boyd (with his envelope)-Jon Hanson 12/1973-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$4,140
Lot 209
 1793 S-12 Electrotype copy of the ANS example. EF-40. Glossy medium chocolate brown with traces of the underlying darker base metal showing through on some of the highpoints. There are a couple very light rim bruises but no distracting marks. The edge is smooth, void of any edge lettering that was added to a few of these electrotypes. Ted's envelope notes "This electro was the model for a copper-foil pressing given at EAC76/NY as souvenirs to members attributing as S-12." An attractive copy of this famous cent that is the finest known of the variety.
Estimated Value $350 - 450.
Ex Gene Braig-Mark Borckardt 4/76-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$661
Lot 210
 1793 NC-2 Strawberry Leaf Electrotype Copy. About Good-3. Glossy light chocolate brown. An excellent copy that almost perfectly replicates the unique original. The surfaces are smooth and display the same details and contact marks found on the genuine piece. The edge also shows traces of the Vine & Bars edge device found on the original Wreath Cents. While you may want to wait for the unique genuine piece to become available someday, this excellent copy can fill that hole in your collection until that happens (and you win the lottery).
Estimated Value $300 - 400.
Ex William F. Ulrich 7/1961-Floyd T. Starr (via Stack's, privately) 10/89-Tony Terranova-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$1,668
Lot 211
 1793/4 Electrotype Copy of a Smith Counterfeit with 1793 Liberty Cap Reverse. VG-7. Glossy mix of chocolate and steel brown with reddish chocolate on the reverse. The underlying base metal shows through on the face and a few other highpoints. Both sides are covered with small contact marks and traces of very light roughness. The electrotype shell for the obverse was made from a 1794 cent reengraved as a "Smith Counterfeit" with a new "1793" date. The reverse shell was made from a 1793 Liberty Cap cent with Reverse-L (shared by S-13, S-14, and S-16). An improbable combination, to be sure. The edge lettering was added but it is not complete. A fantasy copy of a "counterfeit." Quite odd!
Estimated Value $300 - 400.
Ex Ira S. Reed (with the Reed ticket enclosed in the Naftzger envelope)-unknown-Tony Terranova 12/83 (as a gift)-R. E. Naftzger, Jr.
View details and enlarged photos 		Realized
$299






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