Lot 189
1848 First Restrike Proof Breen 1-B R5+. PCGS graded Proof 65 Brown. CAC Approved. Reverse of 1856. Very attractive light to medium brown with subtle overtones of bluish steel. The fields are highly reflective with moderate to deep mirrors on both sides. The only mark is a speck of darker toning in the field over star 1. Traces of microscopic die rust are visible in the field at star 8 down to the hair (as struck, a feature seen on Breen's Series III restrikes). Weight 78.2 grains. The strike is a bit weak at the curls on the neck and in the center of the reverse, and there is a high knife rim on the reverse from the F in OF clockwise to ED in UNITED, all characteristics of the lightweight series III strikes. This is the fourth coin listed in the condition census on page 424 in the Breen encyclopedia. Our grade is Proof-63+. The attribution and Missouri Cabinet provenance are shown on the PCGS label. PCGS population 1; 1 finer in 66BN (offered two lots earlier in this sale). (PCGS # 35390) .
Estimated Value $7,500-UP.
Ex Hazen B. Hinman, Sr. (Century Collection) 6/29/1964-Hinman Estate, Paramount International Coin Corporation 4/30/1965:121 ($550.00)-Bowers and Ruddy Galleries, Inc., listed in multiple issues of Rare Coin Review-Stack's Martin F. Kortjohn sale 10/19/1979:588 at ($2,400)-Roy E. "Ted" Naftzger, Jr., Stack's (Auction '89) 7/7/1989:1526-R. Tettenhorst-Missouri Cabinet (Mocab 48.2.3).
|
| |
| Realized $11,500 |
