Lot 264
1802 S-234 R3. PCGS graded AU-58+. CAC Approved. Frosty chocolate brown with darker steel toning on the highpoints and lots of reddish tan faded down from mint color in the protected areas on both sides. Looks choice mint state to the unaided eye but a glass reveals an area of extremely fine roughness at UNITE extending through the wreath into the area under the C in CENT. Otherwise the only defects are a few minor nicks, none notable, and an inconspicuous spot of reddish-brown planchet slag just right of the foot of the Y in LIBERTY. MDS, Breen state IV late, with a rim cud break over the B in LIBERTY that reaches down inside the dentils nearly touching the B (the first drip in the "Dripping Paint" die state). Graded AU55 net VF35 and tied for CC#8 in the Noyes census, his photo #39032. Bland says AU55 net EF45 and tied for CC#6. Our grade is AU55 sharpness net EF45. The attribution and Naftzger-Reynolds provenance are noted on the PCGS Secure label. Pop 1; 1 finer in MS64 at PCGS for the variety (PCGS # 36311) .
Estimated Value $6,000-UP.
Ex George C. Carlton, Thomas L. Elder 12/1917:710-unknown-Dr. William H. Sheldon-ANS-transferred from the ANS to R. E. Naftzger, Jr. 1/26/2001 as part of the settlement for cents switched out by Dr. Sheldon (via Bill Noyes 8/2001).
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| Realized $6,756 |
