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Sale 54
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Lot 531
1804 S-266c R2. PCGS graded MS-63 Brown. Sheldon Plate Coin. Glossy medium brown and chocolate with darker steel toning in the field before the face and on the right edge of the reverse and frosty lighter brown toning covering the protected areas on both sides. A few very light vertical hairline scratches are located on the cheek and neck and a shallow pinprick shows in the field left of the upper end of the hair ribbon. There are traces of very shallow verdigris or crud around AMERICA plus a patch of extremely fine reddish roughness above TA in STATES and another in the leaves under the F in OF. Otherwise the surfaces are free of friction or other defects and the eye appeal is excellent. Sharply struck LDS, Breen state IV, with strong cud breaks over RTY and MERIC. The obverse fields are slightly reflective. Called MS60 net AU50 and finest known in both census lists, but this assessment was made before a thick layer of natural oxidation was carefully removed to uncover the underlying luster and bring out the real beauty of this outstanding cent. Our grade is AU58. This is the only 1804 cent awarded a mint state grade by any of the major grading services. As such, it is an essential part of any registry set of mint state large cents. The obverse is illustrated in Early American Cents, and both sides are plated in Penny Whimsy. Noyes photo #21370. PCGS Population 1; The finest of 3 graded at PCGS for the variety. DWH #2829.
Estimated Value $100,000-UP.
Ex William T. R. Jester-Thomas L. Elder 12/1914:13-Henry C. Hines-Dr. William H. Sheldon 1945-Sheraton Coin Co.-1947 ANA Sale, Numismatic Gallery #40, lot 882-Harold E. Whiteneck (Sheraton Coin Co.)-Copley Coin Co.-E. A. Rice-R. McAusland-Willard C. Blaisdell 2/16/75-R. E. Naftzger, Jr., 2/23/92-Eric Streiner-Jay Parrino (The Mint) 4/16/96-Jack Wadlington (via Bob Grellman & Chris McCawley) 6/30/05.
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| Realized $661,250 |
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