Lot 633
1851 N-14 R2 First 1 Repunched PCGS graded MS65 Red & Brown. Lustrous original mint red just starting to mellow to light steel brown on the highpoints, 85% of the red showing on both sides. The only marks are microscopic specks of dark steel toning sprinkled over both sides, including a tiny one off the left top of the O in ONE that can serve as an identifying mark. A spectacular, nearly full red cent. Must have been very close to qualifying for an "RD" designation by PCGS. E-MDS, die state b early. The die lines at the throat and the repunching under the left end of the base of the first 1 are visible, but the repunching under the peak of that 1 is gone. Called MS66 and CC#1 in the Noyes census, his photo #30454. Our grade is MS65+, CC#1 in the Grellman census. The attribution and Naftzger provenance are noted on the PCGS label. PCGS population 2; none finer for the variety and only 2 RB graded at PCGS. Estimate Value $2,000 - UP
Ex Auction '87 (Paramount) 7/31/1987:9-Herman Halpern, Stack's 3/16/1988:663-R. E. Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 9/7/2009:1037.
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| Realized $3,525 |
