Lot 1508
1797 Draped Bust Cent. Reverse of 1797, stems. PCGS graded S-135. MS-64 Red & Brown. Plenty of mint red luster in the protected areas. Ideal type coin. Pop 3; 3 in 65; 2 in 66;. Full, subdued mint red toning to brown with slight evidence of planchet flaws or roughness in the centers as almost always seen. The strike better than average (well struck S-135 cents are the exception) with splendid surfaces and the diagnostic features seen on this die variety.
Sheldon-135 is one of three varieties (the other two are S-119 and S-123) made available in Uncirculated grades due to the "Nichols Find." The numismatic background has it that a bag of cents was obtained from the mint in 1797 by former Continental Congress member Benjamin Goodhue later passed thru a series of family inheritances, when were finally dispersed in the 1860s by David Nichols. Hence, the "Nichols Find." Sheldon-135 is more frequently encountered in Mint State than in Fine condition (PCGS # 1423) .
Estimated Value $25,000 - 27,500.
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| Realized $28,750 |
