Lot 572
1798 S-179 R2 Style II Hair, Small 8. PCGS graded MS-64 Brown. CAC Approved. Highly lustrous bluish steel and chocolate with traces of lighter steel brown faded down from mint color in a few places. The obverse is flawless, but the reverse has a half dozen small spots of darker toning, mostly around ATES. The only contact mark is a very light diagonal nick at the right top of the N in ONE. M-LDS, Breen state III, with a thin rim cud break over the M in AMERICA. Called MS60+ and CC#4 in the Bland census. Noyes says MS60 and tied for CC#5, his photo #24219. Our grade is MS62. A beautiful cent, and it comes with an important provenance. The attribution and Ralls provenance are shown on the PCGS label. PCGS population 1; 1 finer in 65. (PCGS # 36104) .
Estimated Value $20,000-UP.
Ex (possibly) Lorin G. Parmelee-C. David Pierce-Dr. William H. Sheldon, Numismatic Gallery 8/23/1947:847 (as MS70)-T. James Clarke-R. E. Naftzger, Jr., New Netherlands Coin Co. 11/1973:494 (lot envelope included)-Rare Coin Company of America-Dennis Forgue 7/29/1981-Thomas E. Werner 7/29/1984-Denis Loring 6/1985-Dr. Philip W. Ralls.
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| Realized $36,425 |
