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Sale 109
Lot 12
1793 S-7 R6- Wreath Cent, Vine & Bars Edge PCGS Genuine VF Details Environmental Damage. Sharpness VF25 with microscopic porosity on the obverse confined mostly to the fields on the upper half of the planchet and in the hair under LIB. The reverse fields are covered with a uniform very fine granularity. No verdigris. The marks are minor and include a few tiny planchet voids at the top of the obverse, a light rim bruise under the right side of the fraction, and a small rim nick at F in OF. Somewhat glossy medium brown and light olive with a small spot of reddish brown toning at the top of O in ONE. The eye appeal is better than the description might imply. EDS, Breen state I, with the famous "Double Dot" over the I in LIBERTY and only a hint of swelling at 179. Breen decided the extra dot became filled very early and only shows on the earliest examples struck (see page 53 in his large cent encyclopedia for his analysis). I suspect the extra dot may have been an engraving error that was quickly discovered and the die neatly repaired by filling the dot punch mark without additional repair work to the die. The removal of the dot is just too perfect to support the accidental clog theory, and nothing else was affected. Clogs usually aren't that perfect, and a random clog targeting only an engraver's error defies logic. Regardless, the extra dot is very strong, fully as bold as the border beads above, which it matches perfectly. Too much perfection to be random. Hopefully we will discover another "Double Dot" example some day, but the rarity of the variety works against us. Called net F12 and tied for CC#6 in the Bland census. Noyes says net VG10 and tied for CC#5, his photo #25539. Our grade is VF25 sharpness net F12. This rare variety is unique with the double dot; no other examples are known or reported in any grade. The "Double Dot" version was first reported by Dr. Charles Ruby, and it was his favorite cent in a remarkable collection. Dan Holmes, builder of the most complete collection of large cents ever assembled, had a similar affection for this cent, and it was one of his most expensive coin purchases at the time he acquired it in 1990. This is a special opportunity for the serious collector of 1793 Large Cents. Weight 205.3 grains. The attribution and Neiswinter provenance are noted on the PCGS label. Estimate Value $35,000 - UP
Ex Christian M. Petersen (a major large cent collector of the 1940's and 50's who obtained it from an unknown source prior to 1950 and graded it VF20)-Hollinbeck Coin Co. Mail Bid Sale #174, 2/1954:389 (No mention of the extra border bead was made in the catalog. The lot description read as follows: 1793 S-7, WREATH Crosby 8-F very fine with extremely fine reverse. PROBABLY THE FOURTH CHOICEST SPECIMEN OF THE 8 KNOWN, SOME OF WHICH ARE OFF THE MARKET IN MUSEUMS, ETC. Valued by the owner at $750.00").-Dr. Charles L. Ruby (who noticed the extra bead and owned it for 18 years before selling his collection intact 12/1972 to Superior Galleries-Superior Stamp & Coin 2/11/1974:323-Gus Portman, Superior 2/1976:338-Superior (privately)-Regal Coin Exchange-Jack H. Beymer 9/24/1990-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 9/6/2009:11-Jim Neiswinter Collection.
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| Realized $33,600 |
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