Lot 1266
(1795) Washington "Liberty and Security" Penny. PCGS graded MS-63 Brown. A wonderful, glossy example of this big, heavy copper coin. The surfaces are medium brown, consisting entirely of wholly converted mint red. The left side of the obverse has some internal lamination flaws and another on the rim at 9:00 (above the G and O of GEORGE). Breen claims that these were made in response to news that the U.S. Mint was failing, thus renewing hopes for a private contract coinage. However, the excessive weight of these pieces (300+ grains, compared to 208 grains for a U.S. Large Cent) did not mesh with the American coinage system in any way.
PCGS reports 9 in this grade, 7 in MS-64, 3 in MS-65, and none finer (PCGS # 767) Estimated Value $2,500 - 3,500
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