Lot 234
1797 S-129 R5+ M over E in AMERICA. VF-35. Five points sharper with a few tiny rim nicks on both sides plus a dull diagonal nick at the right top of the E in ONE. Lightly cleaned and nicely recolored steel brown and chocolate with some frosty lighter brown toning in protected areas of the reverse. The surfaces appear to have been "Sheldonized" with a coat of wax or very fine lacquer that adds a high gloss finish to a cent that’s already smooth and attractive. LDS, Breen state II, with a pair of short parallel die cracks down from the dentils left of the hair ribbon. The M over E error in AMERICA is strong. Called EF40 choice and CC#1 in the 1999 published version of the Noyes census, his photo #21224. His 2005 edition of the census shows this example is now graded EF40 net VF35 "average" and tied for CC#1 honors with the ANS example. Bland says EF40 and tied for CC#1 honors with the ANS coin. The next finest grades only VF20, making this cent the finest available to collectors by a wide margin. DWH #2760.
Estimated Value $10,000-UP.
Ex Robert D. Book 5/1930-George H. Clapp 3/25/45-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr., 2/23/92-Eric Streiner 4/7/92-C. Douglas Smith-Dr. Robert A. Schuman, McCawley & Grellman Auctions/Superior 6/5/2000:151-Jack Wadlington (via Bob Grellman & Chris McCawley) 6/30/05.
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| Realized $14,950 |
