Lot 29
1794 NC-4 (S-17b) R8 Head of 1793 with Edge Device of 1794. About Good-3 Plus. Discovery Coin. Sharpness VG7 with moderate pitting, strongest in the left obverse field. No verdigris. There is a very tiny rim bruise at the Y in LIBERTY and many small rim nicks around the reverse, none notable, plus three shallow rim cuts under the fraction. Rather glossy chocolate brown, the surfaces rather attractive in spite of the roughness. The date is bold and legends all readable, although a few places are a bit weak. The edge lettering is complete and bold, including the leaf following DOLLAR with its stem and tip pointing up (the style of 1794). This is the discovery coin for the sub-variety and the plate coin in the Noyes and Breen books. Called VG7 net G4 and CC#1 of only 2 known in the Noyes census, his photo #20378. Bland says VG7 net AG3 and finest of the 2 examples known as well. DWH #1768.
Estimated Value $10,000-UP.
Ex John K. Borcky, Thomas L. Elder 6/1935:352-Walter Garrabrant, Stack's 11/1949:361-C. Douglas Smith (who identified this as a new sub-variety) 9/15/52-Dr. William H. Sheldon 4/19/72-R. E. Naftzger, Jr., 2/23/92-Eric Streiner 8/13/92-R. S. Brown, Jr., Superior 1/27/96:23.
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| Realized $26,450 |
