Lot 704
1846 N-1 R8- (as a proof) PCGS graded PR65 Brown. Repunched 18. Light olive and chocolate brown faded down from mint color. About a third of the faded red remains on the obverse while the reverse is a more uniform light steel brown faded down from mint red. The only marks are a speck of carbon just right of star 6 and a light diagonal nick over the O in ONE. Very sharply struck E-MDS, die state b, with a faint die crack meandering through the date and stars. The fields are smooth and reflective, the mirrors deepest on the obverse, and the obverse fields are covered with microscopic die polishing lines extending from the upper left down to the lower right. The strike is superb, perfect in every respect, and the eye appeal is outstanding. This cent is listed as the second of only three pieces in Breen's book on proof strikes (Walter Breen's Encyclopedia of United States and Colonial Proof Coins 1722-1977), and it is called Proof-60 in Denis Loring's census of proof large cents. Called MS65 and CC#2 in the Noyes census, his photo #31066. Our grade is MS65 Prooflike, tied for CC#1 honors with the previous lot in the Grellman census.
Estimated Value $2,000-UP.
Ex J. C. Morgenthau & Co. 10/5/1939-Floyd T. Starr, Stack's 6/13/84:472 (as proof).
|
| |
| Realized $26,450 |
