Lot 932
1816 N-4 R2 G4. Obverse Brockage. A couple points sharper but covered with fine granularity. No verdigris but there is a rather strong rim nick at star 10. This cent is a full obverse brockage strike with a small, perhaps 5 degree rotation between the normal obverse and incuse reverse impressions. The incuse date on the brockage side is complete and easily readable. An obverse brockage occurs when a blank planchet is struck between the obverse die and the obverse of a previously struck cent that failed to eject from the press. Cents struck with obvious errors usually come in low grades of preservation. I believe a version of Gresham's Law is in play here. People tended to spend or abuse the "defective" or "bad" money and save the good stuff. And early collectors wanted the best possible specimens so they bypassed the errors in favor of nicely struck pieces. Of course today we have a different perspective.
Estimated Value $1,000-UP.
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| Realized $2,645 |
