Lot 21
1797 S-120a R3 Reverse of 1795, Plain Edge PCGS graded AU58, CAC Approved. Variety with single leaves at the top of the wreath. Lustrous light to medium steel brown with a couple tiny wisps of darker olive brown on the lower part of the reverse. There is a very light touch of wear on the highpoints of the obverse but the reverse appears very close to mint state. The only marks are a faint swipe of darker toning in the field left of the hair ribbon and a collection of microscopic pinpricks in the field above the bust tip. The dentils left of the date are softly struck, as are the opposing ones over the second T in STATES (all thanks to minor thinness in the planchet at that spot). MDS, Breen state III, with a fine crack through the top of LIBERTY and minor crumbling on the profile of Ms Liberty. Called AU50 by Denis Loring and tied for CC#2. Bland says EF40 and tied for CC#5. Our grade is EF45. A very attractive and important example of this popular "Redbook" type. The attribution and Koshkarian provenance are noted on the PCGS label. PCGS population 2; tied for finest of the variety graded at both services. Estimate Value $18,000 - UP
Ex 1957 ANA Sale, Federal Coin Exchange 8/21/1957:831-C. Douglas Smith 1980-Jack Beymer-Dick Feingold, McCawley & Grellman Auctions/Goldbergs 2/11/2007:288-March Wells, McCawley & Grellman/Goldbergs 2/1/2009:582.
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| Realized $82,250 |
