Lot 139
1794 S-38 R5 VF20. Sharpness EF45 but a small hole through the top of the E in LIBERTY to the top of the I in AMERICA was expertly plugged. The work was done with incredible skill and if the retoning wasn't slightly darker on the plug I doubt you would be able to find it. Recolored glossy medium reddish chocolate brown with lighter brown and tan toning on the highpoints. No roughness or verdigris but there are a few small marks. The notable ones are a small planchet flake near the dentils well right of the Y in LIBERTY, a collection of flakes on the 9 in the date, a small dig on the right top of the first T in STATES, and a dull nick in the dentils over the C in AMERICA. Sharply struck LDS, later than Breen's state II. A fine die crack passes through the tops of UNITED and the two chips in the field under the cap are strong. The reverse is rotated 50 degrees CW in relation to the normal head-to-foot orientation. One of the sharpest, best detailed examples known of this rare variety. Estimate Value $7,500 - UP
Ex Presidential Medals in the Fall of 1972-Darwin B. Palmer (who paid $75 to have the hole expertly plugged) 4/28/1974-Philip Van Cleave, Kagin's 1/30/1986:5042 (via Tony Terranova)-R. E. Naftzger, Jr.-Tom Morley, Superior 1/31/1994:777-Walter Husak-Chris McCawley 11/2002-Chuck Heck Collection, McCawley & Grellman Auctions/Goldbergs 2/2017:274-Dan Trollan Collection (includes the Naftzger and Heck collection envelopes and lot tickets from the Van Cleave and Heck auctions).
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| Realized $7,200 |
