Lot 3
1793 S-1 R4- Chain AMERI. PCGS graded G6. Glossy medium chocolate brown and steel. There are numerous tiny contact marks scattered over both sides but no corrosion or verdigris. The notable marks are a long nick from the end of the chin into the field to the right and a planchet flake or pit near the middle of the neck. The date is weak while everything else is clear, a result of the dies being out of proper axial alignment (the die faces were not perfectly parallel). The reverse is quite nice with clear, complete legends consistent with a VG grade. Very rare terminal die state (TDS), Breen VI, with a strong rim cud break touching the tops of TAT in STATES. Less than 10 are known in this die state, and most of those are in very low grade. Listed as third finest in the Noyes census, and the finest of those is in the ANS Collection. This piece is far superior to the damaged terminal die state example in the famous Dan Holmes Collection. A great opportunity for the die state specialist. Our grade is G6, same as the PCGS grade. Weight 191.4 grains. The attribution and Neiswinter provenance are noted on the PCGS label. (Note: The failure of the AMERI reverse resulted in a change to a reverse die that had AMERICA spelled out in full. This new reverse married to the first obverse became the second variety, now known as Sheldon-2. Changing of a die to create a new variety happened 363 more times for the early cents, 1793-1814. Sixty-six years later the first variety study on any coinage denomination in this country - "About Cents" - was printed in the Boston Evening Transcript in 1859. Particular attention was paid to the cents of 1793 where 11 varieties were described compared to only 3 varieties for 1794. Obviously more work needed to be done, but this was a start.). Estimate Value $14,000 - UP
Ex Bowers & Merena 1/1990:1071-Bowers & Merena 6/2000:40-Jim Neiswinter Collection.
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| Realized $8,100 |
