Lot 14
1787 Nova Eborac. Figure facing right. PCGS graded EF-40. An extremely important issue from John Bailey and struck in New York City around 1787. The quatrefoil punches (the small 4 petal flowers after the legends) match those of the extremely rare Excelsior pattern issues and the famous Brasher Doubloons, as well as the 1788 New Jersey coppers, which links these coins to John Bailey. Apparently these were issued as proposals to the State of New York to win the contract for making coins, but enough of these are around to indicate that they were made for circulation, and not strictly pattern issues. This particular one was struck on a clean planchet, and is an even brown color, with no signs of porosity or similar detractions. The surfaces are choice, but we will mention a few faint scrapes on the lower left of the obverse near the rim, and a trivial planchet flake on the jaw. A later die state, as are many, with the quatrefoil after LIB weak, and a long rim break from that area towards Liberty's toe. Sharply struck throughout, and about as nice as one could hope to locate. The seated right variety is much scarcer than the seated left. PCGS has only graded 3 as EF-40, with a single coin graded higher as AU-53. No mint state coins have been graded of this variety. Further, this one is in the old green insert PCGS holder. Truly an exceptional colonial for the specialist.
Estimated Value $1,500 - 2,000.
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| Realized $1,093 |
