Lot 69
1787 Nova Eborac. Figure facing right. PCGS graded AU-50. This is Breen-989. Light brown in color and well preserved, although we note the planchet is not quite perfectly smooth, it is certainly far better than most copper encountered from the period. Struck slightly off center on the obverse towards one o'clock, with the obverse lettering weak in areas and some of the tops of the letters are off the edge. The male figure is reasonably sharp, and the curious domed hair is a copy from the earlier Connecticut coins. Clean surfaces and a very choice specimen for the grade. PCGS has graded only a single coin in this category, with 2 higher, one each in the next higher AU grades, according to that service. An important offering which would be difficult to best.
These were struck by John Bailey probably in the summer of 1787 at his mint in New York City and possibly in the Ogden and Rindell mint in Elizabeth Town, New Jersey, and they have been punch linked by Breen to the famous Brasher coinage. The motto, VIRT. ET LIB. is Latin for "strength and freedom".
Estimated Value $2,000 - 2,500.
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