Lot 286
1796 Draped Bust Cent. . S-119, R3. PCGS graded MS-63 Brown. Frosty steel brown with peeps of faded mint red remaining in protected areas, especially on the reverse. The only marks are a small spot of darker toning in the hair under BE in LIBERTY and a shallow planchet flake in the field left of the lower curls. There are some of the ever-present small planchet chips scattered about both sides, mostly on the portrait and wreath where tiny planchet imperfections didn't completely strike out. Otherwise the strike is sharp and the eye appeal is quite nice. Late die state, Breen state III, with small but clear rim cud breaks at TAT in STATES and a couple strong die cracks at the bottom of the obverse. Most likely from the famous Nichols Hoard of mint state 1796 and 1797 cents. This hoard comes from a bag of cents purchased directly from the mint in 1797 by Benjamin Goodhue, a member of the Continental Congress. These cents were passed down the family and later dispersed in the 1860's by the Nichol's family, from whom the hoard gets its name. EAC grade MS60. The Hesselgesser provenance is noted on the PCGS label. Pop 3; 3 in 64, 1 in 66 for the entire date.
Estimated Value $6,000 - 12,000.
Ex Dr. Hesselgesser.
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| Realized $11,500 |
