Lot 178
1798 S-179 R2. PCGS graded MS-65 Brown. Style II Hair with Small 8. Frosty light brown with delicate overtones of light bluish steel on the reverse. Satiny luster covers the entire planchet, including the highest points of the design. The only mark of any significance is a thin horizontal streak of darker toning in the field off the chin. Sharply struck M-LDS, Breen state IV, with minor swelling in the field left of the lowest curl and a thin rim cud break over ME in AMERICA. The wreath is needle-sharp with full, crisp veins in all the leaves. Ted called this cent a "Golden Biscuit" as noted on his envelope. Ted added in his distinctive handwriting and green ink that he laid off the lot when it appeared in the Garrett sale because his friend, C. Douglas Smith, had only an XF45 of the variety and wanted the lot. Unfortunately Doug failed to win the lot in the Garrett sale where it brought $18,000.00. Ted added on the envelope that he subsequently obtained the coin "from Stanley Kesselman 12/29/80 in exchange for an AU cleaned Chain cent." Obviously Mr. Naftzger thought very highly of this cent and kept his sights on the target. It's a satiny beauty called MS65 Choice and tied for CC#1 in the Noyes census, his photo #21582. This is the Noyes plate coin for the variety. Bland says MS63 and tied for CC#2. Our grade is Mint State-63. PCGS population 1 with none finer.
Estimated Value $20,000 - 25,000.
Ex Pierre Edouard LeGras (Paris)-Edouard Frossard #25, 11/1882:184-T. Harrison Garrett-Robert Garrett 1919-John Work Garrett-Johns Hopkins University, Bowers & Ruddy 11/28/79:91-Stanley Kesselman 12/29/80-R. E. Naftzger, Jr.
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| Realized $207,000 |
