Lot 176
1796 S-104 R3+ Draped Bust with LIHERTY Obverse. EF-40. Plated in Early American Cents, Penny Whimsy, and Noyes. Ten points sharper with patches of very fine roughness, mostly on the reverse. No verdigris, and the eye appeal is quite nice. The largest of the rough patches covers the wreath ribbon and upper half of the fraction, with smaller ones at the top of the wreath and at ITE in UNITED. Highly glossy chocolate and medium brown. Apparently recolored, but the retoning was expertly accomplished and the gloss is enhanced by a microscopic layer of wax or very fine lacquer for protection, the so-called "Sheldonizing" layer found on cents that can be traced to the Doctor’s collection. M-LDS, Breen state III, with obvious die rust leaving fine raised roughness in protected areas of both sides. The patches of fine roughness resulting from environmental damage are easily confused with (and lost within) the areas of fine die rust associated with this late die state. The LIHERTY error is bold. Called AU55 net EF45 and CC#1 in the Bland census. Noyes says AU50 net VF35 and tied for CC#1 honors, his photo #21230. Removed from a PCGS slab graded AU50 (PCGS label included, and the LIHERTY error is noted on the label). The obverse is plated in Early American Cents and Penny Whimsy, and this is the Noyes plate coin for the variety. DWH #2862.
Estimated Value $20,000-UP.
Ex Robert Coulton Davis-New York Coin Stamp Co. 1/1890:2531-Harlan P. Smith, S. H. & H. Chapman 5/1906:1086-unknown-Henry C. Hines-Dr. William H. Sheldon 4/19/72-R. E. Naftzger Jr., 2/23/92-Eric Streiner-Jay Parrino (The Mint) 7/95-Michael Arconti, McCawley & Grellman Auctions/Superior 3/2/2000:76-Jack Wadlington (via Bob Grellman & Chris McCawley) 6/30/05.
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| Realized $29,900 |
