Lot 177
1796 S-104 R3+ Draped Bust with LIHERTY Obverse. Good-5. Possible Discovery Coin for Terminal Die State. Nice glossy chocolate and light olive brown with the highpoints toned a few shades lighter than the fields and protected areas. Smooth surfaces with only a few minor marks, including a small nick high on the cheek and a small, shallow void just right of the second S in STATES. The date and legends are complete although some areas are weak. Extremely rare terminal die state, Breen state IV, with a cud break connecting TY to the rim above, and the cud break is clear although not strong. This most likely is the discovery coin for the die state, as the discovery was made by William R. T. Smith, and he sold this cent to Jules Reiver 5 years after the discovery. Makes perfect sense as there is no record of Mr. Smith finding another example or selling the discovery coin to anyone else. Removed from an NGC slab graded G4 (NGC label included, and the label shows the attribution and Reiver provenance). DWH #2862.
Estimated Value $2,000-UP.
Ex DBRC-William R. T. Smith 3/7/77-Jules Reiver, Heritage 1/24/06:19288.
|
| |
| Realized $3,105 |
