Lot 274
1798/7 S-151 R3+ Style I Hair. Overdate 8 over 7. PCGS graded MS-62 Brown. Breen Plate Coin. Choice glossy steel brown and chocolate with frosty lighter brown and tan toning covering the reverse fields. Some of the frosty lighter toning in protected areas has faded down from mint color. The only marks are a small planchet chip at the base of the neck (as struck), a dull rim nick just right of the Y in LIBERTY, and a couple tiny swipes of darker toning at the throat caused by traces of lacquer or glue (which should be removable). The edge shows areas of diagonal reeding, which is sometimes found on planchets of this period. Terminal die state, Breen state VIII, with myriad fine die cracks on both sides but without the terminal cud break that connects the top of the E in AMERICA to the dentils. Called AU50 net EF45 and CC#2 in the Noyes census, his photo #38133. Bland also says EF45 and CC#2. Our grade is EF45+, close to AU50. This is the Breen plate coin for the variety. One of the finest examples of a 1798/7 overdate, regardless of the die variety, and the only one assigned a mint state grade by either of the major grading services. And it comes with an outstanding provenance as well. PCGS Population 1; The finest graded at PCGS for the variety. DWH #2561.
Estimated Value $50,000-UP.
Ex Dr. George P. French, B. Max Mehl FPL 1929, lot 178-Henry A. Sternberg, 8/1930-T. James Clarke 1944-B. Max Mehl-Frederic W. Geiss, B. Max Mehl #109, 2/18/1947:41-Louis E. Eliasberg, Sr., Bowers & Merena 5/96:507-John B. MacDonald 8/99-Wes Rasmussen, Heritage 1/13/05:3177.
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| Realized $103,500 |
