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Sale 54
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Lot 46
1794 S-27 R5. VF-35. Ten points sharper but there are a couple shallow planchet voids or pitmarks in the field before the face, and these areas were lightly abraded with fine pinscratches in a relatively crude attempt to smooth those surfaces. In addition, there are a few tiny, very light pinscratches on the nose and earlobe, plus some microscopic roughness in the field under the chin. The remainder of the planchet is smooth and nearly choice, free of all but a few minor marks, the only notable one a light rim bruise at the O in OF. Glossy medium brown and chocolate with slightly darker steel toning on some of the obverse highpoints and traces of frosty lighter brown toning in protected areas of the reverse. LDS, Breen state IV. The bisecting obverse die crack is clear. Called EF45 net VF35 and tied for CC#3 in the Bland census. Noyes says EF45 net VF30 and also tied for CC#3, his photo #39041. The obverse and reverse are plated in Frossard-Hays, Elder-Gilbert, and Chapman. The obverse is plated in the Morley book on 1794 cents. Comes with a long, very interesting provenance. DWH #2699.
Estimated Value $15,000-UP.
Ex Dr. Edward Maris-W. W. Hays 1900-Charles Steigerwalt 1906-Charles G. Zug-Lyman Low 3/1907:25-Ebenezer Gilbert, Thomas L. Elder sale #44, 10/19/1910:25-H. O. Granberg-William H. Woodin-The United States Coin Co. 5/1915:107-Henry C. Hines 1944-Homer K. Downing 1948-Dr. William H. Sheldon-(At this point, Dr Sheldon obtained the ANS Museum’s example of the variety in exchange for this coin in an apparently undocumented transaction. Dr. Sheldon subsequently sold the coin deaccessioned from the ANS along with many other early date large cents to R. E. Naftzger, Jr., on 4/19/1972. Then, some 20 years after Dr. Sheldon’s death, ANS officials, spurred on by a report prepared by researcher Del Bland, claimed the exchange of coins between Dr. Sheldon and the ANS was improper and demanded the unwinding of that undocumented transaction. After several years sparring in the courts, Mr. Naftzger gave the Sheldon-27 and the other disputed cents he had purchased from Dr. Sheldon in 1972 to the ANS. The ANS, in turn on 1/26/2001, gave Mr. Naftzger this Sheldon-27 and some other coins the ANS had received from Dr. Sheldon in the aforementioned undocumented transaction. This is how the somewhat curious provenance of "Dr. Sheldon to ANS Museum to R. E. Naftzger, Jr." was established.) The provenance chain then extends from R. E. Naftzger, Jr.-Chris McCawley 2/22/02-Jack Wadlington (via Bob Grellman & Chris McCawley) 6/30/05.
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| Realized $27,600 |
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