Lot 601
1840 N-1 R1 PCGS graded MS65 Red & Brown. Small Date. Repunched 18. Lustrous mint red fading to light steel brown on the highpoints, nearly 90% of the mellowed mint color showing on both sides. Satiny cartwheel luster from microscopic die flowlines cover the planchet and this cent offers superb eye appeal. This cent retains slightly more of its original mint color than any other 1840 Small Date regardless of the die variety. The only defects are trivial and include several microscopic specks of dark toning at stars 4-6 plus a slightly larger one under the earlobe and a couple tiny ticks in the field at stars 1-2. LDS, die state b. The repunching under the 18 is gone. Graded MS70 by Ted Naftzger, and he didn't use that grade without just cause. Called MS66 and CC#1 by a full 3 points in the Noyes census, his photo #30974. Our grade is MS65+, very close to MS66, and CC#1 in the Grellman census.
Estimated Value $4,000-UP.
Ex William Festus Morgan, J. C. Morgenthau & Co. 6/16/1932:317-T. James Clarke 1966.
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| Realized $19,550 |
