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Sale 54
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Lot 777
1847 N-18 R5 PCGS graded MS65 Brown. Repunched Date, the so-called Large 7 over Medium 7 variety (although the PCGS label incorrectly calls it "Large/Small 47.") Very attractive lustrous steel and light olive brown faded down from mint red, about 20% of the mint color showing on the obverse and 50% on the reverse. Sharply struck and nearly flawless. The only notable marks are a shallow nick on the jaw, another on the left end of the eyebrow, a nick-like very thin vertical planchet void high on the neck, and a spot of darker bluish steel toning under star 12. None of these marks is at all distracting and the eye appeal of this cent is outstanding. The "moonscape" texture of the portrait is obvious, and this feature is present on all examples of the variety. (Similar "moonscape" texture is also found on all examples of 1846 Newcomb-16 and 1846 Newcomb-17. The cause of this unusual texture is unknown.) MDS, die state a, before any rim cud breaks on the obverse. The fields on both sides are covered with microscopic die flowlines that create attractive cartwheel luster. The date repunching is sharp and clearly visible on all 4 digits. The first impression of the date into the die (using a 4-digit logo or "gang" punch) was lightly impressed a bit too high. Then the date was properly impressed into the die slightly lower leaving clear, sharp evidence of the earlier misplaced impression above each numeral. Since the misplaced initial impression of the date was lightly done, those digits appear slightly smaller than the fully impressed ones. Hence, the misplaced 7 appears to be from a slightly smaller punch than the normal, fully impressed one (hence the long-standing assumption that this is a "Large 7 over Medium 7" variety.) Regardless of the label we place on the repunched date feature, this is a great cent. Called MS63 and tied for CC#1 in the Noyes census, his photo #31156, and his census includes only 2 that he calls mint state. Our grade is MS64, CC#1 in the Grellman census (which contains 4 mint state examples).
Estimated Value $2,000-UP.
Ex Henry Chapman-Henry C. Hines-Floyd T. Starr, Stack's 6/13/84:522.
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| Realized $7,188 |
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