Lot 967
1831 N-12 R1. PCGS graded MS-65 Brown. Large Letters Reverse. Frosty medium brown and light steel with traces of mint red remaining on the obverse and nearly a third of the original mint red showing on the reverse. There is a small spot of very fine carbon at the dentils under star 1, another at the tip of the nose, and a small streak of planchet impurity at the upper right point of star 2 (as struck). Otherwise the obverse is choice and the reverse is flawless. Rare M-LDS with a cud break involving 3 points of star 13, Newcomb's N-12/2. Called MS63 choice and tied for CC#4 honors in the Noyes census, his photo #21878. However, this cent is the finest known of the die state by a remarkable 23 points in that same census. This cent should generate furious competition among serious die state collectors. Our grade is MS63. The attribution and Naftzger provenance are noted on the PCGS label and the Naftzger collection envelope is included. PCGS population 3; none finer.
Estimated Value $10,000-UP.
Ex Gordon J. Wrubel 6/6/81-R. E. Naftzger, Jr., McCawley & Grellman Auctions/Goldberg's 2/1/2009:268.
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