Goldberg Coins and Collectibles

Sale 77

Lot 31

1795 C-5b No Pole with Thick Planchet R4 PCGS "Genuine" Unc Details, Planchet Flaw. Frosty light steel brown and tan with lustrous bluish steel toning in protected areas of the reverse. The obverse fields are slightly reflective but both sides are covered with microscopic planchet chips, as struck. The only notable defects are an obvious planchet crack from K-7 to the 17 and another at the opposing area from the rim through the E in STATES down to the upper leaf on the right side of the wreath, also as minted. Our grade is MS60. We understand the reluctance of any grading service to grade a piece with an obvious planchet flaw, but if it left the mint that way, then the term "Mint State" seems to apply. Unfortunately planchet cracks are a common occurrence on the thick planchet versions of the 1795 C-5 and C-6 varieties. The thick planchets appear to have been harder and more brittle than normal, and problem-free examples are especially rare. As Breen states on page 150 in his encyclopedia, "These are crude, often defective with cracks, splits, and chips, and are thicker than normal. Weight range from 105.7 grains to 123 grains." The weight of this example is 105.8 grains. Listed in the condition census on page 151 of the Breen encyclopedia. The attribution and Missouri Cabinet provenance are noted on the PCGS label. And it comes from an impressive line of distinguished numismatists (PCGS # 35086) .
Estimated Value $25,000-UP.
Ex Charles Ira Bushnell-Lorin G. Parmelee, Samuel H. and Henry Chapman 6/20/1882:2765 ($1.50)-Henry Ahlborn, Thomas L. Elder 11/1921:702-Thomas L. Elder 4/1922:348-Thomas L. Elder 10/1922:1138-Thomas L. Elder 5/1923:710-unknown-J. C. Morgenthau & Co., Inc. (Wayte M. Raymond and James G. Macallister) 10/5/1939-Joseph Steele, Numismatic Gallery (Abraham "Abe" Kosoff & Abner Kreisberg) 1953 A.N.A. Sale 8/22/1953:1451 ($20.00)-New Netherlands Coin Co., included in their 44th Sale (Hillyer C. Ryder) 6/23/1954:273 ($100.00)-R. Henry Norweb Family collection (The Honorable Raymond Henry Norweb [10/1/1983] and Emery May Holden Norweb)-Emery May Holden Norweb (3/27/1984)-Raymond Henry Norweb, Jr., Auctions by Bowers and Merena, Inc., 10/12/1987:19-R. Tettenhorst-Missouri Cabinet (Mocab 95.5b.5).

Realized $12,075

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