Lot 506
1798 S-155 R3 Style I Hair, Small 8, Reverse of 1796. PCGS graded MS-62 Brown. Lustrous bluish steel and olive brown with traces of frosty tan faded down from mint color in protected areas on both sides. The only marks are two small splashes of darker chocolate toning at RTY and another in the leaves under the U in UNITED. LDS, Breen state VI. All the die cracks listed by Breen are present and there are small lumps in the drapery folds right of the date. In addition there are microscopic low spots mixed with die rust on the neck, face, ear, and inside the wreath, all as struck. Called MS60 and CC#2 in the Bland census. Noyes says MS60 net AU50 and tied for CC#3 in his list, photo #24130. Our grade is MS60. The attribution and Ralls provenance are shown on the PCGS label. PCGS population 1; none finer. The only MS example graded by PCGS for the variety. In fact, this is the highest graded example of the 1798 Reverse of 1796 type, regardless of the die variety (PCGS # 36002) .
Estimated Value $20,000-UP.
Ex Charles J. DuPont, Stack's 9/24/1954:199 (lot envelope included)-Abe Kosoff-R. E. Naftzger, Jr., New Netherlands Coin Co. 11/14/1973:471 (lot envelope included)-Del Bland-Dr. Dane B. Nielsen-Dr. Philip W. Ralls.
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| Realized $19,975 |
