Lot 149
1808/7 C-1 R7 Overdate 8 over 7 AG3. Sharpness VG7 but there are numerous tiny pits mixed with fine granularity on both sides. A small area of shallow corrosion in the field before the neck and a smaller spot of corrosion at AL in HALF are the most-obvious marks. No verdigris or contact marks. Slightly glossy medium chocolate and darker steel. The date is complete and easily readable and the legends are complete except for weakness at OF AMERICA and the fraction thanks to an uneven strike on that side, as usual due to non-parallel die faces. EDS, Manley state 1.0. The die crack through the top of STAT to the dentils left the S is light but visible and the crack through the top of TED to t+X78he dentils is faint. To the best of our knowledge this is the only example known of the early state and an uncracked example is unknown. It is speculated that the non-parallel die faces and the uneven strike pressures that resulted from them are responsible for the early if not immediate cracking of the reverse die. This is the Manley plate coin for the variety (the large photos) and of the early die state (his state 1.0). Less than 10 examples are known and only 1 of those grades better than VG. A great rarity and a major key to completing a half cent collection by Cohen variety numbers, regardless of the die state.
Estimated Value $20,000-UP.
Ex Fred H. Borcherdt (who discovered it unattributed in a group of coins in 1980-81)-Steve Fischer-Richard Gross-Roger S. Cohen, Jr., Superior 2/2/1992:245-J. R. Frankenfield, McCawley & Grellman Auctions/Superior 2/17/2001:108 (Borcherdt collection envelope and Frankenfield lot ticket included).
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