Lot 203
1802 NC-1 R5+ PCGS graded AU58. Very attractive glossy dark steel brown and chocolate with frosty light brown and tan toning in protected areas, especially on the reverse where there is much original mint luster remaining. The surfaces are smooth and this cent offers outstanding eye appeal. The obverse fields are slightly reflective and covered with fine vertical die polishing lines from a fresh die lapping. The only marks, and they are trivial, are a small planchet void in the field left of the lower end of the hair ribbon (as struck), a trail of microscopic abrasions in the field up from the bust tip (and these show only if you get the light at the right angle), and a light hairline scratch in the field left of the first S in STATES. LDS, Breen state IV. The bisecting obverse die crack is strong, extending from the rim over the B in LIBERTY down through the B and Ms Liberty to the rim under the bust. A great die state. Called EF45 and CC#1 in the Bland census. Noyes says AU50 net EF45 and CC#1 as well, his photo #21940. Our grade is EF45. The next best is a VF30 that is followed by a F15, so the census drops off quickly following this beautiful cent. This is the plate coin for the variety in the Noyes and Breen references on early date cents. The attribution and Holmes-Reynolds provenance are noted on the PCGS Secure label. Pop 1; none finer at PCGS for the variety. Estimate Value $10,000 - UP
Ex C. Douglas Smith (who purchased it unattributed at a small New York City coin show in 1959) 6/1960-Dr. William H. Sheldon 4/19/1972-R. E. Naftzger, Jr., 2/23/1992-Eric Streiner 4/22/1992-C. Douglas Smith-Dr. Robert A. Schuman, McCawley & Grellman Auctions/Superior 2/18/2002:1278-Jack Wadlington 6/2005-Bob Grellman & Chris McCawley 6/30/2005-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 9/6/2009:439-Tony Terranova 5/2012-Tom Reynolds Collection.
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| Realized $19,975 |
