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Sale 90
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Lot 99
1797 S-123 R4. PCGS graded MS-65 Red & Brown. CAC Approved. Choice lustrous mint red fading to steel brown with about 20% of the planchet showing mint color. Sharply struck and very attractive. The only defects are a collection of microscopic planchet chips in the field left of the portrait (as struck), a subtle spot of darker toning hidden in the drapery folds, and a more-obvious spot of shallow carbon on the left edge of the C in AMERICA. (The horizontal line on the cheek is always present on this variety. It was a flaw in the die.) Sharply struck MDS, Breen state III, with a tiny rim break that joins 2 dentils over TA in STATES. The reverse is rotated 20 degrees CW relative to the normal head-to-foot orientation and there is an extremely minor planchet clip that weakens the dentils off the chin and the opposing ones at AM. Graded MS61 and CC#4 in the Noyes census, his photo #27935. Bland says MS65 and tied for CC#1 with the example held in the ANS Museum. Our grade is MS63+. A beautiful cent that comes with a nice provenance. Almost certainly from the famous "Nichols Hoard" of mint state cents. (The "Nichols Hoard" is the name commonly applied to a group of cents, certainly several hundred and possibly as many as 1000, that were obtained directly from the US Mint in 1797 by Benjamin Goodhue, a member of the Continental Congress. These cents were passed down through his family until they ended up as the property of the Nichols family before being dispersed in the 1860's by David Nichols of Gallows Hill, Massachusetts. The hoard contained examples of the S-119 variety of 1796 and the S-123 and S-135 varieties of 1797. All 3 varieties from that hoard are represented in this sale.) The attribution and Reynolds provenance are noted on the PCGS Secure label. Pop 1; none finer at PCGS for the variety. The only example graded Red & Brown at PCGS (PCGS # 35910) .
Estimated Value $25,000-UP.
Ex Matthew Adams Stickney, Henry Chapman 6/25/1907:1503-Virgil M. Brand, New Netherlands Coin Co. #41, 9/26/1953:251-Floyd T. Starr, Stack's 6/13/1984:26-Denis Loring 1/1989 (Loring collection envelope included).
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| Realized $58,750 |
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