Lot 127
1798 S-146 R5- Style I Hair, Large 8. PCGS graded MS-61 Brown. CAC Approved. Lustrous medium chocolate brown and steel. This cent is covered with satiny mint frost and the eye appeal is truly outstanding. No spots or stains, only microscopic contact marks that are very well hidden in the fine die rust that covers a significant portion of both sides. LDS, Breen state IV. Both dies have been reground to reduce the effects of die rust, but the rust has returned, strongest around the date. A beautiful cent in a really interesting die state. This cent is plated in the 1991 Noyes reference to illustrate the variety, and the obverse is plated in Early American Cents and Penny Whimsy. This cent is graded MS60 in the Breen/Bland census and CC#1 by 15 points over the ANS example, and the next best grades VF30. Noyes says EF45 net EF40 and CC#2 behind the ANS example, his photo #21222. I suppose the Noyes grade reflects the odd appearance of his photo where die rust can easily be confused with contact marks. Regardless, this is a great cent. Our grade is MS60. The attribution and Naftzger-Reynolds provenance are noted on the PCGS Secure label. Pop 1; none finer at PCGS for the variety. Only 2 examples graded at PCGS (PCGS # 36017) .
Estimated Value $15,000-UP.
Ex David Proskey-Henry C. Hines-Dr. William H. Sheldon 4/19/1972-R. E. Naftzger, Jr., 2/23/1992-Eric Streiner 11/2000 (Naftzger collection envelope included).
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| Realized $25,850 |
