Lot 84
1796 S-110 R3 Draped Bust, Reverse of 1794. PCGS graded MS-62 Brown. CAC Approved. Choice glossy medium chocolate brown with darker steel brown toning on the highpoints and slightly lighter frosty steel brown toning in the protected areas. This cent offers great eye appeal and shows only minor marks. The notable ones are a thin diagonal nick on the cheek, a fine scratch (possibly pre-striking) right of the second A in AMERICA, and a shallow spot of dark reddish planchet impurity on the base of the E in ONE. LDS, Breen state VIII, with a strong cud break at TY in LIBERTY in addition to myriad die cracks elsewhere on the obverse. This beautiful cent is the plate coin for the late die state in Dr. Sheldon's Early American Cents and Penny Whimsy, and it is also plated in the 1991 Noyes reference for the same reason. Graded AU55 and CC#2 in the Noyes census behind only the Holmes example we sold as lot #185 in our 9/6/2009 sale (where it brought $178,250), his photo #20960. Bland says AU55 and CC#3 in the Breen/Bland census. Our grade is AU55. The attribution and Naftzger-Reynolds provenance are noted on the PCGS Secure label. Pop 1; none finer at PCGS for the variety (PCGS # 35801) .
Estimated Value $25,000-UP.
Ex H. O. Granberg-William H. Woodin-The United States Coin Co. 5/1915:186-Henry C. Hines-Homer K. Downing 1950-T. James Clarke 10/1954-R. E. Naftzger, Jr., 2/23/1992-Eric Streiner 9/2002 (Naftzger collection envelope included, but it shows the wrong provenance in Naftzger's handwriting).
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| Realized $51,700 |
