Lot 89
1796 S-119 R3 Draped Bust, Reverse of 1797. PCGS graded MS-65 Brown. CAC Approved. Beautiful frosty medium brown and light chocolate with slightly lighter steel brown toning in protected areas. Flawless except for a small planchet flake at the base of the neck, as minted. MDS Breen state II. The die cracks at the date are clear and fine clashmarks are visible on both sides. An outstanding example of this "Nichols Hoard" variety, perfectly centered and sharply struck. (The "Nichols Hoard" is the name commonly applied to a group of cents, 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.) Graded MS63 Choice and finest known in the Noyes census, his photo #27984. Our grade is MS63. A perfect date or type coin for a superior collection. The attribution and Reynolds provenance are noted on the PCGS Secure label. Pop 1; none finer at PCGS for the variety (PCGS # 35870) .
Estimated Value $25,000-UP.
Ex Edward H. Schwartz, Abe Kosoff 10/11/1961:273-Charles Jay, Stack's 10/27/1967:93-Herbert M. Oechsner, Stack's 9/8/1988:56-Jim McGuigan 10/1988 (Oechsner lot ticket included).
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| Realized $49,350 |
