1805 1C, BN MS(PCGS#1510)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1050

等级

MS62BN

价格

40,015

详细说明

Significant Mint State 1805 S-269 Cent 1805 Draped Bust Cent. S-269. Rarity-1. MS-62 BN (PCGS). Type:Draped Bust. Design: Obv: A draped bust of Liberty faces right with the word LIBERTY above and the date 1805 below. Liberty's hair is tied with a ribbon, the ends of which are plainly evident at the back of the head. Rev: A wreath surrounds the denomination ONE CENT, the base of the wreath bound by a ribbon tied into a bow. The legend UNITED STATES OF AMERICA is around the border and another expression of the denomination 1/100 is below. Weight Standard: 10.89 grams. Diameter: 29 mm. Die Variety: Sheldon-269, Breen-3. Obv: Pointed 1, the only 1805-dated die with this feature. A long, straight die cut slants down from the ribbon ends into Liberty's hair above the curl at back. S-269 represents the only use of this obverse die. Rev: The highest leaf on the right branch of the wreath is beyond the right side of the final letter S in STATES, which easily distinguishes this die from the only other reverse of the 1805-dated issue. This die also appears in the S-268 pairing of 1805, as well as the 1806 S-270 pairing. All three die marriages of this issue -- S-267, S-268 and S-269 -- correspond to the only Guide Booklisting of the 1805 Draped Bust cent. Die State: Noyes D/A, Breen IV. Obv: Clash marks from the leaves in the wreath are evident at the back of Liberty's head below the ribbon ends, as well as in front of the face and below the chin. There is die rust on and around the end of the bust, a gentle bulge below and to the left of the lowest hair curl, and light flowlines in the field around the periphery. Close inspection with a loupe also reveals a faint crack through the base of the digits 180 in the date. Rev: Perfect. Edge: Plain. Mintage: Federal records provide a mintage of 941,116 cents during calendar year 1805. Many of these coins may have been struck from earlier dated dies, possibly 1803 and/or 1804. Estimated Surviving Population for the Die Variety: Rarity-1: More than 1,500 coins in all grades. Strike: Well centered in strike, although we note scant to no denticulation along the left obverse border, upper right reverse border. Portions of the wreath on the reverse are a bit blunt, most notably at the lower right, but otherwise the design elements are boldly to sharply rendered, the individual strands of Liberty's hair and the lines in the drapery crisp. Surfaces: This is a predominantly autumn-brown example with plenty of faded mint red color throughout. Warmer olive-gray highlights are evident on the obverse. The surfaces are softly frosted in texture with no marks of note apart from a tiny border nick on the reverse outside the letter O in OF. There are several carbon spots in the left obverse field, larger spot on the reverse at the letters ST in STATES, swirls of crimson on Liberty's head and at the left obverse border. The final-listed areas reveal signs of ancient, inactive corrosion that we mention for accuracy. Commentary: The ESM specimen of the 1805 Sheldon-269 dies has an interesting history in terms of its third party certification and auction appearances beginning in the 1990s. This coin's first known appearance in the modern market was in our (Bowers and Merena's) November 1994 Massachusetts Historical Society sale. Unfortunately, whether or not this particular coin was deaccessioned from the Society's collection for that sale is no longer known. It then appeared in three Heritage auctions from 1995 through 1997, at which time it was offered in a PCGS MS-62 RB holder. It was the only Red and Brown certified by PCGS at that time. When reoffered by Heritage in 2001 and 2002, however, the coin had been removed from its PCGS MS-62 RB holder and was cataloged as MS-62 Red and Brown Uncertified. By the time of Heritage's January 2004 sale, the coin was once again certified, albeit in a PCGS MS-62 BN holder, the grade it has remained until the present offering. Since the PCGS Population Reportstill lists a grading event for this issue in MS-62 RB, we can assume that this coin's old insert was not returned to PCGS when the coin was removed from that holder. (The MS-65 RB certified by PCGS is the outstanding Pogue specimen from the S-267 dies.) Only a single Mint State 1805 S-269 cent is included in the Bland and 2015 Noyes census listings, the PCGS MS-66 BN that realized $152,750 in our January 2013 offering from the Cardinal Collection Educational Foundation. The ESM specimen is a solid Mint State example in that it shows no evidence of circulation. While the surfaces are overall smooth and retain plenty of faded mint color, the aforementioned spots make it difficult to render an accurate assessment of where this coin falls in the census of known examples. Unlisted in the Bland census, Noyes assigns an EAC grade of XF40 and says tied for CC#20, an overly conservative ranking in our opinion apparently based on an evaluation of this coin when the spot on Liberty's head was more active. Its current appearance is far more favorable, and this coin certainly has much to offer in terms of technical quality and aesthetic appeal. It is one of the few strictly Uncirculated survivors from the 1805 S-269 dies extant, and it is sure to see spirited bidding. Provenance: From the ESM Collection. Earlier from our (Bowers and Merena's) Massachusetts Historical Society Collection sale, November 1994, lot 2061; Heritage's Anaheim ANA Sale of August 1995, lot 5584; Heritage's Early Spring ANA Sale of March 1996, lot 6054; Heritage's Cleveland ANA National Money Sale, March 1997, lot 5759; Heritage's Long Beach Signature Sale of June 2001, lot 5390; Heritage's Long Beach Signature Sale of February 2002, lot 5059; Heritage's FUN Signature Sale of January 2004, lot 4156; Heritage's sale of the Joshua and Ally Walsh Collection of United States Cents, January 2006 FUN Signature Auction, lot 574. PCGS Population (all die marriages of the issue): 10; 12 finer in this category (MS-66+ BN finest). PCGS also reports two grading events in the RB category: MS-62 RB, which refers to an early submission of the present example, and MS-65 RB. PCGS# 1510. NGC ID: 224K. Click here for certification details from PCGS.