1796 $1 Large Date, Small Letters MS(PCGS#6861)

The Regency Auction 47

拍卖行

Legend Rare Coin Auctions

批号

305

等级

MS62

价格

796,772

详细说明

FROM THE ERIC H. TEMPLETON COLLECTION This is a GLORIOUS CHOICE Mint State B-5, BB-65, which at one time was thought to be the FINEST KNOWN example of the variety. Today, it is solidly in the Condition Census, and ranks as tied for third FINEST of the die marriage behind the Pogue MS64 and Newman MS63+. This die pairing is the ONLY Large Date, Small Letters variety for the year. Cataloging this coin over two decades ago, the catalogers at Stack's wrote: "The condition of this specimen far and away exceeds the quality of the recognized condition census for this die variety. It would not be presumtuous to say this is the finest known of the variety and easily among the finest known of for this date..." Unlike the 1795 Draped Bust, it seems that few were actually saved as souvenirs by early collectors. In 1796, and in Mint State these are almost prohibitively RARE. Full original mint luster radiates boldly in the fields on both sides giving this CHOICE example an intensely brilliant flash. Both sides show vivid coloration with visually impressive champagne-gold and a mix of lavender, orange, lilac-gray, and cobalt-green patina. The surfaces are well preserved with just the slightest hint of contact, visible only with the aid of a glass. To identify this coin, there are some fingerprint impressions seen near the date, which blends into the surrounding toning pattern nicely and does not detract from the outstanding eye appeal. Sharply struck from Die State II which shows the die lump by C in AMERICA, but it does not touch the C. This important coin is not listed in the Bowers 2013 list of Notable Specimens, and would rank as #3 or #4 on that list today. A truly spectacular example of this major Red Book variety. Ex. Stack's, June 1999, lot 2287 (raw as Choice Brilliant Uncirculated "and nearly of Gem quality); Eugene Gardner Collection, Part II, Heritage, October 2014, lot 98585 (as PCGS MS61); intermediaries; our consignor. PCGS 2, NGC 1. This coin realized $102,813 in October 2014 as an MS61 PCGS. In MS62, neither a PCGS, nor NGC coin has sold since the April 2009 sale of the Joseph C. Thomas Collection. Today the current PCGS Price Guide value is listed at $150,000. The only finer PCGS coin to sell in auction was the above mentioned Pogue coin that brought nearly a quarter million dollars half a decade ago. What a great coin worthy of a world class early dollar set. Good luck! Cert. Number 10008117 PCGS # 6861.00