1802 1C, RB MS(PCGS#1471)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1042

等级

MS66RB

价格

316,785

详细说明

Beckwith's - Phenomenal 1802 S-235 Cent CC#1 for the Variety; CC#2 for the Date 1802 Draped Bust Cent. S-235. Rarity-3. MS-66 RB (PCGS). Type:Draped Bust. Design: Obv: A draped bust of Liberty faces right with the word LIBERTY above and the date 1802 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-235, Breen-15. Obv: The digit 8 in the date is a tad low, the letters IB in LIBERTY are close, and the ER and TY are widely spaced. S-235 represents the only use of this obverse die. Rev: Berries are arranged five left, four right, with no berry on the inside of the wreath at the letter T in CENT. This reverse also appears in the S-234 and S-236 pairings. Most die marriages of this date -- including S-235 -- correspond to the "normal" reverse Guide Booklisting of the 1802 Draped Bust cent. Die State: Noyes C/C, Breen V. Obv: Cud break at the border above the letters RTY in LIBERTY, enveloping the top of the T and touching the upper left of the Y. Prominent clash marks are also seen at the letters RTY, as well as in the field along Liberty's profile and below the chin. Rev: The die is broken or injured with a series of arcing lines from the letter M in AMERICA to the letter N in UNITED. Multiple clash marks within the wreath, particularly to the right of the denomination ONE CENT, die crumbling at the leaves below the letters CA in AMERICA. Edge: Plain. Mintage: The Guide Bookprovides a mintage of 3,435,100 coins for the 1802 Draped Bust cent, which represents the sum of all of the Mint's deliveries for this denomination during calendar year 1802. Some of these coins may have been from 1801-dated dies, while many 1802-dated cents were probably struck during early 1803. Estimated Surviving Population for the Die Variety: Rarity-3: 301 to 400 coins in all grades. Strike: An exceptionally well produced example, both sides are well centered on the planchet with uniform denticulation around the borders. The obverse is sharply struck throughout with crisp delineation to most of the individual strands in Liberty's hair and folds in the drapery. Just a touch of softness is noted at the end of the bust and, more prominently, at the word OF in the legend on the reverse, the result of axial misalignment of the dies. The reverse is also soft at the left and lower right wreath; other features on that side are sharp, and the overall design is suitably bold. Surfaces: This is a beautiful Gem with plenty of original bright pinkish-orange color remaining on both sides and warm autumn-brown patina very much in evidence. The surfaces are glossy and as nice as would be expected for the assigned grade. There are only a few wispy marks that are easily overlooked; the obverse has a few swirls of variegated toning over and before the portrait, and there is a faint reverse spot at the letters AM in AMERICA. Commentary: Whereas cent production in calendar year 1801 was delayed until August due to a lack of copper, calendar year 1802 opened with nearly 3 million planchets on hand at the Mint, and the first delivery of the year arrived on January 16. Coinage for this denomination remained strong through December, the unusually generous (for the era) mintage of 3,435,100 coins for calendar year 1802 perhaps reflective of a temporary strengthening of the economy. The ESM specimen from the Sheldon-235 dies is one of the most famous 1802 Draped Bust cents. In conjunction with the release of his 1925 book on the cents of 1801, 1802, and 1803, Newcomb displayed "his collection of cents of 1801, 1802, and 1803, of which there were 114 varieties, all in the best possible condition," at the American Numismatic Association convention that year, The Numismatistreported in October 1925. Twenty years later, this coin brought $90 at the 1945 Newcomb sale, where Newcomb's S-234 realized $150. The Breen large cent reference recounts, "Newcomb often exhibited [his S-235] along with his MS-65 S-234 as 'just a pair of 1802 cents.'" Everyone was in on the joke, as there was no finer pair of 1802 cents anywhere on the planet. Today these coins retain their CC#1 and CC#2 rankings for the date, and they are the two finest 1802 cents known to PCGS. The S-234, certified MS-67 RB by PCGS, realized $141,000 in our April 2017 Pogue V sale. The ESM specimen offered here, CC#2 for the issue, is equally worthy of very strong bids. Ranked CC#1 for the S-235 dies in both the Bland and Noyes census listings with EAC grades of MS-65 and MS62(MS60) Average, respectively. Outstanding! Provenance: From the ESM Collection. Earlier ex S.H. Chapman's sale of the Dr. Henry W. Beckwith Collection, April 1923, lot 27; Elmer S. Sears; Howard R. Newcomb; J.C. Morgenthau & Co.'s sale of the Howard R. Newcomb Collection of United States Cents, Part I, February 1945, lot 370; T. James Clarke, 1950; Dr. William H. Sheldon, April 19, 1972; R.E. "Ted" Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino; our (Bowers and Merena's) Rarities Sale of January 1999, lot 1023, unsold; Gil Clark; Heritage's sale of the Gil Clark Collection, September 2003 Long Beach Signature Sale, lot 5291; Ira & Larry Goldberg's Pre-Long Beach Coin Auction of February 2005, lot 816. The plate coin for the variety in both the 1991 and 2015 editions of the Noyes large cent reference. The obverse is plated in Newcomb, Early American Centsand Penny Whimsy. PCGS Population (all "normal" reverse varieties of the issue): 1; 1 finer in all categories (MS-67 RB). PCGS# 1471. NGC ID: 224E. Click here for certification details from PCGS.