1798 1C S-155, Reverse of 1795, BN MS(PCGS#36002)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1029

等级

MS62BN

价格

108,374

详细说明

Condition Census 1798 S-155 Cent Reverse of 1795 1798 Draped Bust Cent. S-155. Rarity-3. Reverse of 1795. MS-62 BN (PCGS). Type:Draped Bust. Design: Obv: A draped bust of Liberty faces right with the word LIBERTY above and the date 1798 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-155, Breen-9. Obv: Style I Hair (a.k.a. Head of 1797) without an extra curl in Liberty's hair at the shoulder. Style II Letters, the tail of the R in LIBERTY is curved. Widest Date on any 1798 Draped Bust cent variety, the digit 1 close to the curl and the digit 8 nearly touching the drapery. S-155 represents the only use of this obverse die. Rev: Reverse of 1795 with 19 leaves in the left branch of the wreath, 18 in the right, berries four left and four right. There is a single leaf at the end of each branch at the top of the wreath, with a double leaf cluster on the inside of the wreath at the letter O in ONE and a triple leaf cluster below the letter T in CENT. Paired berries are on the branch below the letters ER in AMERICA. This reverse also appears in the S-87, S-88 and S-89 varieties of the 1796-dated Liberty Cap cent issue. Along with S-156 and S-178, S-155 corresponds to the Reverse of 1795 Guide Bookvariety of the 1798 Draped Bust cent. Die State: Noyes D/F, Breen VI. Obv: Cracks as follows: from the border at 11 o'clock, through the letters LI and into the field below the B in LIBERTY; from the lower border through the digit 7 in the date and into the lower hair curls; at the top of the digits 79 in the date, turning upward at the right edge of the 9 and continuing into the drapery; from the lower border through the digit 8 in the date into the drapery, with pieces out of the die within the drapery along the end of the crack. Several light die chips are evident in the field between the letters LI in LIBERTY. Rev: Extensive die rust is seen, most significantly at the letter U in UNITED, within the wreath around the denomination ONE CENT, and at the leaves below the letter M in AMERICA. At least nine sets of clash marks from Liberty's portrait are evident within the wreath. Edge: Plain. Mintage: Federal records provide a mintage of 979,700 cents during calendar year 1798. Popular numismatic references such as the Guide Book, however, list a mintage of 1,841,745 coins for the 1798-dated Draped Bust cent issue. The exact number of coins struck from 1798-dated dies is unknown, although it certainly includes most of the 979,700 cents delivered during calendar year 1798, most of the 904,585 cents delivered during calendar year 1799, and perhaps also some coins struck in 1800. Estimated Surviving Population for the Die Variety: Rarity-3: 301 to 400 coins in all grades. Strike: A well centered impression has resulted in nearly uniform denticulation around the reverse border. Obverse centering is less perfect with broader denticulation from 12 to 5 o'clock than elsewhere on that side. Virtually all design elements are sharply to fully defined, only the central obverse over and behind Liberty's forehead, cheek and neck a bit soft due to a mixture of light die rust and a slightly rough texture caused by foreign matter (likely die grease) adhering to the die. Surfaces: This wonderfully original example is predominantly toned in a bold blend of olive and steel-brown. Blushes of lighter sandy-tan are evident in some of the more protected areas around the devices and along the borders on both sides, representing faded mint color. The texture is hard and satiny with no marks of note, a few splashes of darker toning at the letters RTY in LIBERTY, over and around Liberty's portrait and, on the reverse, within the wreath at the letter U in UNITED. Commentary: An intriguing variety, Sheldon-155 is one of three for the 1798-dated Draped Bust cent issue that employs a reverse die that was used earlier in the production of 1796-dated Liberty Cap cents. These varieties (which also include S-156 and S-178) are generally referred to as the Reverse of 1795, which corresponds to the Guide Book'slisting of the wreath design with single terminal leaves at the top of each branch. Some numismatists, however, refer to S-155, S-156 and S-178 as the Reverse of 1796 in deference to the fact that the reverse dies were first used with 1796-dated Liberty Cap cents. PCGS uses the Guide Bookterminology on their holders, as here. The ESM specimen is among the finest known survivors from the S-155 dies. The Bland census assigns an EAC grade of MS-60 and CC#2 ranking after the Mickley-Winsor specimen, Noyes (2015) says AU50(MS60) Average and tied for CC#4. Provenance: From the ESM Collection. Earlier ex Charles J. DuPont; our (Stack's) Anderson DuPont Sale, Part I, September 1954, lot 199; Abe Kosoff; R.E. "Ted" Naftzger, Jr.; New Netherlands Coin Co.'s sale of November 1973, lot 471; Del Bland; Dr. Dane B. Nielsen; Dr. Philip W. Ralls; Ira & Larry Goldberg's sale of the Dr. Philip W. Ralls Collection, January 2014 Pre-Long Beach Sale, lot 506. PCGS Population (all die marriages of the Reverse of 1795 variety): 1; 3 finer (MS-65 BN finest). PCGS# 36002. NGC ID: 2244. Click here for certification details from PCGS.