1793 1C Wreath, Lettered Edge, BN MS(PCGS#1350)

The Regency Auction XXI May 2017

拍卖行

Legend Rare Coin Auctions

批号

95

等级

MS64BN

价格

2,024,444

详细说明

S-11c. This is the Lettered Edge with a Single Leaf and is tied with one other as the finest known of the type 1793 Wreath Cents. The color is perfectly even and light tan throughout, handling marks are virtually none, and for identification there is a minor planchet flake, which remains attached, above the TA of STATES. As to the strike, it is sharp and complete, with bold definition on Liberty’s curls as well as the finer veins on the leaves. The centering is excellent and the planchet is nearly as wholesome as any seen, save for a few minute imperfections located on the reverse. Exceptional eye appeal not only for the color and surfaces, but for the overall presentation. In 1793 one of the first priorities of the newly opened Philadelphia Mint was to get coins into circulation. While the original bonding requirements for the Mint’s employees delayed precious metal production of silver and gold, there was no restriction on copper, so the first focus of production were these large cents and soon half cents, both struck in 1793. The initial large cent design was the Chain reverse, but that did not meet with public favor, so that design was changed after a few short months to this Wreath design. That too met with disfavor with the public, and for the third time in 1793 entirely new designs were created, the Liberty Cap design, and those finally lasted more than a few months, continuing until mid 1796. Hence type, date and historical collectors all seek out these 1793 cents and there are few available, especially if a high grade Mint State coin is desired. Thankfully one collector will be more than satisfied with this stellar example, with its regal surfaces and finely struck devices. Listed as #1 in Walter Breen’s Census for the S-11c variety, this coin first appeared in the Dr. Charles Clay Collection, sold by Woodward and Strobridge, December 1877, lot 701; James E. Root; Edward Coggan’s December 1878, lot 231; Lorin G. Parmelee; New York Coin & Stamp Co. June 1890, lot 673; S.H. & H. Chapman; John G. Mills; Chapman Sale, April 1904, lot 1232; Carl Wurtzbach; Virgil Brand; New Netherlands; Harold Bareford Collection, Stack’s September 1978, lot 502; J.M. “Jack” Stone; intermediaries; present consignor. PCGS 2, NGC 1, CAC 2. The other PCGS MS64 BN example of the Lettered Edge variety Wreath Cent was auctioned for $270,250 in August 2014. This coin is even nicer in our opinion and should bring more today. If you demand the very finest of this major type with the Lettered Edge then here it is. Good luck! PCGS # 1350 Cert. Number 25574855 PCGS # 1350