1798 1C S-167, BN MS(PCGS#36071)

February 2020 Pre-Long Beach U.S. & World Coin Auction #115

Auctioneer

Goldberg Auctioneers

Lot Number

311

Grade

AU58BN

Price

13,800

Lot Description

Lot 311 1798 S-167 R1 Style II Hair, Large 8. PCGS graded AU-58. CAC.Very attractive lustrous tan and light brown with darker steel brown toning on the highpoints. Looks mint state but there is a hint of friction on the highest points of the devices. The notable marks are a small spot of darker reddish brown toning in the field before the nose, a diagonal nick on the bust, and a horizontal hairline over the 17 in the date. In addition there is an incipient planchet clip that weakens a couple dentils below the 1 in the date and the opposing dentils above the second T in STATES, as struck. EDS but not quite the earliest state according to Breen, Breen state I late or II early, with a few faint die chips from the base of the E in UNITED and some more in the leaves below the O in OF. The fields on the obverse are covered with fresh vertical die polishing lines and the fields on the reverse are smooth and show faint vertical die polishing lines inside the wreath. The earliest die state for this variety your cataloger has seen. Graded MS62 Choice and tied for CC#1 honors in the Noyes census, his photo #21501. Bland says AU55 and tied for CC#3. Our grade is AU58. This is the plate coin for the variety in the 1991 Noyes reference on early date large cents and it comes with a nice provenance. The attribution and Nancy & Bryan Collection provenance are noted on the PCGS label. PCGS population 5; 4 finer: 1 in 62, 2 in 63, 1 in 64 (PCGS # 36071) Value $10,000 - UP Ex Elmer S. Sears 3/12/1930:206-Henry C. Hines-Dr. William H. Sheldon 4/19/1972-R. E. Naftzger, Jr., 2/23/1992-Eric Streiner 4/2/1992-Thomas D. Reynolds Collection 1/31/2015-Nancy & Bryan Collection (includes the Naftzger collection envelope).