1793 1C Liberty Cap, S-12, BN MS(PCGS#35486)

January 2019 Pre-Long Beach U.S. & World Coin Auction #109

Auctioneer

Goldberg Auctioneers

Lot Number

27

Grade

VG10BN

Price

22,200

Lot Description

Lot 27 1793 S-12 R6- Liberty Cap PCGS graded VG10.Slightly glossy dark chocolate and olive brown. The surfaces are nice but not perfectly smooth accounting for the subdued gloss. No verdigris, only a few contact marks consistent with the grade. The notable marks are a collection of small rim bruises or dull rim nicks at F-A and one more at the D in UNITED. The date and legends outside the wreath are all strong, but only parts of the E in ONE and T in CENT are still visible. M-LDS, Breen state II late, with an obvious bulge in the center of the reverse that obliterates most of ONE CENT, and there is a subtle bulge in the field under the cap. Sylvester Crosby discovered this die variety in the collection of William Fewsmith of Camden, New Jersey, in October of 1869--just 6 months after Crosby published his monograph on the cents of 1793. He correctly identified it as a previously unknown marriage of two known dies: Obverse 12 and Reverse K. The discovery of the variety was included as the final entry in Levick's 1869 Book of Rubbings. Graded VG10 and tied for CC#5 honors in the Breen/Bland census. Noyes says F12 net VG7 and tied for CC#6, his photo #28611. Our grade is VG10, same as the PCGS grade. The US Mint struck a total of 11,056 Liberty Cap 1793 Cents from 6 different die marriages, all produced in August of that year. It is estimated that 3.1% of them have survived to today, a total of about 350 coins. Among all the survivors we estimate that fewer than 40 pieces grade VF20 or better, and most of those are of the S-13 die variety. Weight 204.7 grains. The attribution and Neiswinter provenance are noted on the PCGS label. PCGS population 1; 1 finer in VF35 for the variety at PCGS.Estimate Value $27,500 - UP Ex DeWitt Smith 1908-Virgil M. Brand-New Netherlands Coin Co. (privately)-Dr. William H. Sheldon 4/19/1972-R. E. Naftzger, Jr., New Netherlands Coin Co. 11/14/1973:335-R. S. Brown, Jr., Superior 9/30/1986:18-Jim Neiswinter Collection.