1796 1C S-107, BN MS(PCGS#35792)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

Auctioneer

Stack's Bowers

Lot Number

272

Grade

VF Details

Price

3,600

Lot Description

1796 Draped Bust Cent. S-107. Rarity-6. Reverse of 1794. VF Details--Repaired (PCGS). Both sides exhibit gray-brown patina with areas of deep copper and reddish-brown intermingled here and there. The obverse is slightly granular, with rough patches at the lower right and across Liberty's bosom. The reverse is microgranular. All major design details are sharp, even the ends of Liberty's hair strands and the leaves in the wreath on the reverse. Noyes Die State B with a rim break to the right of the letter T in LIBERTY that engages the top of the adjacent letter Y before continuing along the border to end before Liberty's nose. This is the discovery coin for the late obverse die state of the Sheldon-107 variety. EAC grade Fine-12 and tied for third finest known in Walter Breen's large cent encyclopedia (2000). Some collectors who have seen this coin and the other EAC Fine-12 (the Proskey-Hines-Sheldon-Naftzger specimen) feel that the coin offered here is better. Obverse plated in Early American Cents, Penny Whimsy, and the Noyes large cent reference. Provenance: From the John Whitney Walter Collection. Earlier ex Ebenezer Gilbert's Collection as his No. 17, the die state discovery coin; Thomas L. Elder's sale of the Henry C. Miller Collection, April 1917, lot 738; Henry C. Hines; Dr. William H. Sheldon, April 1972; R.E. "Ted" Naftzger, Jr., February 1992; Eric Streiner, December 1993; our (Stack's) 65th Anniversary Sale, October 2000, lot 68. Obverse plated in Early American Cents, Penny Whimsy and the Noyes large cent reference (in the last, for the late die state). PCGS# 1404. Click here for certification details from PCGS.