1797 1C S-140, BN MS(PCGS#35951)

The Regency Auction 45

Auctioneer

Legend Rare Coin Auctions

Lot Number

413

Grade

MS64BN

Price

17,625

Lot Description

THE SOMMELIER COLLECTION Ex Gerrie Collection, as noted on the insert. An incredible near-GEM example of this early large cent. Though a common variety, listed as Rarity-1, this piece is clearly in the Condition Census, listed in Walter Breen's Large Cent Encyclopedia as #2, and boasts a very impressive provenance, including such large cent luminaries as: Dr. William Sheldon, Dorothy Paschal, John Adams, Dennis Loring, and Ted Naftzger. Right there, you should instantly know how impressive this S-140 is. Sharply struck from a late die state, Breen's state VII. As noted on the accompanying collector envelope, "Very late dies; heavy swelling and clashing." Breen notes that it has three obverse planchet defects, noted on the envelope as being "cracked and flaking. The surfaces are deeply toned in a dark brown with a brilliant glossiness on both sides. The visual appeal is excellent. Ex Charles R. Matthewson, 1955; Copley Coin Co.; Dr. William Sheldon; Dorothy Paschal; John W. Adams; Dennis Loring; Stephen Brown; Dennis Loring; John Wood (July 3, 1980); Roy E. "Ted" Naftzger Collection; Eric Streiner; intermediaries; Roy E. "Ted" Naftzger Collection, Goldberg's, September 2008, lot 174; Paul Gerrie Collection; our consignor. PCGS 37, NGC 5. This piece last sold at auction in September 2008 for $14,375--that was forever ago. The current Collectors Universe value is listed at $25,000. An important coin that has a great look and important pedigree! Bidding will be strong for sure. Cert. Number 26773115 PCGS # 1422.00