1807 50C O-112 MS(PCGS#39356)

August 2019 Mail Bid Auction 49

Auctioneer

Sheridan Downey

Lot Number

3

Grade

AU58

Price

5,775

Lot Description

The first offering from The Long Island Collection.  Here is an 1807 with stunning luster.  The brilliant centers are framed by a ring of album toning.  Minor luster breaks on the cheek and neck account for the modest grade.  It was last seen 37 years ago when our consignor spotted it in Herbert Melnick’s July 1982 sale of the Leon Goodman Collection.  The auction envelope survives along with a section of the catalog describing lot 1109 as “UNC 60 with violet-tan and blue-violet rim toning, nearly full lustre….”   The exceptional eye appeal will raise eyebrows during preview.  Look for a bidding war among knowledgeable collectors.  Est. $5,500 to $7,500.