1794 1C Crossed E, S-46, BN MS(PCGS#35603)

1794 1C Crossed E, S-46, BN MS (PCGS#35603)

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

Lot Description: Lot 157 1794 S-46 R3 PCGS graded XF45, CAC Approved.Choice glossy light chocolate brown. Smooth and virtually flawless, only a few trivial ticks on the obverse from perfect for the grade. The best identifying mark on this piece is on the edge where "Phs." (for Phelps) was carefully added in yellowish-white ink between HUNDRED and FOR. M-LDS, Breen state IV, with the small area between die cracks at the top of the 4 just starting to rise as a retained cud before finally breaking away completely (Breen's state V). A clear double profile shows on the nose. A cent with great eye appeal. Called VF30 and tied for CC#12 in the Bland census. Noyes says VF30 and tied for CC#10, his photo #36528. Our grade is VF30. The obverse of this cent is plated in the 1893 Frossard/Hays monograph on the cents of 1794. The attribution and Trollan provenance are noted on the PCGS label. PCGS population 2; 3 finer for the variety, 1 in 53, 1 in 63BN, 1 in 64RB.Estimate Value $6,000 - UP Ex Henry Phelps 1901-Charles Steigerwalt-unknown-Harry H. Trackman, Stack's 12/4/1984:1033-Joel Spingarn 4/23/1993-Dr. Willard J. Carmel, Jr., Superior 9/7/1997:166-March Wells, McCawley & Grellman Auctions/Goldbergs 2/2009:526-Dan Trollan Collection (includes all 3 lot tickets).