1797 1C S-120a, Reverse of 1795, BN MS(PCGS#35894)

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

Auctioneer

Goldberg Auctioneers

Lot Number

214

Grade

XF40BN

Price

7,800

Lot Description

Lot 214 1797 S-120a R3 Reverse of 1795, Plain Edge PCGS graded XF40.Frosty medium chocolate brown with hints of reddish steel and olive brown in a few of the protected areas on both sides, mostly at TED-STA. The surfaces are smooth and nearly void of contact marks. The best identifying mark, and it is barely visible with a glass, is a thin diagonal planchet fissure in the field above the hair ribbon (as struck). Nicely struck EDS, Breen state I, prior to any die cracks or crumbling on the obverse. A beautiful example of the 1797 Plain Edge with Single Leaves at the top of the wreath variety. Our grade is VF25. And it comes with a wonderful provenance. The attribution and Trollan provenance are noted on the PCGS label. PCGS population 1; 4 finer for the variety, 2 in 45, 2 in 58.Estimate Value $4,000 - UP Ex Henry C. Hines-Homer K. Downing, 1952 ANA Sale, lot 1760-Willard C. Blaisdell 2/24/1975-Del Bland 2/25/1975-C. Douglas Smith (who graded it VF30)-Dr. Robert A. Schuman, McCawley & Grellman Auctions/Superior 6/5/2000:143-Dan Trollan Collection (includes the Downing and Superior lot tickets and Smith collection envelope).