1797 1/2C C-1, 1 Above 1, BN VF30BN 认证号15424680, PCGS号35101

1797 C1 Liberty Cap half cent, 1 Above 1, Plain Edge, R2. This is the front-line example for the Furnace Run PCGS Registry Set of US half cents from 1793 to 1857 by Cohen Variety. This coin has been authenticated and graded by PCGS as VF30, and this is a lovely example. Very sharp, certainly VF30, with nice glossy chestnut brown color with some hints of olive. Sharp early die state M1.0 with no trace of the bulge left of L. The obverse is nearly flawless with a bold 1 above 1, but I do see a couple of tiny marks on top of the reverse borders at TA and ES on the reverse. Clearly an above average example and the EDS is a nice bonus. Purchased back in 2010 for $3000 but no seller information; Furnace Run Collection.

Ron Guth

The 1797 C-1 Half Cent shows one of the various goofs made by engravers in the early days of the U.S. Mint.  On this variety, the engraver picked up his numeral 1 punch, then stamped the 1 into the die by hitting the punch with a hammer.  Upon inspection, the engraver realized he had punched the 1 too high in the die, so he simply left it where it was, then created the date in the normal position.  Today, an engraver would simplt discard a defective die, but, back in 1797, the cost of die steel was so high and the labor was so intensive that discarding a perfectly good die was out of the question.  The result is one of the more interesting major varieties in the Half Cent series.

I once owned the finest known example of this date (the PCGS MS66BN example illustrated above).  I purchased it in a 1981 Superior Auction for $12,500.  Unfortunately, the coin market was quite weak in 1981 and I had a big tax bill from the previous year that had to be paid, so I sold the coin for a fairly hefty loss (Iet's say, it hurt).  The coin went through a couple of dealers and ended up in what is now known as the Missouri Cabinet (back then, we knew it as Tett's collection), where it has resided ever since.  Today, the coin is worth into six figures, so, naturally, I wish I had it back, but I'm proud to have my name attached to the pedigree of at least one coin from this remarkable collection.