1798 1C S-187, BN XF45BN 认证号32783007, PCGS号36128
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Ron Guth
According to Walter Breen, S-187 is "...the commonest variety of the date." This may be true in terms of rarity, but it is not true in terms of condition. This is one tough variety to find in top condition. Mint State examples are nearly impossible to find, none have been certified as such by PCGS, and NGC reports a single MS62BN. Even so, this variety is quite affordable. Where else can a collector obtain a Condition Census level coin for a couple thousand dollars.
The dies for this variety started out almost perfect, then began to crack and crack as more coins were struck. Eventually, the die cracked so badly that pieces of metal began to fall off the die, causing raised lumps (or cuds) to appear on the upper right obverse. The latest state (supposedly, as the coin remains untraced) exhibits a massive cud in the same area -- if this coin exists it was certainly one of the last ones from the dies.
Red-Brown and Red S-187s are non-existent.