1807 1C Small Fraction, BN MS(PCGS#1534)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1055

等级

VF20BN

价格

5,836

详细说明

Mid-Grade 1807 S-274 Small Fraction Cent Breen Die State IV 1807 Draped Bust Cent. S-274. Rarity-2. Small Fraction. VF-20 (PCGS). Type: Draped Bust. Design: Obv: A draped bust of Liberty faces right with the word LIBERTY above and the date 1807 below. Liberty's hair is tied with a ribbon, the ends of which are plainly evident at the back of the head. Rev: A wreath surrounds the denomination ONE CENT, the base of the wreath bound by a ribbon tied into a bow. The legend UNITED STATES OF AMERICA is around the border and another expression of the denomination 1/100 is below. Weight Standard: 10.89 grams. Diameter: 29 mm. Die Variety: Sheldon-274, Breen-4. Obv: Perfect Date, the digit 1 blunt and close to the curl, the letters ER in LIBERTY well above the hair. This obverse die also appears in the S-275 pairing. Rev: Small Fraction with a long engraver's scratch from the right end of the fraction bar through the right ribbon end and the top of the final letter A in AMERICA. S-274 represents the only use of this reverse die. S-274 is the only die marriage that corresponds to the Small Fraction Guide Bookvariety of the 1807 Draped Bust cent. Die State: Noyes A/D, Breen IV. Obv: Repolished with clash marks from earlier states effaced. Reverse die swell has weakened the lowest curls and the digit 1 in the date. Rev: Die heavily swollen at the upper left, obliterating virtually all of the letters STAT in STATES, as well as a crack from the border between the TA. Close inspection with a loupe reveals a faint crack from the border through the letter D in UNITED, as well as light clash marks here and there within the wreath. Edge: Plain. Mintage: The Guide Bookprovides a mintage for this issue of 829,221 coins, which represents three quarterly deliveries of cents during calendar year 1807, plus the first quarter's delivery during calendar year 1808, as follows: -First quarter 1807 = 264,000 coins -Second quarter 1807 = 225,221 coins -Fourth quarter 1807 = 238,000 coins -First quarter 1808 = 102,000 coins As usual in the Draped Bust cent series, the actual number of coins struck from 1807-dated dies is unknown and can only be estimated. For example, many of the coins delivered during calendar year 1807 may have been from earlier-dated dies, perhaps as early as 1803, and the actual date(s) of the coins struck during the first quarter of 1808 was not recorded. No cents were delivered during the third quarter of 1807. Estimated Surviving Population for the Die Variety: Rarity-2: 751 to 1,000 coins in all grades. Strike: Those features not affected by the advanced die state retain ample boldness of detail, most of the individual strands in Liberty's hair are crisply delineated and all major elements of the wreath are clear. Approximately 75% of the denticulation is evident on the obverse, a bit more on the reverse. Surfaces: Both sides are richly toned in dark copper brown, with blushes of golden-brown in the obverse field and on the reverse around the denomination ONE CENT and many of the leaves in the wreath. These are areas where original mint color was last to fade. The surfaces are hard and tight with no porosity or corrosion. Scattered light to moderate-size marks are more extensive on the obverse, commensurate with the assigned grade, and include a shallow dig near the rearmost hair curl at the bottom of the portrait that serves as a useful identifier. Commentary: The only die marriage associated with the Small Fraction Guide Bookvariety of the 1807-dated cent issue, Sheldon-274 enjoys strong collector demand and examples are scarcer from a market availability standpoint than a Rarity-2 rating might imply. The ESM specimen is a well balanced PCGS VF representing a late state of the dies, and it is sure to appeal to many early copper variety enthusiasts. Provenance: From the ESM Collection. PCGS Population: 3; 15 finer, two of which are Mint State (MS-64 BN finest). PCGS# 1534. Click here for certification details from PCGS.