1787 Fugio 1C UNITED Above, 4 Cinq, RB MS(PCGS#902)

The January 2013 Americana Sale

拍卖行

Stack's Bowers

批号

11583

等级

MS64

价格

131,778

详细说明

1787 Fugio Copper. Pointed Rays. Newman 11-A, W-6780. Rarity-6. UNITED Above, STATES Below, 4 Cinquefoils. MS-64 RB (PCGS). 145.06 grains. An absolutely stunning example of this very rare variety, one of perhaps 20 to 25 known, nearly all of which are in high grade. Though only 12 specimens are documented as coming from the Bank of New York Hoard, it seems likely that all or nearly all of the survivors come from that source. This piece is tied for finest certified by PCGS and stands among a small number of survivors with a significant proportion of surviving mint color. The red remains bright around peripheries and devices, only light faded to pleasing mellow brown in the fields. The luster is excellent and the sharpness is ideal. Some light and scattered planchet flecks are noted, more in the left obverse field than elsewhere, a few in the right obverse field, one little flaw at N of UNITED above central reverse. An important major variety, the only die marriage in the Fugio series with UNITED atop STATES. When the Fugio reverse dies were made, they were hubbed from a design matrix that already included UNITED STATES. Depending upon how WE ARE ONE was hand punched into the die, we end up with either a UNITED STATES variety or a STATES UNITED variety. Newman's reverse A has its central motto punched at a 90 degree angle, thus UNITED over STATES. This variety is often missing from even the finest collections. Rob Retz never owned one. This example is of connoisseur quality and will surely see strong competition. It is the second finest your cataloger has seen in the auction market since 2001, finer than either of the Ford specimens, surpassed only by the less-red Kessler reverse plate that appeared in our (Stack's) Minot sale of May 2008, realizing $36,800.