1793 1C Liberty Cap, S-14, BN MS(PCGS#35492)

The Regency Auction 52

拍卖行

Legend Rare Coin Auctions

批号

41

等级

AU50+BN

价格

2,373,419

详细说明

Among early U.S. coppers, the first year of issue, 1793 has a strong cache among all collectors. Three distinct types were produced in that first year, starting with the Chain type, Wreath, then finally the Joseph Wright designed Liberty Cap cent, that would be produced until mid 1796. Of the three types, the Liberty Cap is the rarest. All Liberty Cap cents of 1793 are RARE in this quality; most were heavily circulated and the eye appeal is often low end with environmental and other issues. The Sheldon-14 is a very rare variety, rated as Low Rarity-5. The rarity of this die marriage is partially explained by the major die crack that entirely bisects the obverse from about 12:00 to 6:00. After the die broke, this obverse was taken out of use. The present AU50+ S-14 is ranked as second FINEST KNOWN for the variety according the Bland census and ranks as tied for seventh finest for all Liberty Cap cents combined. WOW! Unlike the vast majority of Liberty Cap cents, the present piece has very pleasing and very smooth surfaces, devoid of any environmental damage, corrosion, or any other distractions that plague the issue and preclude 3rd party grading for many. The circulation is even and light, clearly it only spent a brief time in circulation, before it made its way "across the pond." The strike is well centered and very crisp with boldly defined features on both sides. The eye appeal is truly incredible! Discovered in England; John J. Ford, Jr.; C. Douglas Smith; Garry Fitzgerald; Lester Merkin; John Adams; Dorothy Paschal; Robinson S. Brown, Jr.; Denis W. Loring; Kagin's 1977 ANA Auction, August 1977, lot 224; Stack's; John L. Roper Collection, II, Stack's December 1983, lot 446; R.E. "Ted" Naftzger, Jr.; Herman Halpern Collection, Stack's March 1988, lot 16; Dennis Irving Long, Bowers & Merena, January 1990, lot 17; Denis W. Loring Collection, Heritage, January 2012, lot 3031; our consignor. PCGS 3, NGC 0, CAC 1. This is the only 50+ graded by PCGS and it sold for $299,000 a decade ago. While the current Price Guide value is listed at $315,000, the opportunity to acquire such an amazing coin is fleeting and should not be taken lightly. Cert. Number 19974723 PCGS # 1359