1792 AE 1C Washington President Eagle Reverse, Lettered Edge, BN MS(PCGS#708)

Winter 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2029

等级

XF45BN

价格

381,365

详细说明

Extremely Rare 1792 Washington President Legend Reverse; Lettered Edge The Second Finest 1792 Washington President Pattern. Legend Reverse. Musante GW-35, Baker-59A, Breen-1235. Copper. Lettered edge, UNITED STATES OF AMERICA. EF-45 (PCGS). 172.5 grains. Somewhat mottled olive and steel brown give the appearance of an ancient cleaning that has long since toned back, but there are no unsightly hairlines or other associated problems, and the overall eye appeal is not unpleasant. It is also the second finest of the very few survivors. A couple of faint scratches and scattered marks are noted alongside the soft wear that indicates this piece actually circulated as a commercial copper for a short time before being plucked out and saved as something obviously unusual and special. Rather well struck, with both sides nicely centered and just a trace of the usual softness at the central reverse where the pressure was just not enough to completely express the fine details in opposition to the high relief of the portrait on the obverse. One of the rarest of the Jacob Perkins pattern issues, this type is scarcely ever offered, especially with the edge lettered, as here. Walter Breen listed just four known specimens in his Complete Encyclopediain 1988, while three were reported as known by Rulau and Fuld in their 1999 revision of the Baker reference. Musante also reported four, but only Breen listed those known to him, as follows (with adjustments for modern appearances): 1.Joseph Mickley; Col. Mendes Cohen; William Sumner Appleton-Massachusetts Historical Society. Plated in Musante. Called “polished” in the literature. 2.Matthew Stickney-Col. James Ellsworth-Garrett Collection, March 1981:1733 Donald Partrick, HA, March 2021:15157, graded VF-20 (NGC) @ $36,000. 3.John L. Roper, Stack’s, December 1983:400. Reverse nearly smooth. 4.J. Carson Brevoort-Lorin G. Parmelee (1876)-Isaac F. Wood- Norweb, Stack’s, November 2006:2053 graded AU-55 (PCGS) @ $92,000; Donald Partrick, HA, January 2021:3963 graded AU-55 (NGC) @ $78,000. Finest. To this listing, we can add these additional pieces: 5.Bowers and Merena, September 1984:777. Similar to Garrett sharpness, but reverse center dig and scratches. 6.Stack’s Privately, 1983; Anthony Terranova; The Archangel Collection, Stack’s Bowers Galleries, October 2018:7129, graded EF-45 (PCGS) @$66,000. The present specimen. Specimen number #4 above is clearly the finest known of the six we are aware of, while Specimen #1, and this appear similar, aside from #1 having been described in the past as “polished.” That would leave this as the second finest known of the recognized survivors. Provenance: From the Sydney F. Martin Collection. Earlier ex Stack’s, privately, 1983; Anthony Terranova; our sale of the Archangel Collection, October 2018, lot 7129, via Anthony Terranova. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.[“Coins]