1795 1C Plain Edge, BN MS(PCGS#1380)

August 2019 ANA U.S. Coins Auction Rosemont, IL

拍卖行

Stack's Bowers

批号

5082

等级

MS62BN

价格

59,291

详细说明

Delightful Mint State 1795 Cent 1795 Liberty Cap Cent. S-78. Rarity-1. Plain Edge. MS-62 BN (PGCS). Ample hints of mint red shine through the even golden-brown patina with especially smooth and glossy fields framing a sharply impressed bust of Liberty, with hints of lightly iridescent regions of darker brown. There is a crescent planchet clip as made at 3 o'clock that just barely cuts into the denticles. While the planchet shows minor irregularities more evident on the reverse that are typical for this issue, the surfaces are free of any defects and marks and is a delight to behold. The cents of 1795 have long held numismatic interest with the diverse varieties struck that year. The first 1795 cents to be produced were of the heavier thick planchet Lettered Edge variety. However, as the price of copper rose that year, it became progressively more expensive to produce cents at the heavy 208 grain standard. On December 27, President Washington instructed the Mint to reduce the weight to 168 grains. Some 37,000 Lettered Edge cents were struck before this directive was passed down, with an additional 45,000 coins produced between December 28 and December 31. The following year, five more deliveries of 1795-dated cents totaling an estimated 501,500 coins were made between January 16 and March 31 before 1796-dated cent production began. The copper came from several sources, including rolled copper sheets from various suppliers, as well as recycled copper clippings, giving surviving specimens wide ranging planchet quality. The Sheldon 78 die marriage is clearly discernable from the more available S-76B by examining the 5 in the date; here, the top stroke is curved and clear of the bust, while on the S-78B the top stroke is half buried within the bottom of the bust. The reverse die with the diagnostic seven berries - four on the left and thee on the right - is believed to have been prepared as early as December 1795 by John Smith Gardner. While the S-78 is one of the most available of the 1795 varieties, this is a decidedly scarce issue Mint State; PCGS estimates perhaps only 25 specimens can claim to be uncirculated, topping out with a solitary MS-65 BN we sold in our January 2013 Americana Sale of the Cardinal Collection Educational Foundation example. A charming example that will enjoy a place of pride in any early cent collection. PCGS# 1380. NGC ID: 223T. Click here for certification details from PCGS.