1807/6 1C Large 7, BN MS(PCGS#1528)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1054

等级

MS62BN

价格

66,692

详细说明

Impressive Mint State 1807/6 S-273 Cent Ex Reale-Rasmussen-ESM 1807/6 Draped Bust Cent. S-273. Rarity-1. Large 7, Pointed 1. MS-62 BN (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-273, Breen-3. Obv: Large 7 in the date punched over a 6, the digit 1 is pointed and distant from the curl. S-273 represents the only use of this obverse die. Rev: Small Fraction and Letters, the U in UNITED distant from the ribbon end, the point of a leaf under the left side of the upright of the letter D in the same word. This reverse die also appears in the S-271 and S-272 pairings. S-273 is the only die marriage that corresponds to the 1807/6 Large 7, Pointed 1 Guide Bookvariety of the 1807 Draped Bust cent. Die State: Noyes C/D, Breen IV. Obv: Boldly clashed in the field areas below the ribbon ends and in front of Liberty's neck. A light, jagged crack extends from the border at 8 o'clock toward the hair curls. Die swollen at the end of Liberty's bust and at the lowest curls, roughness and flowlines evident here and there throughout the field. Rev: The die is worn with little to no denticulation around the border, flowlines around the periphery, some letters in the legend a bit soft, especially those in the words OF AMERICA. A border break over and before the letters STA in STATES is discernible with patience, single die flaw still evident from the right base of the letter C in AMERICA to the leaf below. 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-1: More than 1,500 coins in all grades. Strike: The advanced die state explains the softness of detail here and there around the peripheries on both sides, as well as the lack of denticulation on the reverse, although the impression on that side is well centered. Obverse impression drawn to 3 o'clock with no denticulation along the right border, denticulation present from 6:30 to 12 o'clock. The top of Liberty's portrait and some of the leaves in the wreath on the reverse are a bit soft, as are the words LIBERTY and AMERICA, but other features are appreciably sharper, and the overall design is suitably bold for the die state. Surfaces: Frosty surfaces display mottled steel and olive-brown patina that is more extensive on the obverse. Plenty of golden-brown toning is also noted, representing even mellowing of original color. There are also flashes of pinkish-rose remaining in the protected areas along Liberty's profile and around a few of the letters and leaves over the upper left reverse. Faint flyspecks are easily overlooked. A concentration of wispy marks on the reverse at the left ribbon end and the letter U in UNITED are useful for provenance purposes, although a loupe is needed to see them. Commentary: As with its Sheldon-272 Small 7 counterpart, the obverse of the 1807/6 S-273 Large 7 variety was prepared several years before it was actually used in coinage. The style of the digit 1 has led Breen to speculate that this die was originally prepared in 1805, albeit with the final digit omitted. It was completed as an 1806-dated die for use (beginning in) that year, but was not employed before the Mint's cent press was disabled, resulting in suspension of cent production from April 1806 until January of the following year. Sometime during or after the first quarter of 1807 this die was overdated and finally put to use. The ESM specimen is a delightful and conditionally rare example of the 1807/6 Large 7, Pointed 1 Guide Bookvariety, which is composed solely of the S-273 die pairing. Tied for CC#3 in the Bland census with an EAC grade of MS-61, the 2015 Noyes census says AU55(MS60) Average and tied for CC#10/11. Provenance: From the ESM Collection. Earlier ex Federal Coin Exchange's ANA Sale of August 1957, lot 125; Gene Reale; Sotheby's sale of the Gene Reale Collection, January 1998, lot 43; Anthony Terranova and Chris Victor-McCawley; John B. MacDonald, August 1999; Wes Rasmussen; Heritage's sale of the Wes Rasmussen Collection, January 2005, lot 3332. PCGS Population: 5; 6 finer in this category (MS-66 BN finest). PCGS# 1528. Click here for certification details from PCGS.