1793 1C Wreath, Lettered Edge, BN MS(PCGS#1350)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1005

等级

AU58BN

价格

316,785

详细说明

Lovely AU-58 PCGS 1793 Wreath Cent S-11C Lettered Edge, Single Leaf Variety Ex Richard Winsor, 1895 1793 Flowing Hair Cent. Wreath Reverse. S-11C. Rarity-3-. Lettered Edge. AU-58 (PCGS). CAC. Type:Flowing Hair, Wreath Reverse. Design: Obv: A head of Liberty with flowing hair faces right, the word LIBERTY inscribed along the upper border and the date 1793 at the lower border. There is a sprig with three leaves in the field between the date and the base of the portrait. 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: 13.48 grams. Diameter: Approximately 26 to 28 mm. Die Variety: Sheldon-11C, Breen-16c. Obv: The leftmost leaf in the sprig points straight up toward the letter E in LIBERTY, which is the most useful diagnostic of this die since on all other obverses of the 1793 Wreath cent this leaf points to the left. The Sheldon-11 pairing represents the only use of this obverse. Rev: The legend is set well in from the border beads with the denomination 1/100 positioned to the right below the ribbon knot. The Sheldon-11 pairing also represents the only use of this reverse. Along with S-11B, Sheldon-11C corresponds to the Lettered Edge Guide Bookvariety of the 1793 Wreath cent. Die State: Noyes A-B/A, Breen I-II. Obv: An intermediate die state with clash marks from the wreath on the reverse evident only before Liberty's neck and, faintly, below the bust. Rev: Perfect except for a faint clash mark through the left stem, ribbon end, base of the numerator 1 and the fraction bar over the final digit 0 in the denominator. Edge: Lettered ONE HUNDRED FOR A DOLLAR followed by a single leaf. Mintage: The mintage for the 1793 Wreath cent as an issue is widely accepted to be 63,353 coins. The Sheldon-11C variety probably comprised 6,500 to 7,000 of the 11,825 cents that the Mint delivered on July 6, 1793. Estimated Surviving Population for the Die Variety: Rarity-3-: 401 to 500 coins in all grades. Strike: This is an exceptionally well produced early date large cent, the obverse ideally centered within a fully beaded border. Reverse impression drawn trivially to 4 o'clock, although only the beading is affected, which is missing from 3 to 7 o'clock. Both sides are sharply to fully defined over all major design elements with only the expected (for both the type and assigned grade) softness to the high points of Liberty's hair behind the forehead, ear and neck. Surfaces: Beautiful glossy medium autumn-brown surfaces, obviously from natural fading of original mint color. The reverse is smooth and satiny with faded luster in the protected areas around the design elements. The obverse is also satiny in texture and free of significant marks, although the lower left quadrant exhibits natural planchet roughness in the form of light pitting which is hardly distracting. Commentary: Copper for this variety was supplied by Greenleaf & Watson, the planchets apt to show laminations or other natural flaws, as evident on the obverse of the present example. Production of Sheldon-11C was intermingled with that of S-11B (Lettered Edge, Double Leaf). The reason the Mint abandoned the vine and bars edge device in favor of a lettered edge is unknown, especially since its expression ONE HUNDRED FOR A DOLLAR is yet another statement of the denomination, which is already given twice as part of the reverse design of the Wreath cent (ONE CENT and 1/100). This is a superior quality coin for both the type and variety that would do equally well in a high grade type set or advanced large cent cabinet. Del Bland grades this coin EF-45 using EAC standards and ranks it CC#9. The 2006 Noyes reference says XF45(XF45) Average, tied for CC#6/8. Provenance: From the ESM Collection. Earlier ex Richard B. Winsor; S.H. and H. Chapman's sale of the Richard B. Winsor Collection, December 1895, lot 820; S.H. and H. Chapman, privately; unknown intermediaries; Gary Fitzgerald; our (Stack's) session of Auction '84, July 1984, lot 1010; our (Stack's) sale of the Magnificent Herman Halpern Collection of United States Large Cents, March 1988, lot 13; Anthony Terranova. The 2006 edition of the Noyes large cent reference also states that this coin is Hain, 2002:729, which is incorrect. PCGS Population (both varieties of the Lettered Edge variety): 2; 6 finer, 5 of which are Mint State (MS-64 BN finest). PCGS# 1350. NGC ID: 223J. Click here for certification details from PCGS.