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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP-苏富比2016年2月纽约波格集藏III

Lot:3016 1793 Flowing Hair Cent. Sheldon-11a. Rarity-4+. Wreath. Vine and Bars Edge. Mint State-66 BN (PCGS).

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USD 350000

SBP-苏富比2016年2月纽约波格集藏III

2016-02-10 08:00:00

2016-02-10 18:00:00

USD 217375

SBP

成交

“An MS-70 example turned up in that Brand hoard remnant which has played so prominent a part in the recent history of the 1793s, and this coin is apparently one of the two finest Wreath cents known (along with the Hall-Beckwith 7-F). 
— Dr. William Sheldon, Penny Whimsy, 1958 A superb and even shade of light to medium brown, enriched with superb cartwheel luster and some reflective fabric, defines the surfaces of this magnificent gem. The very early die state gives this coin crisp detail, with fine delineation of Liberty’s graceful portrait, her wild tresses, and other design elements. Both sides are aligned trivially to the right, with a complete border of beads that barely touches the rim at the right side but shows room outside of it on the left. The bold strike has raised central designs into high relief, though the perimeters inside the beaded border still show some planchet texture on both sides. Hints of gloss and iridescent color suggest ancient lacquer harmlessly persists on both obverse and reverse, though the cartwheel luster continues to bloom naturally through it. The surfaces are pristine, free of even trivial contact marks. A single tiny discoloration is visible at the base of T in LIBERTY. Many of the vestiges of the die finishing process are visible in this early die state, including fragile graver lines along Liberty’s hairline and repunching at the base of F in OF. A light bulge, representing a depression on the die face, is barely visible above N of CENT at the absolute central reverse. The delicate fraction bar, which disappears in later die states, is nice and bold here. The Sheldon-11b and Sheldon-11c cents all show more advanced die states than even the latest Sheldon-11a. The Sheldon-11 die marriage was coined with three different edges, thus spawning three different varieties. This coin is not only the finest known Sheldon-11a, the rarest of the three edge varieties, but the finest known of all survivors from this die marriage. The vine and bars edge device used on Sheldon-11a saw its last appearance on this variety, after being used on all Chain cents and all previous Wreath cents. The edges of the Sheldon-11b and 11c edge varieties were lettered ONE HUNDRED FOR A DOLLAR, a device that would survive until the weight of cents was reduced to 168 grains in 1795. Bill Eckberg’s research, published in the September 2010 issue of Penny Wise, has identified the likely production date of the Sheldon-11a cents as June 28, 1793. The lettered edge Sheldon-11s were likely struck on June 29 and July 1. Only careful documentation, good statistical analysis, and logic can accurately produce such precision; fortunately, all three are present in the Eckberg article. Dr. William Sheldon, the creator of the 70-point grading system, graded this coin a perfect MS-70 and believed its only rival among all 1793 Wreath cents was the Atwater Coin, the Sheldon-5 that has been graded MS-68 RD by PCGS since 1992. While he did not know about the Sheldon-9 offered in the previous lot when he wrote his assessment of this coin in his 1958 classic Penny Whimsy, Dr. Sheldon had seen and studied other claimants to the throne, like the Crosby-Pearl-Koshkarian-Jung Sheldon-9 that has been graded MS-66+ BN by PCGS and the Beckwith-French Sheldon-10 in the ANS. Further, when Dr. Sheldon called this coin “one of the two finest Wreath cents known,” he owned the Bement-French-Jung Sheldon-6 (now graded MS-66 RB by PCGS), and he had almost certainly seen the Ernest Henderson Sheldon-9 that has been graded MS-69 BN by PCGS. The Henderson coin was acquired by Sheldon’s closest friend, Dorothy Paschal, within months of the book’s publication, and Dr. Sheldon himself bought it from “Dr. Dorothy” the next year.  This finest known Sheldon-11a is far finer than the best survivors of Sheldon-11b and Sheldon-11c. The best of the Sheldon-11b coins, struck with an edge die that displays two sprays of leaves after DOLLAR, has been graded MS-62 BN by PCGS in recent months. The best Sheldon-11c, showing one leaf cluster after DOLLAR on the edge, has been graded MS-64 BN by PCGS, last selling in 2009. In March 2003, this coin became the only Mint State Sheldon-11a owned by collectors. The second finest known specimen was among the cents that had gone missing from the collection of the American Numismatic Society around the 1950s, entering the collection of Dr. William Sheldon after leaving the museum’s trays. The George H. Clapp-ANS-Sheldon specimen of this variety appeared in an estate collection in early 2003 and was offered as a consignment to our predecessor firm, American Numismatic Rarities. Recognized by members of the staff, the American Numismatic Society was contacted to begin the process of the cent’s return. Eric P. Newman acted as the Society’s agent in negotiating an exchange, conceived as a special consideration in recognition of its former caretaker’s ignorance of its questioned status and cheerful willingness to return the coin to the Society. American Numismatic Rarities sold the fourth finest known Sheldon-11a, formerly the property of Dr. George P. French, Dr. William H. Sheldon, and the ANS, in their sale of July 2003. The return of the Clapp coin to its home at the ANS left the D. Brent Pogue Sheldon-11a as far and away the finest specimen from these dies in private hands. PCGS# 35465. NGC ID: 223H.

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