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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP-苏富比2017年3月波格集藏V

Lot:5102 1795 Liberty Cap Cent. Sheldon-76b. Plain Edge. Rarity-1. Mint State-65 BN (PCGS).

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USD 25000 - 40000

SBP-苏富比2017年3月波格集藏V

2017-04-01 07:30:00

2017-04-01 12:30:00

USD 51700

SBP

成交

Resolved, That the President of the United Sates be authorized to reduce the weight of the copper coin at his discretion, provided such reduction shall not exceed two pennyweights in each cent, and in proportion in each half cent, of which he shall give notice, by proclamation, and report the same to the next session of Congress. - Elias Boudinot, Report to the House of Representatives, February 9, 1795Frosty chocolate brown, more golden on the reverse than obverse, pairs with impressive cartwheel luster to create superb aesthetic appeal. A halo of mint color outlines the top of Libertys head and her cap, and within the golden areas of the reverse are seen shades evoking mint color that mellowed more recently on that side than on the obverse. A lightly applied glossy sheen masks some of the natural luster on the obverse, but the superb luster remains more evident on the reverse. The devices are bold on both sides, showing a wealth of fine detail, though the truncation of Libertys bust is somewhat soft and retains some prestriking planchet marks. Opposite the high relief of Libertys bust, a related soft spot is noted below O of OF on the reverse. A few tiny marks near the bases of 17 in the date, and two larger marks on Libertys forehead, likewise predate striking but were not fully obliterated. These areas of softness reflect the difficulty of the transition from thick 208 grain planchets to thin 168 grain planchets. The striking and die manufacturing processes were not satisfactorily adjusted to solve these problems for at least five more years.The die state is early for a thin planchet Sheldon-76, showing clash marks around the wreath on the reverse but no cracks or swelling on the obverse. The clash marks are best seen near the wreath ends and left of C in CENT.In February 1795, Elias Boudinot of New Jersey was a much-esteemed congressman. The committee he chaired to "examine and report on the state of the Mint" made its report on February 9, followed by seven recommendations to make the Mint more efficient. Having decided against running for a fourth term, his days in Congress expired on March 4, 1795. Less than a month after his report was delivered, Boudinot headed home to become a private citizen once more, taking all his expertise on the United States Mint with him. David Rittenhouse resigned his position as Director of the Mint in June 1795, and his appointed replacement, Henry William De Saussure, lasted just a few months. When the directorship was once again vacated in October, Boudinot came back, charged with putting many of the fixes he had recommended as a legislator into effect as an executive.One of the first of these was a reduction in the weight of cents, hoping to put the Mint in a profit position on their most numerous productions. While President Washington did not give an official proclamation to reduce the weight of cents from 208 to 168 grains until December 27, 1795, Boudinot likely had most of December to prepare for the change, producing thinner planchets and skipping the time-consuming step of adding an edge device to each of them. Walter Breen suggests this variety, and the other plain edge varieties of 1795, may have been struck into the first few months of 1796; their relative prevalence suggests the accuracy of his guess.Among a fairly high number of Mint State survivors from these dies, this example has commonly been accorded the status of finest known on Condition Census listings by both Del Bland and Bill Noyes. Its century-old provenance enriches its exceptional quality.

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