1807 Draped Bust Cent. S-276. Rarity-1. Large Fraction. MS-64 RB (PCGS).<strong>Type: </strong>Draped Bust.<p><strong>Design:</strong> Obv: A draped bust of Liberty faces right with the word LIBERTY above and the date 1807 below. Libertys 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.<p><strong>Weight Standard:</strong> 10.89 grams.<p><strong>Diameter:</strong> 29 mm.<p><strong>Die Variety:</strong> Sheldon-276, Breen-6. Obv: Perfect Date, the letters ER in LIBERTY close to the hair, the E markedly lower than the B at its base. S-276 represents the only use of this obverse die. Rev: Large Fraction, which is diagnostic for a reverse die paired with an 1807-dated obverse. This reverse die also appears in the S-275 pairing.<p><p>Along with S-275, S-276 corresponds to the Large Fraction <em>Guide Book</em> variety of the 1807 Draped Bust cent.<p><strong>Die State:</strong> Noyes C/A, Breen II. Obv: Die crumble within the denticles along the upper border, specifically over the letters L, IB, E and RT in LIBERTY. Rev: lightly clashed within the left, right and lower right portions of the wreath.<p><strong>Edge:</strong> Plain.<p><strong>Mintage:</strong> The <em>Guide Book</em> provides a mintage for this issue of 829,221 coins, which represents three quarterly deliveries of cents during calendar year 1807, plus the first quarters delivery during calendar year 1808, as follows:<p>-First quarter 1807 = 264,000 coins<p>-Second quarter 1807 = 225,221 coins<p>-Fourth quarter 1807 = 238,000 coins<p>-First quarter 1808 = 102,000 coins<p>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.<p><strong>Estimated Surviving Population for the Die Variety:</strong> Rarity-1: More than 1,500 coins in all grades.<p><strong>Strike:</strong> This is an overall sharply struck example with most major design elements fully defined and just a touch of softness to a few of the leaves in the wreath below the letters ITED in UNITED. Typical of the die pairing, the centering is not perfect. The obverse is drawn to 5 oclock with scant denticulation at the lower right border, but the border is broad at the upper left to allow ready attribution of the die state. Reverse impression drawn trivially to 12:30 with faint denticulation along the upper border. Also typical of the die variety, the reverse is rotated from normal coin alignment, in this case approximately 30 degrees counterclockwise.<p><strong>Surfaces:</strong> This is an exceptional Draped Bust cent irrespective of date or die pairing. Both sides are carefully preserved with a hard, tight, virtually pristine appearance. The texture is smooth and combines satin and softly frosted qualities. Mottled olive and gray-brown patina leaves plenty of original warm medium orange color on both sides. Provenance markers are few, and one will need a loupe to discern a few tiny nicks on Libertys cheek and neck, equally trivial marks in the lower left field behind the curl.<p><strong>Commentary:</strong> The Breen large cent encyclopedia describes Sheldon-276 as "arguably [the] commonest of all Draped Bust cents." Indeed, a number of Mint State coins occupy the highest rankings in the Condition Census. The present example, a solid Uncirculated coin with considerable mint red color, seems to have escaped the notice of both Bland and Noyes, although it is clearly among the finest obtainable for both the S-276 dies and the 1807 Large Fraction <em>Guide Book</em> variety. A beautiful coin that is sure to find its way into another world class large cent cabinet.PCGS# 36452. NGC ID: 224M.PCGS Population (both die marriages of the Large Fraction variety): 1; 1 finer in this category (MS-65 RB).From the ESM Collection.
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