1847 Braided Hair Cent. N-38, 16. Rarity-1. MS-65 RD (PCGS). CAC.<strong>Type:</strong> Braided Hair.<p><strong>Design: </strong>Obv: A head of Liberty faces left with 13 stars around the border and the date 1847 below. She is wearing a coronet inscribed LIBERTY, her hair tied into a bun at the back of her head by a beaded cord. Rev: A circular wreath encloses the denomination ONE CENT with the legend UNITED STATES OF AMERICA around the border.<p><strong>Weight Standard:</strong> 10.89 grams.<p><strong>Diameter:</strong> 27.5 mm.<p><strong>Die Variety:</strong> Newcomb-38, 16. Obv: Faint die lines slant down to the left at the base of the letters ER in LIBERTY, and there are a couple of tiny die spurs on the middle hair curl at the back of Libertys head. The 1847 N-38, 16 attribution represents the only use of this obverse die. Rev: A short, sharp die line joins the ribbon to the back of the lowest outside leaf in the left half of the wreath. The 1847 N-38, 16 attribution also represents the only use of this reverse die.<p>Most die marriages of this issue correspond to the normal date <em>Guide Book</em> listing of the 1847 Braided Hair cent.<p><strong>Die State:</strong> Grellman d, Noyes C/B-C. Obv: The die is clashed with the most pronounced clash mark in the form of a rectangular "defect" at the junction of Libertys neck and bust, although other clash marks are evident at the throat, chin and lower lip. Rev: An intermediate Noyes Die State with the aforementioned line at the ribbon-leaf junction still visible, but a crack also evident from within the wreath below the letters ED in UNITED, through the bottom of the final letters S in STATES, to the top left of the letter O in OF. These obverse and reverse die states correspond to the 1847 N-16 attribution.<p><strong>Edge:</strong> Plain.<p><strong>Mintage for the Issue:</strong> 6,183,669 coins.<p><strong>Estimated Surviving Population for the Die Variety:</strong> Rarity-1: More than 1,500 coins in all grades.<p><strong>Strike:</strong> We note an impressive quality of strike on both sides, the borders boldly and uniformly denticulated, the stars with sharp to full radial lines, and all major design elements crisp apart from a touch of softness to a few of the leaves in the wreath.<p><strong>Surfaces:</strong> A simply glorious Gem, both sides retain full, bright mint color in vivid pinkish-rose. Fully lustrous surfaces are frosty and as nice as would be expected for the assigned grade. There are a few wispy carbon flecks in isolated areas, one at the obverse border outside star 2 the most useful for provenance purposes.<p><strong>Commentary:</strong> We (Bowers and Ruddy) first handled this outstanding coin as lot 193 in our Garrett I Sale of November 1979, where it was cataloged as:<p><em>"This piece has </em><em>full mint red color. </em><em>The condition of this coin is virtually equal to the day it was struck. We have never seen the equal to this, and seriously doubt whether an equal specimen exists. A </em><em>fantastic</em><em> coin."</em><p>Those words have stood the test of time for today, this fabulous Gem is far and away the finest known 1847 cent from the Newcomb-38, 16 dies. CC#1 in the Noyes census with a grade of MS-67, although erroneously listed therein as "N-26;" interestingly this coin was also misattributed in our Garrett I Sale, there as "N-17." We are pleased to be able to set the record straight regarding this coins attribution. We anticipate strong competition among bidders who are assembling truly outstanding type collections or specialized large cent cabinets.PCGS# 1879. NGC ID: 226D.PCGS Population (all normal date die marriages of the issue): 2; 0 finer in this category.From the ESM Collection. Earlier from our (Bowers and Ruddys) sale of the Garrett Collection for the Johns Hopkins University, Part I, November 1979, lot 193, where it was incorrectly attributed as N-17.
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