1794 NC-1 R7+ NGC graded G4. Rather glossy dark olive brown and steel. The planchet is covered with light corrosion on all but the highpoints. No verdigris and the only marks are two small chips or pits at RT in LIBERTY. The date is not strong but it is easily readable. The legends are reasonably clear except for weakness from ED in UNITED to the leaves under ER in AMERICA thanks to a dull wave in the die. This die apparently suffered a catastrophic failure very early, and all four of the known examples show either a wave or significant crack across the reverse. MDS, Breen state II. This is the plate coin in the Breen encyclopedia for his state I, but it is state II. Graded VG7 net AG3 by Noyes and tied for CC#2 among the 4 examples known, his photo #21713. Bland says net AG3 and tied for CC#2 as well. Our grade is net AG3. All 4 of the known examples have significant surfaces problems and are "scudzy" by EAC standards, so holding out for a nice one may not be a successful strategy. Comes with an impressive provenance. The attribution and Mervis provenance are noted on the NGC label. The only example of the variety given a grade by either service. <DOTLEADER> Estimated Value $8,000 - UP <I><BR>Ex Virgil M. Brand-Carl Wurtzbach-an eastern collection-B. G. Johnson (St. Louis Stamp & Coin Co.) 1948-Charles M. Williams (privately)-Homer K. Downing (privately)-Dr. William H. Sheldon 4/19/1972-R. E. Naftzger, Jr. 2/23/1992-Eric Streiner 3/20/1992-R. S. Brown, Jr., Superior 1/27/1996:51-J. R. Frankenfield, McCawley & Grellman Auctions/Superior 2/17/2001:231-W. M. "Jack" Wadlington 6/2005-Bob Grellman & Chris McCawley-Daniel W. Trollan 6/12/2012-Greg Hannigan-Adam Mervis, Heritage Auctions 1/10/2014:2462-Dr. Mark Cadden Collection.</I>
