1787 New Jersey Copper. Maris 55-m, W-5305. Rarity-4. U over S. VF-25 (PCGS). 140.2 grains. 27.0 mm. From our March 2017 sale of the Dr. Gordon Shaw Collection, where it was described as follows:<p><p>"A rather pleasing example of this very scarce naked eye corrected legend error that is an important <em>Red Book</em> listed type. Smooth and glossy, chocolate brown surfaces are the rule, with some minor buildup in the legends showing this coins age. Two short old scratches below the horse head and a single one extending diagonally upward from the horses snout will serve to hallmark this specimen. Much more prominent is the die combination "55/m" inked in the right obverse field, and the original Maris rarity rating "2" is inked below the plow handles. The style of this Painted Die Variety matches those found on coins owned by William Wallace Hays, whose collection was sold en bloc to Thomas Hall via an October 1903 Fixed Price List of A Cheap Collection of U.S. Coins for sale by Charles Steigerwalt. Steigerwalts asking price for the 102 piece collection? $125! Here is a New Jersey copper that is at once handsome, and most probably pedigreed to one of the early collectors of New Jersey coppers by die variety."<p><p>The centering is perfect on the reverse and aligned rightward on the obverse, with denticles bold at the left side. The U over S characteristic is easily seen with the naked eye. The date is mostly present. The die variety painting is undisturbed and intact. Overall, this is a very attractive and collectible example with a lot to offer. The SHI Census includes a single AU, four EF coins, and three specimens graded VF+, leaving this not far from the lower tier of the Condition Census. PCGS# 763315. From the Sydney F. Martin Collection. Earlier possibly ex William Wallace Hays and Thomas Hall Collections, based on the style of the Painted Die Variety; Kurt Kruegers June 1983 G.S.N.A. Auction, lot 1082; our sale of the Dr. Gordon Shaw Collection, March 2017 Baltimore Auction, lot 325.
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