1796 1C Draped, Reverse of 1797, BN MS (PCGS# 1407)

Wes Rasmussen U.S. Large Cents

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3136
  • Grade:
    EF40
  • Price:
    $9,775.00
Lot Description
1796 1C Draped Bust, Reverse of 1797 XF40 NGC. Fine 15 EAC. S-118, Die State I, High R.5. This variety was first publicized by George Clapp in the January 1934 issue of The Numismatist. In his article "New Varieties of 1796 Cents," Clapp described four different varieties of these cents, including Sheldon NC3, NC4, NC5, and S118 (this variety). He is not necessarily credited with discovery of these varieties; however, he was the first to publish descriptions. He correctly noted that the berry under the upright of D of UNITED is an instant identifier for the S-118 variety, as this berry position does not occur on any other Draped Bust large cent variety throughout the entire series from 1796 to 1807. This example is solidly within the Condition Census, being ranked as fifth finest known. This cent has splendid surfaces for the grade, far finer than the typical 1796 large cent encountered. Each side has medium brown mingled with slightly lighter tan, some pale orange on the reverse suggesting this may have been cleaned and recolored at some point in the past. The obverse has a thin line of lamination from the top of Liberty's head to the border just past 3 o'clock. This was called a scratch in the Robinson Brown sale, but we disagree with those findings. Ex: Robert F. Batchelder (6/60); C. Douglas Smith (1970); Denis W. Loring; Robinson S. Brown, Jr. (Superior, 9/86), lot 162.
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