1804 1C, BN MS (PCGS# 1504)

2011 September Long Beach Signature US Coin Auction #1159

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3020
  • Grade:
    XF40
  • Price:
    $21,850.00
Lot Description
1804 1C XF40 PCGS. S-266c, B-1, R.2. MRB VF35. Breen Die State IV with obverse and reverse rim breaks. Beginning with a key low-mintage issue and adding three distinctly different die states, the 1804 large cents enjoy greater demand than any other single variety among all early cent issues. The three die states are labeled as S-266a with perfect dies, S-266b with an obverse rim break and perfect reverse, and S-266c with obverse and reverse rim breaks as on the Boka specimen. Glossy olive and tan surfaces show trivial scattered marks on each side. Tiny ebony spots at 3:30 and 8:30 on the obverse rim suggest something may have held this piece in place in some type of display. Minor rim disturbances are visible on the reverse. Overall, this late-state 1804 cent is an attractive specimen and finer than the usual example. Noyes grades this piece VF30 with average surfaces and tied for 13th finest. Earlier, in the 1990 EAC sale, he graded it VF35 and wrote: "Choice medium brown with golden tan in devices -- superb surfaces ..." Oscar J. Pearl, a resident of New York, formed an impressive collection of large cents that was offered in a 1944 fixed price list issued by Numismatic Gallery, the partnership of Abe Kosoff and Abner Kreisberg. That price list included reprints of Crosby's study on 1793 cents and Chapman's work on 1794 cents. Other items from the Pearl Collection were offered in a 1979 Bowers and Ruddy sale, and he remained an active collector of European coins into the 1980s. Ex: Oscar Pearl; Numismatic Gallery (1944 FPL), lot 198; Herbert Melnick (7/1983), lot 966; Sol Varon; Mid American (1/1990), lot 54; Chris Victor-McCawley; 1990 EAC Sale, lot 72; Jeff Gresser; Jon Alan Boka. From The Al Boka Copperheads Collection.
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