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126
Rare Terminal State S-148
131
1798 S-148 R2 Style I Hair, Large 8 PCGS Genuine, XF
Details, Cleaning.
Lightly cleaned and retoned a mostly
glossy medium brown and light chocolate mixed with
small areas of darker chocolate toning on both sides. The
majority of the planchet is smooth but there are areas
of fine roughness, particularly in the field at the eye and
around the date and bust. No verdigris or significant
contact marks. M-LDS, Breen state VI, with a bold cud
break that connects ERTY to the rim above. The edge
is double flanged in some areas, plain in others (Breen’s
edge VII described on page 438 in his large cent ency-
clopedia). Graded VF35 net VF20 and tied for CC#11
for the variety (but tied for finest known with the ANS
coin among those with the large cud), his photo #22976.
Bland says EF45 net VF30 and tied for CC#10.
Our
grade is EF40 net VF25
. Comes with a nice provenance.
The attribution and Reynolds provenance are noted on
the PCGS Secure label
(PCGS # 36023)
Estimated Value ................................................$1,500-UP
Ex Homer K. Downing, 1952 ANA Sale (New Netherlands
Coin Co. #38), lot 1789-C. Douglas Smith-Dr. Robert
A. Schuman, McCawley & Grellman Auctions/Superior
5/25/2003:437 (Superior lot ticket included).
132
1798 S-148 R2 Style I Hair, Large 8. PCGS graded VF-20.
CAC APPROVED
. Rather glossy chocolate brown with darker
olive brown in protected areas and lighter steel brown on the de-
vices. The surfaces appear smooth to the unaided eye but a glass
reveals very fine roughness over all but the highpoints, which
are smooth. No verdigris, only a few light contact marks. A faint
vertical hairline scratch from the bust tip to the field before the
chin and a diagonal nick through the wreath ribbon at the top
of the numerator are the only notable marks. Rare TDS, Breen
state VIII, with a cud break connecting the bust to the rim in
addition to the earlier one at ERTY. A clear die crack that is not
mentioned in the Breen reference reaches from the left end of
the cud at the bust tip through the bust to the bottom of the 8.
A very important piece for the die state specialist. Graded VF25
net VG8 and tied for CC#30 in the Noyes census for the variety
(but tied for CC#2 of those known to him with the final cud
break, and the finest of those is in the ANS), his photo #21044.
Our grade is VF20 sharpness net F12.
Comes with a very nice
provenance. The attribution and Naftzger-Reynolds provenance
are noted on the PCGS Secure label.
Pop 1; 3 finer at PCGS for
the variety, 1 in VF35, 1 in EF40, and 1 in MS63+ (PCGS #
36023)
Estimated Value........................................................... $1,500-UP
Ex B. Max Mehl 4/22/1926:368-David Proskey-Henry C. Hines-
Dr. William H. Sheldon 4/19/1972-R. E. Naftzger, Jr., 1990 EAC
Sale, lot 46 (Naftzger collection envelope included).