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186

220

1800 S-199 R4. PCGS graded VF-35.

Glossy medium to

dark chocolate brown and steel. Smooth and attractive for the

grade. The only defects are a few tiny contact marks, including

a half dozen small pinpricks around the left wreath stem. M-

LDS, Breen state VIII. There is a diagonal line of dull lumps in

the field before the neck, bold die clashmarks on the reverse,

and a small but strong cud break that connects the F in OF to

the rim. Strong swelling on the left side of the reverse caused

a weak strike on the opposing hair ribbon. A nice example of

a variety that is very difficult to find in high grade, the finest

known being the EF40 impounded in the ANS. Graded VF35

net VF30 and CC#4 in the Noyes census his photo #21939.

Bland says VF25 and tied for CC#4.

Our grade is VF25+

. The

attribution and Naftzger-Reynolds provenance are noted on

the PCGS Secure label.

Pop 2; 1 finer in 40 at PCGS for the

variety

(PCGS # 36185)

Estimated Value ........................................................ $5,000-UP

Ex Rodney T. Grove-Tom Morley-Dr. Philip W. Ralls 5/1983-C.

Douglas Smith-Herman Halpern, Stack’s 3/16/1988:179-R. E.

Naftzger Jr., 1989 EAC Sale, lot 115-Wes Rasmussen, Heritage

1/13/2005:3234 (includes the EAC and Halpern lot tickets plus

the collection envelopes of Naftzger and Rasmussen).

221

1800 S-200 R3. PCGS graded EF-45.

Slightly glossy dark

olive brown and steel with lighter steel brown toning on the

highpoints. No spots, stains, or notable marks. Looks smooth

to the unaided eye, but a glass reveals microscopic roughness

in protected areas on the portrait and inside the wreath. No

verdigris. Nicely struck EDS+, Breen state I late. The bulge at

STA is faint and those letters remain clear. A decent example

in spite of the imperfect surfaces, and the eye appeal is quite

nice. Graded EF40 net VF25 and CC#6 in the Noyes census, his

photo #21187. Bland says VF25 and tied for CC#8.

Our grade

is VF35+ sharpness net VF25+

. The attribution and Naftzger-

Reynolds provenance are noted on the PCGS Secure label.

Pop

1; 1 finer in 55 at PCGS for the variety

(PCGS # 36188)

Estimated Value ............................................................$5,000-UP

Ex James G. Macallister 5/12/1931-Frank Hussey, New Nether-

lands Coin Co. #54, 4/23/1960:1411-R. E. Naftzger, Jr., 1990 EAC

sale, lot 51 (includes the Naftzger collection envelope).