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189

Beautiful Red & Brown S-203

224

1800 S-203 R3. PCGS graded MS-63 Red & Brown.

CAC APPROVED

. Lus-

trous mint red fading to golden tan and light steel brown with 10% of the faded

mint color remaining, mostly on the obverse. There are a few small spots of

darker steel brown toning on the obverse, mostly in the field before the portrait.

The only spots visible to the unaided eye are a tiny one off the tip of the bust and

another near the rim before the chin. The obverse fields also show numerous

microscopic contact marks, none visible without the aid of a strong glass. The

best identifying mark is a tiny planchet flake on the shoulder (as struck). The

reverse is essentially flawless. MDS, Breen state III, showing die clashmarks on

both sides. This cent is plated in the 1991 Noyes reference to illustrate the die

variety. Graded MS63 Choice and CC#1 in the Noyes census with the only other

mint state example being impounded in the ANS, his photo #21412. Bland says

MS61 and CC#1.

Our grade is MS62+

. The attribution and Naftzger-Reynolds

provenance are noted on the PCGS Secure label.

Pop 1; none finer at PCGS for

the variety. The only example graded Red & Brown at PCGS (PCGS # 36198)

Estimated Value.................................................................................... $20,000-UP

Ex Francis H. Lee circa 1913-Essex Institute, Stack’s 2/6/1975:147-R. E. Naftzger,

Jr., 2/23/1992-Eric Streiner 12/1993 (includes the Stack’s lot envelope, which also

served as the Naftzger collection envelope).