201 / 280
199
Finest Terminal State 1800 NC-4
235
1800 NC-4 R7-. PCGS graded Good-6.
The devices are slightly glossy chocolate brown
with darker steel brown and olive toning covering the fields and protected areas. The
highpoints are smooth but the fields and protected areas show uniform microscopic
roughness. No verdigris or marks and the eye appeal is decent in spite of the imperfect
surfaces. The date is easily readable even though it is very tight to the edge of the planchet
and the legends are mostly clear except for ED-ST, which are opposite the huge cud break
on the left side of the obverse. LDS, Breen state III, with a spectacular cud break filling
nearly half of the space behind the portrait. This is the largest cud break in the entire se-
ries of early date cents, 1793-1814. Only two examples of the terminal die state are known
to us, and this is the finer of the two. The obverse is plated in the 1991 Noyes reference to
illustrate the terminal die state. Graded G6 and CC#3 of 10 known to Noyes but finest of
the terminal die state, his photo #21628. Bland says G6 and CC#3 for the variety, finest of
the die state.
Our grade is G6 sharpness net G5
. The attribution and Naftzger-Reynolds
provenance are noted on the PCGS Secure label.
Pop 1; none finer at PCGS for the vari-
ety
(PCGS # 36230)
Estimated Value....................................................................................................... $8,000-UP
Ex Ralph Pfau (Pace Coin & Stamp Co.)-Tony Terranova 11/23/1977-Jack H. Beymer
11/23/1977-R. E. Naftzger, Jr., 2/23/1992-Eric Streiner 3/1992-Denis Loring 8/24/1992-R.
S. Brown, Jr., Superior 1/27/1996:291 (includes the Naftzger and Brown collection envelopes
and the Superior lot ticket).