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208

246

1801 S-221 R2 Corrected Denominator 100 over 000. PCGS

graded EF-45.

CAC APPROVED

. Frosty steel brown and choco-

late with darker steel brown toning on the highpoints and lighter

tan and steel brown in protected areas. No roughness or verdigris.

Looks free of marks to the unaided eye, but a glass reveals numer-

ous tiny ticks or pinpricks on both sides. None of these marks is

significant but there are too many to ignore. The best identifying

mark is a fine pin scratch from the E in UNITED to the leaf left

of the bottom of the C in CENT. Rare LDS, Breen state VI, with a

cud break at STA involving the entire top of that T. The Corrected

Denominator feature is clear.

Our grade is VF35 net VF25;

possibly the finest known of the terminal die state. The attribu-

tion, 100/000 error, and Reynolds provenance are all noted on the

PCGS Secure label.

Pop 1; 4 finer at PCGS for the variety, 3 in

AU55 and 1 in AU58 (PCGS # 36284)

Estimated Value.............................................................. $2,500-UP

Ex an unrecorded source at the Milwaukee show 4/2013.