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1802 S-234 R3. PCGS graded AU-58+.
CAC APPROVED
.
Frosty chocolate brown with darker steel toning on the high-
points and lots of reddish tan faded down from mint color in
the protected areas on both sides. Looks choice mint state to
the unaided eye but a glass reveals an area of extremely fine
roughness at UNITE extending through the wreath into the
area under the C in CENT. Otherwise the only defects are a
few minor nicks, none notable, and an inconspicuous spot of
reddish-brown planchet slag just right of the foot of the Y in
LIBERTY. MDS, Breen state IV late, with a rim cud break over
the B in LIBERTY that reaches down inside the dentils nearly
touching the B (the first drip in the “Dripping Paint” die state).
Graded AU55 net VF35 and tied for CC#8 in the Noyes census,
his photo #39032. Bland says AU55 net EF45 and tied for CC#6.
Our grade is AU55 sharpness net EF45.
The attribution and
Naftzger-Reynolds provenance are noted on the PCGS Secure
label.
Pop 1; 1 finer in MS64 at PCGS for the variety (PCGS #
36311)
Estimated Value............................................................ $6,000-UP
Ex George C. Carlton, Thomas L. Elder 12/1917:710-unknown-
Dr. William H. Sheldon-ANS-transferred from the ANS to R. E.
Naftzger, Jr. 1/26/2001 as part of the settlement for cents switched
out by Dr. Sheldon (via Bill Noyes 8/2001).