250 / 280
248
298
1803 S-265 R4 Large Date & Fraction PCGS Genuine, AU Details, Altered Sur-
faces.
Rather frosty very dark steel and olive brown. Lightly cleaned and retoned,
which accounts for the “Altered Surf ” assessment by PCGS. The planchet is mostly
smooth and there is no verdigris, but a glass reveals traces of microscopic rough-
ness on both sides. Just a few small marks, including a collection of tiny nicks in
the field behind the head, a minor planchet lamination near the dentils under the
lowest curl, and a trio of dull pinpricks under the E in UNITED. Sharply struck
M-LDS, Breen state VI, with several die cracks on each side but before bulges
weaken STATE. This is the plate coin for the variety in the Breen encyclopedia (the
provenance listed under the encyclopedia photos is incorrect), and the reverse
is plated in the 1991 Noyes reference. Graded EF45 net VF30 and tied for CC#4
in the Noyes census, his photo #23358. Bland says VF30 and tied for CC#4.
Our
grade is EF40 sharpness net VF30
. A sharp and reasonably attractive example of
the Large Date and Fraction variety. The attribution and Reynolds provenance are
noted on the PCGS Secure label
(PCGS # 36413)
Estimated Value........................................................................................... $5,000-UP
Ex Dr. Conway A. Bolt, Stack’s 4/1966:120-Dr. Nat D. Wilson, 1967 ANS Sale,
Paramount International Coin Corp, lot 297-Del Bland-Garry Fitzgerald-C. Douglas
Smith 11/18/1973-Chuck Furjanic-Jack H. Beymer 9/30/1978-C. Douglas Smith-Dr.
Robert A. Schuman, McCawley & Grellman Auctions/Superior 9/5/2004:576.