79 / 280
77
Choice S-90 Rarity
67
1796 S-90 R5+ Liberty Cap. PCGS graded MS-62 Brown.
Upset Reverse. Very at-
tractive frosty medium chocolate brown with slightly darker steel brown toning on the
highpoints. Traces of lighter reddish steel brown toning faded down from mint color
can be found in protected areas on the reverse. Another really beautiful Liberty cap
cent. The only defects are a faint hairline scratch along the top of the T in CENT and
some of those microscopic planchet chips that didn’t smooth out during the strike.
The chips are mostly along the dentil tips under the date, at the top of the cap, and
around the bottom of the reverse (which is opposite the date thanks to the dies being
in medal rather than coin orientation). EDS, Breen state I. Both dies are perfect with
smooth surfaces and no clashmarks. Graded AU55 and tied for CC#1 in the Noyes
census, his photo #37698. Bland says AU55 and tied for CC#3.
Our grade is AU55
Choice
. The attribution and Naftzger-Reynolds provenance are noted on the PCGS
Secure label.
Pop 1; 1 finer in MS63 at PCGS for the variety
(PCGS # 35777)
Estimated Value ............................................................................................. $40,000-UP
Ex Hollinbeck Stamp & Coin Co., 1949-Homer K. Downing, 1952 ANA Sale (New Neth-
erlands Coin Co. #38), lot 1726-Abe Kosoff-R. E. Naftzger, Jr., New Netherlands Coin Co.
11/14 1973:409-Andrew M. Hain 10/29/1974 (via Lester Merkin)-Charles E. Harrison-
David Lovins-Jim McGuigan 1/1999.