93 / 280
91
Finest S-110 With Cud
84
1796 S-110 R3 Draped Bust, Reverse of 1794. PCGS graded
MS-62 Brown.
CAC APPROVED
.
Choice glossy medium choco-
late brown with darker steel brown
toning on the highpoints and
slightly lighter frosty steel brown toning in the protected areas. This
cent offers great eye appeal and shows only minor marks. The no-
table ones are a thin diagonal nick on the cheek, a fine scratch (pos-
sibly pre-striking) right of the second A in AMERICA, and a shallow
spot of dark reddish planchet impurity on the base of the E in ONE.
LDS, Breen state VIII, with a strong cud break at TY in LIBERTY in
addition to myriad die cracks elsewhere on the obverse. This beauti-
ful cent is the plate coin for the late die state in Dr. Sheldon’s Early
American Cents and Penny Whimsy, and it is also plated in the 1991
Noyes reference for the same reason. Graded AU55 and CC#2 in the
Noyes census behind only the Holmes example we sold as lot #185
in our 9/6/2009 sale (where it brought $178,250), his photo #20960.
Bland says AU55 and CC#3 in the Breen/Bland census.
Our grade is
AU55.
The attribution and Naftzger-Reynolds provenance are noted
on the PCGS Secure label.
Pop 1; none finer at PCGS for the variety
(PCGS # 35801)
Estimated Value .................................................................$25,000-UP
Ex H. O. Granberg-William H. Woodin-The United States Coin Co.
5/1915:186-Henry C. Hines-Homer K. Downing 1950-T. James Clarke
10/1954-R. E. Naftzger, Jr., 2/23/1992-Eric Streiner 9/2002 (Naftzger
collection envelope included, but it shows the wrong provenance in
Naftzger’s handwriting).