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EYNOLDS

OLLECTION

ART

EXTREMELY RARE EARLY STATE S-184

Lot 189

1798 S-184 R1 Style II Hair, Small 8 PCGS graded MS62 Brown.

Frosty chocolate brown and steel.

Sharply struck and void of any trace of spots, stains, or verdigris. The best identifying marks are a shallow

diagonal planchet flake between the leaves over the N in ONE and another on the left side of the O in OF

(both as struck). Extremely rare EDS, Breen state I, before the tiny die chips (lumps on the coin) normally

seen at RT in LIBERTY or at the 7 in the date. In addition there is a clear double profile on the chin and faint

doubling on the end of the nose (from die bounce). Graded AU55 and tied for CC#4 in the Bland census.

Noyes says MS60 net AU50 (reason for deduction unknown) and tied for CC#3, his photo #31408.

Our

grade is MS60

. The attribution and Reynolds provenance are noted on the PCGS Secure label.

Pop 2; none

finer at PCGS for the variety

Estimated Value ..............................................................................................................................................$8,000-UP

Ex 1964 ANA Sale, lot 70-unknown-Stuart Levine 4/1992.

Lot 190

1798 S-184 R1 Style II Hair, Small 8 PCGS graded AU58.

Frosty medium chocolate and light olive

brown with hints of lighter steel brown faded down from mint color in protected areas around the portrait.

Essentially flawless with only very light friction on the highpoints. A faint diagonal hairline in the field over

the hair ribbon and a tiny tick on the left foot of the T in CENT are good identifying marks but they are

difficult to see even with a glass. E-MDS, Breen state II, with several tiny lumps over the left top of the

7. Graded EF45 and tied for CC#7 in the Noyes census, his photo #20240.

Our grade is AU50

. The

attribution and Naftzger-Reynolds provenance are noted on the PCGS Secure label.

Pop 3; 2 finer in 62 at

PCGS for the variety

Estimated Value .............................................................................................................................................. $4,000-UP

Ex Denis Loring-R. E. Naftzger, Jr.-Herman Halpern, Stack’s 3/16/1988:167-R. E. Naftzger, Jr., 1990 EAC Sale, lot 48 (Halpern

lot ticket and Naftzger collection envelope included).