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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 3832

Starting price: 1 USD
Price realized: 24 000 USD
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Colonials
1785 VERMNT Vermont Copper, Immune Columbia, RR-1, Bressett 26-Z, W-2250, Low R.6, VG8 PCGS. CAC. This Machin's Mills issue is always found on planchets that were slightly smaller than the dies, so that the legends are always incomplete. Although Bowers calls them "illogical mulings" in the Whitman Colonial Encyclopedia, it is known that Reuben Harmon of the Rupert Mint and Thomas Machin of Machin's Mills were acquainted, and in 1787 they entered into a partnership involving a number of coiners throughout the region. Many students of the series believe that this variety was struck later than the date indicates, and that these were likely official Vermont issues struck after the partnership was formed.
Both sides exhibit a smooth, hard planchet with lovely golden-tan, olive, and magenta toning. A few scattered marks are inconsequential. This coin was struck on an undersized planchet as always. However, all of the inscriptions are complete, with the tops of the date visible. In fact, more of the date is visible on this example than on most others. Despite the flatness of the central design motifs, the surfaces are choice.
We believe that nearly 30 of these pieces exist per our Low R.6 rarity rating. The Whitman Colonial Encyclopedia rates this issue as URS-6, meaning 17 to 32 examples survive, and PCGS Coin Facts suggests 30 to 40 pieces are known. This piece is the second finest of just six examples that PCGS has certified. Listed on pages 57 and 74 of the 2018 Guide Book. Population: 1 in 8, 1 finer. CAC: 2 in 8, 1 finer (6/17).
From The Don Willis Collection of US Colonial Coinage

HID02901242017
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