Heritage World Coin Auctions
Long Beach Signature US Coin Sale 1259 7-8 Sep 2017
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Large Cents
1795 1C Reeded Edge, S-79, B-9, Low R.7, PCGS Genuine. Our EAC grade: sharpness of VG7, net Good 4. The PCGS number ending in .97 suggests Environmental Damage as the reason, or perhaps one of the reasons, that PCGS deemed this coin not gradable. There are 10 known 1795 Reeded Edge cents, and this offering is only the 34th auction appearance of any known example since the variety was first described in 1862.
This example is a recent discovery that was first seen in the numismatic world just seven years ago. In fact, four of the 10 examples known have made their debut in the last two decades. The surfaces are lightly corroded, accounting for the net grade of this piece that exhibits intermingled steel, olive, and tan on each side. The major obverse and reverse design elements are clearly visible, and the date and lettering are intact. Much of the edge reeding is clearly visible on this piece.
All we know about the 1795 Reeded Edge cents is told by the coins themselves, and they are saying little. Only two of the 10 known examples have recorded weights, at 169.4 grains and 153.4 grains. Those weights tell us that the Reeded Edge cents were coined at the new thin-planchet weight standard of 168 grains. Documentary evidence indicates that the first thin-planchet coins were struck on December 27, 1795, and most were minted in 1796.
The obverse die was used exclusively for the S-79 cent. However, the reverse was used later for six different 1796 Draped Bust varieties, S-106 through S-111. Although the low grade of all known examples precludes a specific die state determination, both dies appear to be perfect. The continued use of the reverse die in 1796 proves beyond doubt that the 1795 Reeded Edge cent is a genuine Philadelphia Mint product.
Discovered by John Baker in a group of unattributed coins given to him by his father years ago; Greg Hannigan; Goldberg Coins (9/2010), lot 796.
From The Padula Family Foundation Collection.
HID02901242017
1795 1C Reeded Edge, S-79, B-9, Low R.7, PCGS Genuine. Our EAC grade: sharpness of VG7, net Good 4. The PCGS number ending in .97 suggests Environmental Damage as the reason, or perhaps one of the reasons, that PCGS deemed this coin not gradable. There are 10 known 1795 Reeded Edge cents, and this offering is only the 34th auction appearance of any known example since the variety was first described in 1862.
This example is a recent discovery that was first seen in the numismatic world just seven years ago. In fact, four of the 10 examples known have made their debut in the last two decades. The surfaces are lightly corroded, accounting for the net grade of this piece that exhibits intermingled steel, olive, and tan on each side. The major obverse and reverse design elements are clearly visible, and the date and lettering are intact. Much of the edge reeding is clearly visible on this piece.
All we know about the 1795 Reeded Edge cents is told by the coins themselves, and they are saying little. Only two of the 10 known examples have recorded weights, at 169.4 grains and 153.4 grains. Those weights tell us that the Reeded Edge cents were coined at the new thin-planchet weight standard of 168 grains. Documentary evidence indicates that the first thin-planchet coins were struck on December 27, 1795, and most were minted in 1796.
The obverse die was used exclusively for the S-79 cent. However, the reverse was used later for six different 1796 Draped Bust varieties, S-106 through S-111. Although the low grade of all known examples precludes a specific die state determination, both dies appear to be perfect. The continued use of the reverse die in 1796 proves beyond doubt that the 1795 Reeded Edge cent is a genuine Philadelphia Mint product.
Discovered by John Baker in a group of unattributed coins given to him by his father years ago; Greg Hannigan; Goldberg Coins (9/2010), lot 796.
From The Padula Family Foundation Collection.
HID02901242017