||1797 1C Reverse of 1795, Gripped Edge, S-120b, B-2b, R.2, AU53 NGC. Our EAC Grade VF35. Ex: "Col." E.H.R. Green. The late die state with a descending obverse die crack between 9 and 5 o'clock across the date and lowest curl. Die crumbling is present along the profile and beneath the hair ribbon. The intended purpose of the Gripped Edge is unknown. It is possible that cent planchets arrived from England with the irregular edge markings, instead of their being imparted at the Mint. The present partially lustrous example has smooth olive-brown surfaces aside from minor granularity near the loops of the wreath ribbon. Several faded thin marks are noted near the N in UNITED. Census: 2 in 53, 0 finer (8/14). Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $90.00; Eric P. Newman Numismatic Education Society.
Realized $7343.75. Description courtesy of Heritage Auctions.