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Lot 3104

Image Information

Type Coin
Title Lot 3104
Date 1797
Side reverse
Grade 65
Service NGC
Service Catalog # 35937
Denomination 1C
Description 1797 1C Reverse of 1797, Stems, S-135, B-5, R.3, MS65+ Red and Brown NGC. CAC. Our EAC Grade MS62. Ex: "Col." E.H.R. Green. Breen Die State III. The evenly spaced date, broken upper serif on B in LIBERTY, arrangement of the berries in a 6 x 6 pattern, and the wide 100 in the denominator identify this coin as an example of the S-135 variety. The S-135 is known in two (unacknowledged) subvarieties, one with a beaded edge and another with a plain edge. This coin exhibits the plain edge, struck from planchets made by Mathew Boulton and shipped from England aboard the packet boat H.M.S. Adriana. The planchets were initially polished, but some were damaged by exposure to bilge water on the voyage from England. The 1797 S-135 was one of three large cent varieties that surfaced in large numbers in the famous Nichols Find (the other plentiful varieties were the 1796 S-119 and the 1797 S-123). The coins in this hoard, which may have included as many as 1,000 1796 and 1797 large cents, were ostensibly from a bag purchased from the Philadelphia Mint by Benjamin Goodhue in December of 1797. Goodhue was a member of the Continental Congress, and the coins eventually passed to his daughters and were in the possession of the Nichols family by the late 1850s. By 1863 the find had been dispersed by David Nichols, of Gallows Hill, Massachusetts, near Salem. Many coins from the Nichols Find are high-quality examples, and the S-135 is relatively easy to locate in Mint State. However, few examples can match the present coin in terms of technical quality and eye appeal. The surfaces of this high-end Gem display a mix of brown and original red toning, with strong mint luster under the patina. The design elements are sharply detailed and the well-preserved surfaces are free of mentionable distractions. This coin is the number two example in Del Bland's Condition Census for the variety. 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 @ $75.00; Eric P. Newman Numismatic Education Society. Realized $35250.00. Description courtesy of Heritage Auctions.

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