Description |
S-59. EX NAFTZGER-REYNOLDS. Just the names Naftzger and Reynolds should be an indication as to the quality of this beautiful early large cent. Steely brown luster shows light tan-gold in the protected areas of the well struck devices. Some light ticks are noted here and there, but blend nicely and are not noticeable without a glass. Middle to late die state for this R-3 variety with a couple of reverse die cracks, most prominent at the lower portion going through the fraction to the A in AMERICA. Depending on the EAC condition census you follow this is either 4th or 5th finest.
Not only does this marvelous Choice Brown 1794 offer a great eye appeal, but it also boasts a great provenance going back to the early 1960s: Herbert Dietz Collection, Stack’s April 1962, lot 271; Stack’s October 1966, lot 46; Gilbert Steinberg, Stack’s 1976 ANA Auction, August 1976, lot 232; Del Bland; Herman Halperin Collection, Stack’s March 1988, lot 80, Ted Naftzger, 1990 EAC Auction, lot 27; Tom Reynolds Collection, Goldberg’s January 2016, lot 36. The lot tickets from the 76 ANA auction, the Herman Halperin sale, and Naftzger’s envelope are all included.
PCGS 25, NGC 1, CAC 4. This coin sold for $29,375 in the Reynolds Sale, on an estimate of $40,000+; at the time of that sale, the market was very depressed, having succumbed to the triple whammy of plunging gold, oil, and stock prices. Since then, the market overall has firmed up and since there hasn’t been a major collection of Large Cents sold since, we think this coin should bring more today. If you are looking for a 1794 large cent for a type set, or need one for a date set, this exceptional coin will serve either purpose brilliantly!
Certification Number 32788980
PCGS # 901374
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