1794 Cent Talbot, Allum & Lee New York, RD MS(PCGS#636)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

拍卖行

Stack's Bowers

批号

210

等级

MS66RD

价格

106,726

详细说明

Remarkable MS-66 RD 1794 Talbot, Allum & Lee Cent Finest PCGS Certified 1794 Talbot, Allum & Lee Cent. With NEW YORK. Fuld-4, W-8590. Rarity-1. Small & on Reverse. Copper. Lettered Edge. MS-66 Red (PCGS). This beautiful premium Gem Talbot, Allum & Lee cent would do justice to the finest type set or specialized collection of early American coinage. Vivid pinkish-orange surfaces retain fully original color that is simply delightful. The finish is semi-prooflike, and modestly reflective fields form a nice backdrop to satiny devices. It is fully struck with razor sharp definition throughout, and has silky smooth surfaces that are close to pristine. The obverse die was lightly rusted at the time this coin was produced, evidence of which is discernible on both the central figure and the peripheral lettering. The firm of Talbot, Allum & Lee was located at 241 Water Street, New York City, and operated for only two years (1794 to 1795), importing goods by ship via the India trade. To advertise their business, principals William Talbot, William Allum and James Lee imported British conder tokens that they placed into circulation. The first year 1794 coins circulated extensively, but the 1795-dated pieces proved less popular and many examples (140,000 to 150,000 pieces) were sold to the United States Mint in two batches on April 23, 1795 and December 10, 1796. The Mint punched discs from these 1795 Talbot, Allum & Lee cents and used them as planchets for some 1795 and 1797 Liberty Cap half cents. (There are also two 1795 Liberty Cap cents known overstruck on Talbot, Allum & Lee cents.) Despite the wholesale destruction of many examples in the U.S. Mint, the 1795 is by far the more plentiful Talbot, Allum & Lee cent in Mint State. According to Walter Breen (1988), "a hoard found in Britain after WW II yielded many UNC. examples, mostly brown to light olive, fewer original red." Given that the issue circulated widely in the United States, the 1794 is highly elusive in Mint State, and the present example is the only full Red coin known to the two leading certification services. A gorgeous and significant condition rarity that is worthy of the strongest bids. Provenance: From the Cardinal Collection Educational Foundation. Earlier from Heritage's FUN Signature Sale of January 2002, lot 5170; Heritage's Long Beach Signature Auction of September 2007, lot 42; Heritage's FUN Signature Auction of January 2009, lot 3560; Heritage's Houston, TX Auction of December 2009, lot 14. PCGS Population: just 1 in the RD category. PCGS# 636. Click here for certification details from PCGS.