1835 1C N-1 Lg 8 Lg Stars, BN MS(PCGS#37105)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1103

等级

MS65BN

价格

45,850

详细说明

Lovely Mint State 1835 N-1 Cent Ex Lauder-Holmes-ESM 1835 Matron Head Cent. N-1. Rarity-1. Large 8 and Stars. MS-65 BN (PCGS). CAC. Type:Matron Head. Design: Obv: A head of Liberty faces left with 13 stars around the border and the date 1835 below. She is wearing a coronet inscribed LIBERTY, her hair tied into a bun at the back of her head by a plain cord. Rev: A circular wreath encloses the denomination ONE CENT with the legend UNITED STATES OF AMERICA around the border. Weight Standard: 10.89 grams. Diameter: 28-29 mm. Die Variety: Newcomb-1. Obv: Large 8 and Stars. There is a spike above the end of the bust and an inner circle along the denticles outside stars 11 and 12. In the word LIBERTY, the letters BERT are repunched. This obverse die also appears in the 1835 N-9 pairing. Rev: Medium Letters in the legend UNITED STATES OF AMERICA. The letter E in CENT is boldly repunched at the top. The letter O in ONE leans left and the first A in AMERICA is even further canted to the left. This workhorse reverse die was used earlier in the 1831 N-3 and later in the 1835 N-5 and 1834 N-5 pairings. N-1 and N-9 are the only die marriages that correspond to the Large 8 and Stars Guide Bookvariety of the 1835 Matron Head cent. Die State: Noyes C/D. Obv: A peripheral crack extends from the border outside star 3, through stars 4 to 13, and back to the border just after the date. There is a faint branch crack between the upper points of star 9. Rev: The die was relapped to remove rust from the 1831 N-3 pairing, weakening some of the denticles in the process, especially those from 7 to 10 o'clock. Edge: Plain. Mintage for the Issue: Mint records state that 3,878,400 cents were produced during calendar year 1835. The actual coinage from 1835-dated dies is somewhat less, however, since by studying reverse die states numismatic scholars have confirmed that the 1831 N-2 variety was struck in between the 1835 N-12 and N-13 (shared reverse die), and also that the 1834 N-5 was struck after the 1835 N-1 and N-5 (also shared reverse die). As such, some of the 3,878,400 cents delivered during calendar year 1835 were struck from 1831- and 1834-dated dies. Estimated Surviving Population for the Die Variety: Rarity-1: More than 1,500 coins in all grades. Strike: Apart from minor softness to a portion of the reverse border, as above, and bluntness to a few of the stars on the obverse, this is a smartly impressed example with sharp to full definition throughout the design. Surfaces: This is a lustrous, satin to softly frosted example with rich medium brown patina adorning both sides. Traces of original faded pinkish-rose mint color are most pronounced along the left obverse border and on the reverse at the letters ME in AMERICA. Otherwise smooth and close to pristine, a thin vertical planchet flaw on Liberty's cheek is the only useful identifier on either side of this premium quality example. Commentary: The reverse die of the 1835 Newcomb-1 cent followed an interesting course of use. After striking the 1831 N-3 variety, presumably in that year, it was used in 1835 and paired with two different dies dated that year resulting in the 1835 N-1 and N-5 varieties. After these two uses, it was paired with a leftover 1834-dated obverse to strike the 1834 N-5 coins. Examples of 1831 N-3 and 1834 N-5 are offered earlier in our present sale of the ESM Collection. This illustrates an interesting pattern of die use. While the reverse die would look the same across the years and only a numismatist would realize that one had been used in multiple years, the same is not true of the obverse, bearing the date. In this case, it seems clear that the 1834 N-5 coins were struck in 1835. While it may be tempting to conclude simple carelessness on the part of the coiner, as 1831-dated obverse dies were pressed into service in both 1832 and 1833, it is more likely that the Mint experienced urgent need for more cents on several occasions during the early to mid 1830s that outweighed norms of usage. Of course, the use of dies whose dates did not correspond with the year of striking was common in the United States Mint during the 1790s and earliest years of the 19th century, but it is an unusual practice for the 1830s. This said, it is difficult to imagine that any 1830s Mint employee would have ever considered that any person would care to discover the occurrence more than a century later. The ESM specimen of the 1835 N-1 cent is a lovely Mint State example of both the die pairing and the Large 8 and Stars Guide Bookvariety. The earlier Lauder-Holmes provenance adds further appeal. Provenance: From the ESM Collection. Earlier ex Loye L. Lauder; William Doyle Galleries' sale of the Loye L. Lauder Collection, December 1983, lot 421; Denis W. Loring; unknown intermediaries; Chris McCawley; McCawley & Grellman Auctions' EAC Sale of April 2004, lot 515; Dan Holmes; Ira & Larry Goldbergs' sale of the Dan Holmes Collection, Part II, May 2010, lot 399. PCGS Population (both die marriages of the Large 8 and Stars variety): 1; 0 finer in this category. PCGS# 37105. NGC ID: 225S. Click here for certification details from PCGS.