1787 Fugio 1C Uni. Sta., Club Rays, Concave, BN MS(PCGS#910)

Spring 2019 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

346

等级

VF35BN

价格

193,048

详细说明

Extremely Rare 1787 Newman 5-F Club Rays, Concave Ends Fugio Copper Among the Top Three Known of the Die Combination 1787 Fugio Copper. Club Rays. Newman 5-F, W-6640. Rarity-7. Concave Ends, UNITED STATES. VF-35 (PCGS). Listed as tied for 3rd finest known with 3 other coins Rob Retz had graded VF25 in his census of 9 known examples of this die combination. This may actually be the lone second or third finest known behind only the Norweb/Terranova example and possibly the Lauder/Mitchell specimen, which is perhaps smoother but less sharp. The others graded VF25 by Retz include the Ford coin, now graded VF20 by PCGS; a VF25 in a private collection not known to us; the Bob Ayers coin, which is sharper than this coin but has some corrosion on the obverse and was last sold by us in 2013 for $35,250 in a VF Details Environmental Damage PCGS encapsulation. This coin is as sharp as and has better centering than the finest known Norweb example, while the Norweb coin's surfaces are a bit choicer than this boldly and fully detailed coin's subtly granular, dark brown fields that frame the lighter brown design motifs. Though the Club Rays, Concave Ends, UNITED STATES type is represented by no fewer than 5 different die combinations, three of them (23-ZZ, 24-MM, and 25-PP) are unique, the 5-HH is represented by just 5 extant examples, and 9 are known of the most common 5-F combination. Taken together, a mere 17 specimens are known for this entire Redbook listed type required by all collecting Colonial or early Federal coins by major types. A small planchet flaw in the sun rays on obverse and some minor planchet laminations rising diagonally upward from left to right on the reverse hallmark this coin as lot 255 from Bowers & Merena's sale of the Smith and Youngman Collections, in which it was surrounded by a whole collection of equally fine and tantalizing Fugio coppers. Missing from such major collections of Fugio Coppers as the Eric Newman and our (Stack's) Hancock sale of November 1994, as well as several advanced collections of today, we expect frenzied bidding before this condition census example falls under the auctioneer's hammer. Provenance: From Bowers and Merena's sale of the Craig N. Smith and George William Youngman Collections, March 2003, lot 255. PCGS Population for the type: 2; 2 (AU-50 finest). Click here for certification details from PCGS.