Lot 186
1796 S-119 R3 Draped Bust. PCGS graded MS-61 Brown. CAC. Frosty medium brown and light chocolate with tan faded down from mint color in protected areas. The portrait and upper part of the wreath are covered with the usual tiny planchet chips that plague this variety, but the fields are smooth and the eye appeal is excellent. The notable marks are some darker toning in the dentils left of the L in LIBERTY and a spot of dark reddish olive toning nestled between the U and end of the wreath stem. This beautiful cent is almost certainly from the famous "Nichols Hoard" of mint state cents. (The "Nichols Hoard" is the name commonly applied to a group of cents, certainly several hundred and possibly as many as 1000, that were obtained directly from the US Mint in 1797 by Benjamin Goodhue, a member of the Continental Congress. These cents were passed down through his family until they ended up as the property of the Nichols family before being dispersed in the 1860's by David Nichols of Gallows Hill, Massachusetts. The hoard contained examples of the S-119 variety of 1796 and the S-123 and S-135 varieties of 1797.) LDS, Breen state III, with die cracks on the obverse and narrow rim cud breaks over TAT in STATES. Our grade is MS60. A great type or date coin. The attribution and Great Pacific Collection provenance are noted on the PCGS label. PCGS population 1; 9 finer: 1 in 62, 5 in 63, 2 in 64, 1 in 65. (PCGS # 35870) Value $14,000 - UP
Ex Troy Wiseman Collection, Heritage Auctions 9/2006:151-Great Pacific Collection (lot ticket included).
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| Realized $12,600 |
