The Midwest Winter Sale 2007
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Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.
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(About The Images)
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Lot Title:
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1792 PCGS VF-25.
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Description:
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There has been, perhaps, no other year in American history of such historical significance to American commerce and communication as the year of 1792. It was the year that some historians claim as the year American became "open for business" as a new nation. In this year alone, both the United States Postal Service was created and Congress established the Philadelphia Mint in accordance with the Mint Act of 1792. By Federalizing two important segments of commerce and communication -- mail and money making -- President Washington and some members of Congress felt they were taking two major steps in creating the sovereignty of the Federal Branches of government. The majority of numismatic scholars consider the Half Disme the first coin struck by the United States under the Coinage Act of April 2, 1792. In 1844, John McAllister interviewed Adam Eckfeldt, the retired Chief Coiner at the Philadelphia Mint. At the time of the interview he was the only person surviving who was present in John Harper's cellar at Sixth and Cherry Streets in Philadelphia, where these pieces were struck. Eckfeldt claimed in this interview that President George Washington himself provided the silver used to produce these pieces, though there is some debate about the accuracy of this claim. What we do know is that there was just a single die pair used to produce these coins, and William Russell Birch, a British medalist, created them. The entire estimated coinage was around 1,500 pieces, and there are approximately 200 to 250 that have survived -- many of which are holed and plugged. This example, however, is a very pleasing VF with original neutral silver surfaces with a tint of rose gold. The design is well centered on the obverse, but ever so slightly off-centered to the left on the reverse. The graders at Scotsman all agreed that the detail remaining is much stronger than the VF grade would suggest. Both the inscription and denomination are clear and distinct, the hair curls are very strong, and the interior wing details and Eagle’s head are more pronounced than average.
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Low Estimate:
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$55,000.00 |
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High Estimate:
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$65,000.00 |
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Lot Status:
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Bidding has been closed for this lot. |
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Hammered Price: |
$70,500.00
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Price Realized:
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$81,075.00 |
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Price history for items of the same classification:
| Lot # | Auction | Current Bid or Hammer Price | Description |
| 528 | The Midwest Summer Sale 2014 on 07/18/2014 | $17,000.00 |
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1792 PCGS Genuine, as described.
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Disruption of the planchet integrity is the result of some sort of impactful damage affecting both sides, as it appears something struck the obverse and bent the planchet, requiring subsequent... |
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| 581 | The Collectors' Auction 2013 on 10/18/2013 | $33,500.00 |
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1792 PCGS Genuine, code 98 (VF details/contemporary hole).
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New World Estate. Judd-7, R.4 (the reeded edge can be discerned despite the conforming slab insert and confers attribution). Many pattern issues in the Judd book are collected right along with their... |
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