Click Main Image For Fullscreen Mode
Type Live Webcast Auction
Price Realized 250,000.00 USD
Date Sold 5/18/2017


Lot # 95
Estimate 270,000.00 - 295,000.00 USD
Group - Category Coins & Paper Money - Coins - US
Lead 1C 1793 WREATH, LETTERED EDGE. PCGS MS64 BN CAC
Description
S-11c. This is the Lettered Edge with a Single Leaf and is tied with one other as the finest known of the type 1793 Wreath Cents. The color is perfectly even and light tan throughout, handling marks are virtually none, and for identification there is a minor planchet flake, which remains attached, above the TA of STATES. As to the strike, it is sharp and complete, with bold definition on Liberty’s curls as well as the finer veins on the leaves. The centering is excellent and the planchet is nearly as wholesome as any seen, save for a few minute imperfections located on the reverse. Exceptional eye appeal not only for the color and surfaces, but for the overall presentation. In 1793 one of the first priorities of the newly opened Philadelphia Mint was to get coins into circulation. While the original bonding requirements for the Mint’s employees delayed precious metal production of silver and gold, there was no restriction on copper, so the first focus of production were these large cents and soon half cents, both struck in 1793. The initial large cent design was the Chain reverse, but that did not meet with public favor, so that design was changed after a few short months to this Wreath design. That too met with disfavor with the public, and for the third time in 1793 entirely new designs were created, the Liberty Cap design, and those finally lasted more than a few months, continuing until mid 1796. Hence type, date and historical collectors all seek out these 1793 cents and there are few available, especially if a high grade Mint State coin is desired. Thankfully one collector will be more than satisfied with this stellar example, with its regal surfaces and finely struck devices. Listed as #1 in Walter Breen’s Census for the S-11c variety, this coin first appeared in the Dr. Charles Clay Collection, sold by Woodward and Strobridge, December 1877, lot 701; James E. Root; Edward Coggan’s December 1878, lot 231; Lorin G. Parmelee; New York Coin & Stamp Co. June 1890, lot 673; S.H. & H. Chapman; John G. Mills; Chapman Sale, April 1904, lot 1232; Carl Wurtzbach; Virgil Brand; New Netherlands; Harold Bareford Collection, Stack’s September 1978, lot 502; J.M. “Jack” Stone; intermediaries; present consignor. PCGS 2, NGC 1, CAC 2. The other PCGS MS64 BN example of the Lettered Edge variety Wreath Cent was auctioned for $270,250 in August 2014. This coin is even nicer in our opinion and should bring more today. If you demand the very finest of this major type with the Lettered Edge then here it is. Good luck! PCGS # 1350 Cert. Number 25574855 PCGS # 1350
Name The Regency Auction XXI
Auctioneer Legend Rare Coin Auctions, LLC
Type Live Webcast Auction
Date(s) 5/18/2017
Thursday, May 18th 6:30PM CT | Location: Fulton Street Salon III
Preview Date/Time Lot Viewing: Tuesday, May 16th 3PM-6PM CST | Location: Vieux Carre Ballroom - By Appointment Wednesday, May 17th 9AM-6PM CST | Location: Vieux Carre Ballroom Thursday, May 18th 9AM-3PM CST | Location: Vieux Carre Ballroom
Checkout Date/Time Lot Pickup & Settlement: Friday, May 19th 9AM-11AM CST | Location: Vieux Carre Ballroom
Location Harrah's Hotel Room: Fulton St. Salon III 228 Poydras St
New Orleans, LA 70130
Buyer Premium 17.50% Buyers Premium
Description
Harrah's Hotel Room: Fulton St. Salon III 228 Poydras St New Orleans, LA 70130 Lot Viewing: Tuesday, May 16th 3PM-6PM CST | Location: Vieux Carre Ballroom - By Appointment Wednesday, May 17th 9AM-6PM CST | Location: Vieux Carre Ballroom Thursday, May 18th 9AM-3PM CST | Location: Vieux Carre Ballroom Lot Pickup & Settlement: Friday, May 19th 9AM-11AM CST | Location: Vieux Carre Ballroom New Orleans on location phone number: (732) 233-0719 Preliminary lot viewing available by appointment only. Please call 732-935-1168 to schedule an appointment.
Auction Terms & Conditions This is a public auction, conducted in accordance with these Terms and Conditions of Sale, by Legend Rare Coin Auctions (hereinafter referred to as “LRCA"). By bidding on any lot offered by LRCA, the bidder indicates acceptance of the following Terms and Conditions of Sale. Bidders are to comply with the Terms and Conditions of Sale, posted on LegendAuctions.com, at the time of the auction in which they are participating. BUYER'S PREMIUM A 17.5% buyer’s premium will be added to all successful bids, and is payable by the winning bidder as part of the total purchase cost. SALES TAX All sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Louisiana are subject to applicable state and local taxes. PAYMENT All merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order after that time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendauctions.com for bank-wiring instructions and/or to provide numismatic references. RETURN POLICY All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction. SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice. BIDS VIA TELEPHONE An absentee bidder may also participate live, during the auction, via telephone. Requests for phone bidding must be received at least three days prior to the auction date. Please fill out our phone bidding request form online or call 732-935-1795 to request a call from one of our representatives during the live auction. LRCA cannot guarantee phone lines, but will make every effort to accommodate those who wish to participate via this method. RIGHTS & RESPONSIBILITES The auctioneer will determine the highest bidder. The auctioneer, alone, has the right to reopen the bidding for an item, if deemed necessary. LRCA and its representatives reserve the right to remove any attendees who impede the preview and/or the auction. Title to all merchandise shall pass to the winning bidder after receipt of good funds by LRCA. Bidders will be held responsible for their bids, including those bids placed incorrectly. PLEASE VERIFY BIDS BEFORE SUBMITTING THEM. In order to have a bid removed or corrected, bidder must contact LRCA prior to start of the auction. Bidder waives auctioneer’s responsibility and holds LRCA harmless for failure to recognize, accept, receive or execute any lost or missing bids by Internet, telephone, email, floor bid, fax, mail or other means. LRCA reserves the right to postpone or cancel an auction without notice. Lots may be withdrawn at LRCA’s discretion, without prior notice. Lots may carry a reserve. A reserve is a price below which the auctioneer will not sell an item, or will re-purchase the item on behalf of the consignor or for LRCA. LRCA permits bids to be placed by the auctioneer, or an employee of the auctioneer, up to the pre-determined reserve set by the consignor. Legend Rare Coin Auctions' partner, Legend Numismatics, reserves the right to bid on items, for its own account and for the accounts of its clients. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 199.00 10.00 USD
199.01 - 999.00 25.00 USD
999.01 - 1,999.00 50.00 USD
1,999.01 - 4,999.00 100.00 USD
4,999.01 - 9,999.00 250.00 USD
9,999.01 - 19,999.00 500.00 USD
19,999.01 - 39,999.00 1,000.00 USD
39,999.01 - 99,999.00 2,500.00 USD
99,999.01 - 199,999.00 5,000.00 USD
199,999.01 - 399,999.00 10,000.00 USD
399,999.01 - 999,999.00 25,000.00 USD
999,999.01 - 1,999,999.00 50,000.00 USD
1,999,999.01 - 9,999,999.99 100,000.00 USD
Currency USD
Buyer Premium 17.50% Buyers Premium
Payment Terms
SALES TAX All sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Louisiana are subject to applicable state and local taxes. PAYMENT All merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order after that time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendmorphy.com for bank-wiring instructions and/or to provide numismatic references. RETURN POLICY All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction.
SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice.