Lot Number 2
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1795 - O.120, T-4 R.6+ PCGS VF 30
Ex Summers, Link and Osborne. High Condition Census. Overton identified 32 die pairs for the year. His O.118 is unknown in any collection and generally thought not to exist. Of the remaining 31 varieties the O.120 lies 3rd in absolute rarity, ahead of the O.114 and behind the O.132 (2 known) and O.101 (9 known). One uncirculated (or nearly so) example exists. (Heritage 2015 FUN Sale, lot 4121, NGC MS 62 @ $42,300 to Dr. Link.) This example is likely the 2nd finest of 13 or so specimens. Don Frederick’s coin, NCS XF details (Heritage April 2010 Central States Sale, lot 814) must be demoted because of a heavy cleaning. In 1993 NGC graded the inferior Overton plate coin VF 20. Chuck De Olden's NGC VF 30, offered by Heritage in Jan 2008 (lot 2842 @ $18,400), was marred by contact marks and lacks the detail of the current offering. Mike Summers cherried this coin sometime before 2005. He consigned it to MB 31 in Aug. 2005 (lot 78 as NGC VF 30) where it was acquired by Dr. Link, bringing $12,826. Dr. Link later traded the coin to BHNC stalwart Tim Osborne, the present consignor. This is a sweet coin with natural grey toning, lighter on the devices. The hair curls and wing feathers are well defined. Tompkins die state 2, with a sharp die break from rim below 7 of the date to bust, foretelling, perhaps, an early demise of the obverse die. Tompkins correctly notes[t]he latest die stage showing a full crack to the bust is more difficult to locate. This coin is plated on page 83 of Tompkins. Est. $16,000 to $20,000.
