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Auction: 1116
1795 $1 Flowing Hair, Two Leaves, B-3, BB-11, R.5--Repaired, Improperly Cleaned--NCS. Unc Details....
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Sold for: Not Sold
Ended: Sep 17, 2008
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 5 Internet/mail bidders, 378 page views

Description
1795 $1 Flowing Hair, Two Leaves, B-3, BB-11, R.5--Repaired, Improperly Cleaned--NCS. Unc Details. Die State I, perfect dies as always. The 7 and 5 are each clearly repunched with remnants of the first punch to the right of the 7 and above the 5. The surfaces have light silver-gray patina with deeper gold and iridescent toning on both sides. This piece is boldly defined with full definition on both sides. At some time between 1968 and 1977, this example was repaired, with initials SEP removed from the obverse fields. In the September 1968 Lester Merkin catalog, the initials are clearly visible in the plate. In the June 1977 Bowers and Ruddy catalog, the initials are no longer evident, having been carefully removed. Despite the repair, we feel that this piece may still qualify as the finest known example of the variety.
In 1968, the cataloger for Lester Merkin (probably Walter Breen) stated exactly how he felt: "Would be of almost gem quality but for some idiot's having faintly scratched his initials SEP on obv., these being visible only at a certain angle." Earlier, in Stack's 1954 sale of the Davis-Graves Collection, the cataloger wrote: "Some fool put his initials in front of and in back of head."
From The Aspen Collection. Ex: Davis-Graves Collection (Stack's, 4/1954), lot 1268; A.J. Ostheimer, 3rd (Lester Merkin, 9/1968), lot 226; Doolittle Collection (Bowers and Ruddy, 6/1977), lot 2834.
(Registry values: P4) (#6853)



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