A 1792 Birch, Lettered Edge cent pattern once owned by the great-grandson of one of the co-founders of the industry conglomerate Procter & Gamble will cross the auction block in June.
The coin is one of possibly eight examples known (census lists differ on the number) and it is appearing at auction for the second time in less than a year. The pattern piece will be offered among the more than 3,000 lots of U.S. coins in the June 5 to 8 auction by Ira & Larry Goldberg Auctioneers.
Graded and encapsulated Very Good 10 by Numismatic Guaranty Corp. when the coin was offered July 25, 2015, by Mallette & Associates in Cincinnati, the coin has since been crossed over into a Professional Coin Grading Service Secure holder where it is also graded VG-10.
When the coin was sold by Mallette & Associates, the coin realized $225,000. There was no buyer’s fee.
For the Goldbergs’ sale, the coin carries an estimate of “$150,000 and up,” according to Jason Villareal, auction manager for the firm.
A 17.5 percent buyer’s fee will be added to the final closing hammer price of each lot won.
The Birch cent to be offered in the June sale by Ira & Larry Goldberg Auctioneers is the Judd 4 variety as cataloged in United States Pattern Coins by J. Hewitt Judd, edited by Q. David Bowers.
The Lettered Edge variety bears the inscription TO BE ESTEEMED ✶ BE USEFUL ✶.
The Judd 4 piece is one of four varieties of Birch cent patterns that served as a precursor to full-scale large cent production in 1793.