& Larry Goldberg Auctioneers, with McCawley-Grellman,
The Copper Specialists, can be counted on to deliver hundreds of
interesting Early American half cents and large cents in each of their
auctions, which show the full range of quality within these respective
Although top coins like a 1793 Liberty Cap, Left half cent from the
Missouri Cabinet graded Mint State 63 brown that sold for $114,563
capture headlines, their Jan. 25 to 27 pre-Long Beach auction offered
other fascinating pieces.
Here is one of three coins Coin World is profiling in its
latest Market Analysis:
1793 Flowing Hair, Wreath cent, Basal State 1+
The grading term “Basal State” is the lowest level of preservation
described in Penny Whimsy by William H. Sheldon. The author introduced
the term in a chapter called “Toward a Science of Cent Values” where
he proposed a valuing system for pricing large cents that directly
related condition and rarity. His 1 to 70 scale is used in coin
grading today, where 1 is the lowest and 70 is essentially perfect.
This 1793 Flowing Hair, Wreath cent is graded by the auctioneer as
Basal State 1+, and the firm notes that by way of details alone, it is
several grading points sharper, but is covered with moderate porosity.
“The roughness weakens and distorts the designs but the date remains
readable as does much of the legend on the reverse,” the description adds.
While the date is not readily visible, it is identifiable as a Vine
and Bars Edge variety and is classified as the Sheldon 10 die variety
in Sheldon’s book.
The well-worn cent brought $447 against an estimate of $300 and up.
Keep reading this Market Analysis:
1793 Flowing Hair, Wreath cent went unsold at pre-Long Beach auction
Counterfeit' 1793 Flowing Hair, Wreath cent a curious oddity
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