1795 50C 2 Leaves AU55. O-102, R.4. This piece is an intermediate die state, the obverse meeting Overton's requirements for O-102a and the reverse perfect as an O-102. It is also one of the finest known examples of the die marriage. In the fourth edition of Overton, Don Parsley recorded the Condition Census as 55, 45, 40, 30, 30. The finest examples to appear in recent auctions (and the only AU grade coins) are an AU55 ANACS piece that Heritage sold in November 2003 and an uncertified AU50 sold by Stack's in May 2001. Each side has a few minor scuffs and abrasions, but the overall eye appeal of this example is excellent. Satiny pale gray surfaces exhibit sharp design features with nearly full luster, accented by delightful gold and iridescent toning.
The "Two Leaves" refers to the clump of leaves beneath the eagle's left and right wings. On some coins, there are two leaves in each clump; on others, three leaves are present. The Two Leaves variety is definitely the more common of these major varieties.
Norman Stacks Collection - Lawrence R. Stack Collection - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1096, $411,250
Harlan P. Smith Collection - S.H. & Henry Chapman 5/1906 - John M. Clapp Collection - John H. Clapp Collection, sold intact in 1942 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:1671, $82,500 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1097, $199,750
Dr. J. Hewitt Judd Collection - Abe Kosoff, sold privately circa 1962 - L.A. Collection - Stack’s 10/1990:1645, $99,000 - Ed Milas and Richard Burdick, sold privately in 8/1993 - Foxfire Collection (Claude E. Davis, MD), sold privately (as an entire collection) on 10/5/2004 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1098, $199,750