PCGS Auction Prices

L1C 1794 PCGS MS67 BN CAC

Original Lot at Legend Rare Coin Auctions

Lot #
3
Grade
MS67BN
Sale Price
$258,500.00

Auction Details

Firm Sale Type Name Date Notes Lot
Legend Rare Coin Auctions Auction The Regency Auction 41 Oct-2020 FROM THE BRUCE MORELAN COLLECTION. A truly SPECTACULAR 1794 cent! One of the FINEST KNOWN for the entire date, and a truly SUPERB example. A miracle of numismatic survival, we cannot imagine that a 1794 large cent could even exist in such astounding quality! One glance and you can easily see why Ed Milas, one of the biggest dealers of the 1960s and 1970s "put this coin back" for himself. Laura Sperber obtained this amazing coin from his family in 2019, and as soon as Bruce saw it he had to have it for his WORLD CLASS collection! This Sheldon-31 is the "First Marred Field" variety, which is listed under Breen's "First Scot Heads" subtype. Listed in the Breen Encyclopedia as R-1, there is nothing common about this coin. Exceptionally high end quality, it really is a "perfect" 1794 large cent, and is the ABSOLUTE FINEST graded in the BN category at either service. The surfaces are immaculate! An intense luster radiates throughout the even medium, milk chocolate brown color on the obverse, while the reverse has a lovely pale golden undertone that accents some surviving traces of the original copper color. Early large cent planchets are notorious for poor quality, however this coin was struck on a nearly flawless one, with no pitting, corrosion, or discoloration of any kind. Produced from a forceful blow from the screw press, there a few stress marks seen in the cap. Every detail is sharply impressed, the Robert Scot design is seen here in its full glory; all of Liberty's hair curls are fully rendered, showing crisp definition and full separation. This is one of the most visually alluring 1794 large cents in any designation and has a stunning look. Housed in an old green tag holder. Walter Breen suggests that this variety was struck in mid-March 1794, with the following deliveries: March 14-24,000; March 19-16,000; March 20- 8,000; March 21-17,000. While PCGS has listed this as a Head of 1795, and assigned it PCGS # 1365, the S-31 is a Head of 1794 variety, so disregard the PCGS # on this old, green tag slab. PCGS 1, NGC 0, CAC 1. No PCGS MS67 BN Head of 1794 or Head of 1795 have ever sold in auction. We sold the most recent SUPERB 1794 Head of 1794 large cent, the Lord St. Oswald S-59 that brought a record $246,750, which graded PCGS MS66+ BN CAC in our July 2018 Regency Auction. This is a truly SUPERB example that is a ONCE IN A LIFETIME opportunity! Do not let this one get away! Cert. Number 2368157 PCGS # 901374