#1 PCGS MS66RB
Discovered at an upstate New York coin show about 1959; Richard Picker; C. Douglas Smith; Louis Helfenstein. As "Gem Uncirculated." “The Louis Helfenstein Collection,” Lester Merkin, August 1964, Lot 4 – $3,000; Dr. James McCleery; "The Dr. James McCleery Collection" to Stack’s, by sale, en bloc, via Lester Merkin; Unknown Intermediaries; Kevin Lipton to Anthony Terranova; R.E. "Ted" Naftzger, Jr.; "The R.E. “Ted” Naftzger, Jr. Collection" to Eric Streiner, by sale, en bloc, via Stack’s, February 1992; Jay Parrino. As PCGS MS66RB. Bowers and Merena, January 1999, Lot 1019 – $57,500; Lawrence Stack; "The Lawrence Stack Type Set" acquired by the Pogue Family via sale, en bloc, January 2003. As PCGS MS66RB #32189848. “The D. Brent Pogue Family Collection, Part V,” Stack’s Bowers / Sotheby’s, March 31, 2017, Lot 5096 – $211,500. S-26. |
|
#1 PCGS MS66RB
"The George Seavey Collection," William H. Strobridge, June 1873, Lot 221; Lorin G. Parmelee purchased the Seavey Collection intact before its public sale. As "sharp, uncirculated impression; dull red color." "The Lorin G. Parmelee Collection," New York Coins & Stamp Co., June 1890, Lot 686 – $21; J.F. Anger. As "Uncirculated. Original red lustre shading to light olive." "The John G. Mills Collection," Samuel Hudson and Henry Campman, April 1904, Lot 1238 – $36. As "Uncirculated.... Pale, reddish steel color, partly original red." "The George H. Earle., Jr. Collection," Henry Chapman, June 1912, Lot 3376 – $48; Purchased by John H. Clapp; "The John H. Clapp Collection" sold, en bloc, to Louis E. Eliasberg, Sr., via Stacks. As "MS65." “The Louis E. Eliasberg, Sr. Collection,” Bowers & Merena, May 22, 1996, Lot 492 – $34,100; Anthony Terranova; Stack’s, September 2005, Lot 473 – $120,750. As PCGS MS66RB #4464327. ‘The Madison Collection,” Heritage Auctions, January 10, 2008, Lot 2667 – $195,500; Heritage Auctions, April 2009, Lot 2034 – $126,500; Heritage Auctions, April 25, 2013, Lot 4116 – $205,625. S-26. Die State VII. |
Sheldon 26 (#35543) is the second "Severed Locks" variety, named for the fine strands of Liberty's hair that appear disconnected (the result of grounding the die to remove die clash images). This marks the third and final use of Obverse 8, which debuted on Sheldon 25 (the first Severed Locks variety, #35540) and was also utilized for the rare Sheldon NC-8 (#35672). The small cud between L and I remains visible on Sheldon 26, though it appears smaller and less triangular.
The reverse die is Reverse F, which failed spectacularly during production; this resulted in a prominent crack from the rim through the first S of STATES to the top of the C in CENT, and from the rim through the E to the top of the wreath. Two-thirds of known examples exhibit this crack. Additionally, note the presence of several die-clash images. This is a fairly common die marriage, though it boasts two gem examples in Mint State Red-Brown (#35544). Despite this impressive feat of survivability, the variety’s quality drops off quickly, falling out of Mint State halfway through the PCGS Condition Census.
* * *