#1 PCGS AU50
Discovered in England, 1970; Lester Merkin, March 1970; “The R.E. ‘Ted’ Naftzger, Jr. Collection,” New Netherlands Coin Company, November 1973, Lot 350 – $3,200; John W. Adams, January 1975; Denis W. Loring, May 1983. As "XF40." “The Jack H. Robinson Collection,” Superior, January 1989, Lot 44 – $16,500; Dr. Allen Bennett, January 1998. As PCGS AU50 #13457252. Heritage Auctions, February 15, 2008, Lot 2029 – $51,750; "The Colonel Steven Ellsworth Collection," Heritage Auctions, January 8, 2026, Lot 2032 - $41,480; Richard A. Weber. S-27. Die State III. |
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#2 PCGS AU Details (Tooled)
Dr. Edward Maris; W. W. Hays,1900; Charles Steigerwalt, 1906; "The Charles G. Zug Collection," Lyman H. Low, March 7, 1907, Lot 25; "The Ebenezer Gilbert Collection," Thomas L. Elder, October 19, 1910, Lot 25; H. O. Granberg; "The William H. Woodin Collection," The United States Coin Co. May 19, 1915, Lot 107; Henry C. Hines, 1944; Homer K. Downing, 1948; Dr. William H. Sheldon; Sheldon to ANS, via illicit exchange, c. 1950; Sheldon to R.E. Naftzger, Jr., by sale, 1972; ANS returned to Naftzger, Jr. as part of legal settlment in exchange for stolen coin, 2001; Chris Victor-McCawley, February 22, 2002; W. M. "Jack" Wadlington, via Bob Grellman & Chris Victor-McCawley, June 30, 2005. As "VF35." Daniel W. Holmes, Jr.; Goldberg Auctions, September 6, 2009, Lot 46 - $27,000; Walter J. Husak. As PCGS AU DETAILS - Tooled #43023838. "The Collections of Walter J. Husak and the Liberty Cap Foundation," Heritage Auctions, January 4, 2024 - $26,400; John R. Hoskins. S-27. Die State IV. |
#3 PCGS XF40
Discovered in Europe; New England Rare Coin Galleries, sold privately in October 1982; H. Lee Martens. As "VF20/30." 1987 EAC Sale March 1987, Lot 93; Anthony Terranova; "The Herman Halpern Collection," Stack’s, March 1988, Lot 36 - $3,740; Anthony Terranova, January 30, 1989; Daniel W. Holmes, Jr.; Chris Victor-McCawley; Walter J. Husak, December 3, 2005; Scott Barrett, August 2012; Kenneth Goldman, July 2013; "The Thomas D. Reynolds Collection," Goldberg Auctioneers, January 31, 2016, Lot 18 - $14,100; Walter J. Husak; Present owner unknown. S-27. |
The 1794 Sheldon-27 (#35546) is occasionally referred to as the "Egeria" variety. This curious nickname was bestowed by Dr. Edward Maris, who sought to use classical terms to provide a descriptive shorthand for variety attribution. Egeria, a Roman water nymph, may seem an obscure reference today; however, Maris’s 19th-century readers were likely well-versed in the classics or Lord Byron’s Childe Harold’s Pilgrimage. Despite the poetic name, there is little in Liberty's portrait to justify the literary reference; it is generally assumed the name refers instead to the variety's elusive nature.
Following the publication of Dr. William H. Sheldon’s attribution system, the variety became standardly known as Sheldon-27. This scarce die marriage pairs Obverse 9 with Reverse G (a reverse that persists for the Sheldon-28, #35549). This specimen features a buckled obverse, which William C. Noyes describes as a "bulged border" near the fifth hair lock. While the extent of this buckling may be difficult to discern in some photographs, the primary diagnostic remains clear: the seventh curl points directly at the apex of the 1. The connection between Dr. Sheldon and the finest-known example in our Condition Census is particularly noteworthy, given the coin's storied and controversial provenance.
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Regency XIX Preview | Legend Rare Coin Auctions | December 15, 2016
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