Pos	Grade	Pedigree and History
1	Est. AU DETAILS	As "Extremely Fine... cleaned..." Samuel H. Chapman June 1913, Lot 468 - $80; Dr. George P. French, March 21, 1929; As "Unique." B. Max Mehl Fixed Price List, 1929, Lot 86 - $350; T. James Clarke, 1944 • B. Max Mehl, 1944 Fixed Price List; Dr. William H. Sheldon, March 25, 1945 , by trade; George H. Clapp; George H. Clapp to the American Numismatic Society, December 19, 1946; American Numsimatic Society. S-37. State I. The early copper community considers this the finest known example of the variety due to its exceptional sharpness. However, the "old cleaning" referenced by Chapman in 1913 remains undeniable.
2	PCGS XF45BN	As "VF30." Bowers and Merena; Bowers and Merena, January 1993, Lot 220 – $26,400; Anthony Terranova; Thomas D. Reynolds and Chris Victor-McCawley; Tom Morley, October 1993; Dr. Robert Schulman, May 1994; Dr. Allen Bennett. As PCGS XF-45 #13457262. “The Walter J. Husak Collection,” Heritage Auctions, February 15, 2008, Lot 2039 – $161,000; Colonel Steven K. Ellsworth; "The Colonel Steven Ellsworth Collection of U.S. Large Cents," Heritage Auctions, January 8, 2026, Lot 2042 - Passed; Colonel Steven K. Ellsworth, January 2026; Terry S. Denman. S-37. Die State I.
3	PCGS VF20BN	Denis Loring, January 1983; Jack H. Robinson; Richard V. Punchard; Tom Morley, September 12, 1991. As "Very Good 10." "The Robinson S. Brown, Jr. Collection," Superior Galleries, January 1996, Lot 53 - $16,500; Larry Briggs. As PCGS VF20BN #34342394. "The Loma Linda Collection, Part II," Heritage Auctions, February 22, 2018, Lot 3715 - $60,000. S-37. Die State I.
3	PCGS VF20BN	Copley Coin Co., February 1963; C. Douglas Smith, 1965; Alfred Bonard; Henry J. Berube; New England Coin Co., November 16, 1965; Philip Van Cleave, March 4, 1977; William R.T. Smith, April 4, 1977; R.E. "Ted" Naftzger, Jr., February 23, 1992; Eric Streiner, September 8, 1992; Dr. Allen Bennet, July 8, 1992; Dr. Allen Bennett, July 7, 1995; Paul Langseth, July 1996. As NGC VF30. "The Wes A. Rasmussen Collection," Heritage Auctions, January 2005, Lot 3044; Jon Alan Boka. As PCGS VF20BN #81233641. "The Jon Alan Boka Collection of 1794 Large Cents," Heritage Auctions, September 7, 2016, Lot 5322 - $88,125; Christopher Parent; Greg Hannigan, May 5, 2018; Walter J. Husak; "The Walter J. Husak Collection," Heritage Auctions, January 4, 2024, Lot 2031 - $96,000; Richard A. Weber. S-37. Die State I.

#1 Est. AU DETAILS

As "Extremely Fine... cleaned..." Samuel H. Chapman June 1913, Lot 468 - $80; Dr. George P. French, March 21, 1929; As "Unique." B. Max Mehl Fixed Price List, 1929, Lot 86 - $350; T. James Clarke, 1944 • B. Max Mehl, 1944 Fixed Price List; Dr. William H. Sheldon, March 25, 1945 , by trade; George H. Clapp; George H. Clapp to the American Numismatic Society, December 19, 1946; American Numsimatic Society. S-37. State I. The early copper community considers this the finest known example of the variety due to its exceptional sharpness. However, the "old cleaning" referenced by Chapman in 1913 remains undeniable.

#2 PCGS XF45BN

As "VF30." Bowers and Merena; Bowers and Merena, January 1993, Lot 220 – $26,400; Anthony Terranova; Thomas D. Reynolds and Chris Victor-McCawley; Tom Morley, October 1993; Dr. Robert Schulman, May 1994; Dr. Allen Bennett. As PCGS XF-45 #13457262. “The Walter J. Husak Collection,” Heritage Auctions, February 15, 2008, Lot 2039 – $161,000; Colonel Steven K. Ellsworth; "The Colonel Steven Ellsworth Collection of U.S. Large Cents," Heritage Auctions, January 8, 2026, Lot 2042 - Passed; Colonel Steven K. Ellsworth, January 2026; Terry S. Denman. S-37. Die State I.

#3 PCGS VF20BN

Denis Loring, January 1983; Jack H. Robinson; Richard V. Punchard; Tom Morley, September 12, 1991. As "Very Good 10." "The Robinson S. Brown, Jr. Collection," Superior Galleries, January 1996, Lot 53 - $16,500; Larry Briggs. As PCGS VF20BN #34342394. "The Loma Linda Collection, Part II," Heritage Auctions, February 22, 2018, Lot 3715 - $60,000. S-37. Die State I.

#3 PCGS VF20BN

Copley Coin Co., February 1963; C. Douglas Smith, 1965; Alfred Bonard; Henry J. Berube; New England Coin Co., November 16, 1965; Philip Van Cleave, March 4, 1977; William R.T. Smith, April 4, 1977; R.E. "Ted" Naftzger, Jr., February 23, 1992; Eric Streiner, September 8, 1992; Dr. Allen Bennet, July 8, 1992; Dr. Allen Bennett, July 7, 1995; Paul Langseth, July 1996. As NGC VF30. "The Wes A. Rasmussen Collection," Heritage Auctions, January 2005, Lot 3044; Jon Alan Boka. As PCGS VF20BN #81233641. "The Jon Alan Boka Collection of 1794 Large Cents," Heritage Auctions, September 7, 2016, Lot 5322 - $88,125; Christopher Parent; Greg Hannigan, May 5, 2018; Walter J. Husak; "The Walter J. Husak Collection," Heritage Auctions, January 4, 2024, Lot 2031 - $96,000; Richard A. Weber. S-37. Die State I.

Charles Morgan:

The 1794 Liberty Cap Cent, Sheldon 37, The Steigerwalt Variety

Sheldon 37 (#35576) is a scarce variety featuring Obverse 17 paired with Reverse N, the latter of which carried over from Sheldon 36 (#35573). Maris dubbed this the "Steigerwalt Variety," named after Charles Steigerwalt, one of the foremost numismatic experts of the era.

On this obverse, the date is spaced widely, with the 1 and 7 well-separated. Noyes identifies eight distinct hair locks, noting that the penultimate lock is unusually long and points downward. As an R-6 variety, the S-37 is one of the rarest collectible 1794 cents, with only approximately 21 examples known.

Vintage Market Snippet

At the 2007 Early American Coppers (EAC) Convention in St. Louis, Missouri, collectors successfully assembled 12 examples of the Sheldon 37. This remarkable event marked the first time in 213 years that over half of the known population had been gathered in one place since leaving the Mint.

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Regency XIX Preview | Legend Rare Coin Auctions | December 15, 2016

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