1792 AE 1C Washington President Eagle Reverse, Lettered Edge, BN (Regular Strike)
Series: (None)
PCGS F12BN
- PCGS #:
- 708
- Designer:
- N/A
- Edge:
- N/A
- Diameter:
- N/A
- Weight:
- N/A
- Mintage:
- N/A
- Mint:
- Philadelphia
- Metal:
- Other
- Auction Record:
- $253,000 • AU53 • 11-07-2006 • Stack's
Major Varieties
- 1792 AE 1C Washington President Eagle Reverse, Lettered Edge, BN
- 1792 AE 1C Washington President Plain Edge, BN
Condition Census What Is This?
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#1 AU53 PCGS grade
Possibly the Waldo C. Newcomer collection, though Newcomer graded his Uncirculated - B. Max Mehl, sold privately on 1/11/1937 - Norweb Collection - Stack’s 11/2006:2022, $253,000 |
|
#2 XF details damaged
Heritage 9/2009:24, $48,875 |
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#3 F details, damaged
Heritage 11/2013:3490, $16,450 |
|
#4 F estimated grade
Plate coin in Rulau & Fuld “Medallic Portraits of Washington,” 2nd edition |
#5 PCGS F details, holed
Mayflower “C.H. Stearns” 12/1966:289 - Ted L. Craige Collection - Stack's/Bowers 1/2013:11492, $3,055 - Stack's/Bowers 8/2013:4005, $9,988 |
This coin is considered to be a pattern issue for a proposed Washington coin. Because it is found in both silver and copper, some researchers believe it is a pattern for both a Half Dollar and a One Cent piece; others believe it was only intended for a One Cent. Rulau and Fuld list this coin as Baker-21 in "The Medallic Portraits of Washington," 2nd ed. We know of five distinct specimens, including an example that was once silvered (and retains approximately 15% of the original silvering), and one or two more may exist. All of the examples we've seen are either low grade or damaged with the notable exception of the PCGS AU53 from the Norweb collection. Eric Newman owned a gold example of this type that, if ever sold, may set a record price for a U.S. pre-Federal coin.
CAUTION: the heavily damaged example sold as Lot 24 in Heritage's 9/2009 auction was extensively repaired after the sale. The after-repair image can be seen here.