1804 C-3 (C-5 early, Without Spike From Chin) R7- PCGS Graded "Genuine", Fine Details, Damage or Tooling. Sharpness at least VG8 but there are numerous scratches on both sides. Most are very fine hairline scratches of minor importance, but there are some stronger ones on the obverse, particularly along the dentils under the date and along the rim in both directions. Glossy dark steel brown. LDS, Manley state 2.0. The smooth (unspiked) chin feature is clear. The reverse is plated on page 232 of the Breen encyclopedia to illustrate the variety (which in reality is an early die state of the C-5 variety, or, said another way, C-5 is a late state of the C-3 variety). The exact cause of the "Spike" is uncertain. Obviously something (perhaps a small screw) came between the obverse die and a planchet during a strike early in this marriage (die pairing) causing significant damage to the obverse die. Fortunately the die survived and went on to perform adequately in three more marriages before retirement (C-6, 7, and 8). Our grade is VG8+ sharpness net G6. One of only 2 examples known of the C-3/5 variety without the "Spiked Chin" when the Breen book was written, but about a dozen are known today. Most are in low grade with only a single piece grading better than F12. The attribution (as C-5 without Spike) and Missouri Cabinet provenance are shown on the PCGS label. Only 1 example of the variety has been graded at PCGS, a VF30. (PCGS # 35152) Estimate Value $25,000 - UP Ex William K. Raymond 9/8/1976-R. Tettenhorst-EPNNES-Missouri Cabinet (Mocab 04.3.1).
Price Realized: $5750
Images and description courtesy of Ira and Larry Goldberg Coins and Collectibles, Los Angeles, CA.
From Goldberg's sale of the Missouri Cabinet Collection, 1/26/2014, lot 62.
|Image Collection||Missouri Cabinet Collection of U.S. Half Cents|