NNP

1840 Second Restrike Proof Breen 1-C R6+. PCGS graded Proof 66+ Brown. CAC. Reverse of 1840. Gorgeous light olive brown with blue steel overtones. The obverse fields are deeply mirrored while the reverse fields are moderately so. There is a small spot of darker toning on the rim at star 13, some very fine carbon on the left side of star 4, and a microscopic v-shaped struck-through in the field under the nose tip, as struck. Excellent eye appeal. Weight 96.9 grains, consistent with Breen's Series V strikes. The Series V strikes came with thick planchets and partial knife rims, and the knife rims often were removed at the Mint prior to distribution to customers. Evidence of a smoothed knife rim shows on the reverse of this example. (This collection includes a complete run of the Series V thick planchet Second Restrike Proofs of 1840-1848 plus 1852.) This piece is plated to illustrate the Second Restrike variety in the Breen encyclopedia, page 390, and is listed in the census on that page. Our grade is Proof-64. The attribution and Missouri Cabinet provenance are shown on the PCGS label. PCGS population 1; the finest graded. (PCGS # 35345) Estimate Value $10,000 - UP Ex R. E. (Ted) Naftzger, Jr., A. Kosoff Auctions, Inc. (Abraham "Abe" Kosoff) 4/21/1956:470 ($130.00)-Willard C. Blaisdell 9/15/1976 (via Delmar N. Bland)-Roy E. "Ted" Naftzger, Jr., 10/8/1976-William K. Raymond, Fixed Price List August 1977-R. Tettenhorst-EPNNES-Missouri Cabinet (Mocab 40.3.2).

Price Realized: $20125

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 150.