1794 1C Liberty Cap- Large Cent -S-21 R3 PCGS graded AU55 PQ Sharpness- luster!

Description

Wow! Undergraded,
EAC graded 50/45+ by del bland. TIED 5TH BY CENSUS.
1794 1C Liberty Cap-  Large Cent -S-21 R3 PCGS graded AU55.
Nice and fairly RARE, mostly perfect obverse! Frosty light brown and tan with flowline luster covering the fields and protected areas on both sides. This cent has mint state eye appeal but there is a touch of friction on the highest points of the hair. The only mark is a mint-made planchet fissure from the right side of the E in ONE to the left top of the E in AMERICA. Otherwise this cent is absolutely choice. Sharply struck LDS, Breen state V. All the obverse die cracks and die clashmarks described by Breen are present. The reverse is uncracked, as always. The "die crack" from the N in CENT to the right loop in the ribbon bow is a clashmark, not a crack as described by Breen. Nicely centered on the planchet with clearly defined dentils around both sides. The obverse of this cent is plated on page 4 of the 1979 Morley reference on the cents of 1794 to illustrate the AU55 grade. Graded AU50 net EF45 and tied for CC#5 in the Noyes census, his photo #25147. Bland says AU50 net EF45 and tied for CC#6 in his census.
Our grade is EF45+.
Comes with a provenance that can be traced back well over 100 years. The attribution is noted on the PCGS label.
Ex Peter Gschwend (who acquired it prior to 1871)-William H. Woodin, Thomas L. Elder #18, 6/1908:529-unknown-Superior 10/1978:996-Steve Ivy Rare Coin Co.-Thomas N. Shipp, Jr., Christies of New York 9/1986:224-Herman Halpern, Stack's 3/16/1988:24-Robert E. Matthews, Superior 5/28/1989:146-Tom Morley 9/29/1989-Daniel W. Holmes, Jr. 7/2005-Chris McCawley 7/25/2005-Jon A. Boka-Dr. Mark D. Cadden Collection (includes the Morley and Holmes collection envelopes).
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