SOLD
12,000.00USDto R*****n+ buyer's premium (2,100.00)
This item SOLD at 2017 Mar 09 @ 19:37UTC-5 : EST/CDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
DON’T FORGET!
You get 1% of your purchases back as
credit towards your next two Kagin’s Auctions!
1799 Sheldon-189. Rarity-2. Genuine – Scratch – EF Details. PCGS.
This deep chocolate brown specimen offers superior sharpness throughout and is certainly far finer in that department than the vast majority of surviving specimens; many collectors acquire the first pleasing AG-3 or Good-4 specimen they locate and are then done with it. To find an example with this degree of sharpness is an uncommon occurrence indeed. Almost immediately evident, however, is the reason for the PCGS qualifier – a diagonal scratch that runs from the obverse rim at 11 o’clock between the I and B of LIBERTY, then downward across Liberty’s coiffure to the back corner of her eye. Another finer scratch from behind her ear to her chin becomes apparent under low magnification, as do some possibly man-made scratches in the date area; all of the scratches are probably centuries-old. A somewhat pebbly appearance becomes apparent in places on both sides when a loupe is pressed into service. A small obverse rim ding is noted at 7 o’clock, while the reverse display some marks that crown the A of STATES and a rim bruise at 5:30. What is apparently a patch of old corrosion clings to the reverse rim at TES. Even after tallying in the shortcomings, the present 1799 cent is still remarkable in sharpness and overall appearance.
If it were in perfect shape without its qualifiers, it would be one of the most famous examples of the date extant. The fame of the 1799 cent – and its 1799/8 counterpart -- is commensurate with its popularity, and it is a date with a fun story to tell. Joseph J. Mickley of Philadelphia was born in 1799, and there arises one of the most popular twice-told tales in all of numismatics. Mickley, who repaired violins and other musical instruments, decided to find an old copper cent in circulation from the year of his birth, but the search was in vain; it did, however, lead to an awakening appreciation of coins and collectors that resulted in Joseph J. Mickley becoming one of the most famous names in 19th-century numismatics. Mickley finally did find an example of the date, but only after much time spent. As then-elderly collector Edward Groh -- one of five founders of the American Numismatic Society in 1858 – reminisced in a 1901 interview in the New York Times: “The story of Mickley’s chase after the 1799 cent illustrates the difference of methods then and now. Mr. Mickley wasn’t a collector when he started to hunt for that cent, but he had been born in the year 1799, and wanted the coin for a pocket piece. Nowadays he would have found out the whereabouts of every cent of that mintage simply by consulting any dealer in town. As it was, he had to go about it the old way.” Kudos to your tenacity, Mr. Mickley, but we can’t help but wonder just how many other 1799 cents you went on to handle during your numismatic career!
The mintage for 1799 must have been just a small fraction of the 1.8 million-plus figure given by the Red Book for 1798, in which the guesstimate for 1799 cents is “included in 1798 ‘all kinds’ mintage.” Back in the 18th and early 19th centuries, Philadelphia Mint records tended to show the number of copper cents struck in the calendar year, but usage of dies dated 1798 would have spilled over into the 1799 calendar year at the facility rather than pressing freshly made 1799-dated dies into service in January of that year and discarding all the perfectly sound 1798 steel dies that would no doubt be on hand at the end of the year. In Mickley’s day, the 1799 cent was considered a rarity, but as word got out, more and more examples came to light, resulting in today’s Rarity-2 rating. It is estimated that 800 to 1,000 or so examples of the date can be accounted for today in all grades.
As noted earlier, the vast majority of today’s survivors have fared about equally in grade, say AG to VG on a good day, and anything finer than that is generally considered a mini-event mini event with copper collectors and enthusiasts. We are certain that the reception this 1799 cent will enjoy at bidding time will be exciting. Currently there are far more collectors enjoying the large cent discipline than there are 1799 cents to go around. This impressively sharp example is highly collectable and we’re certain it will make a welcomed addition to a large cent cabinet either in its infancy -- you may as well dream big and start at the top -- or a relatively advanced collection that may be in an upgrade mode. The copper enthusiasts will be out for this one!
Ex: Oliver Collection.
PCGS Coin Facts
Auction Location:
9800 International Drive, Orlando, Florida, 32819, United States
Previewing Details:
auctions.kagins.com
Sales Tax on currency to non-dealers and coins under $1500 shipped to CA or $1000 to MD per tax accountant
Taxes:
| Tax | Rate | Desc. |
| FL |
6% |
Florida Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
Accepted Payment Methods:
- Money Order/Bank Draft
- Check/Cheque
- COD (cash on delivery)
- See Payment Details
- Wire Transfer
Terms and Conditions of Sale
1. Auction Company. This public auction is being presented by Kagin’s Auctions, a division of Kagin’s, Inc. (“KA”)
2. Binding Effect of Terms and Conditions. These Terms and Conditions are legally binding on anyone that registers
to bid, or actually does bid, at a KA auction. They define the relationship between bidders and KA before, during and after
the auction, and limit KA’s liability to bidders.
3. Consignors and Reserves. This catalog contains descriptions of property belonging to many persons known as
consignors. KA is not required to divulge to prospective bidders the identity of any consignor, except as provided by these
Terms and Conditions. KA’s relationship with a consignor is governed by a separate Consignment Contract, the terms of
which KA is not required to disclose to prospective bidders. The Consignment Contract may permit a consignor to bid on his
or her own lots and pay commissions if successful. If a consignor bids from the floor for his or her own lots, KA may so note
to all present. KA reserves the right to omit from its published prices realized the purchase prices of items re-purchased by
their consignor(s).
4. Who Can and Cannot Bid. Persons may bid at a KA auction in person, by an agent or employee, by telephone
of fax, or by mail, provided that they obtain a catalog and complete either a registration card (if bidding in person) or the
bid sheet contained in the catalog (if bidding by other method). KA reserves the right to reject bids from any person in its
sole discretion. In particular, KA will not accept bids from corporate bidders unless an officer, director or principal of the
corporation agrees in writing to personally guarantee payment. Likewise, bids will be accepted from persons under age
18 only if a parent or legal guardian agrees in writing to accept these Terms and Conditions and be responsible for any
purchases by the bidder. In addition, KA may require bidders without established credit with KA to furnish satisfactory
credit references or deposit such amount as KA may require in its sole and absolute discretion before bidding. Such deposits
will be applied to purchases and unused portions returned after the auction. Finally, for the protection of mail bidders no
“unlimited” or “buy” bids will be accepted.
5. Conflicts of Interest. KA, its principals, and affiliated or related companies and their employees, officers or
principals may either consign to, or bid at, an KA auction and pay commissions. In addition, these persons or entities may
loan or advance funds to consignors and/or prospective bidders, and may thereby acquire interests in items sold at a KA
auction. To the extent that actual or apparent conflicts of interest are created by such situations, bidders consent to such
conflicts.
6. Disclaimer of Representations or Warranties from KA. The descriptions of items in this catalog are qualified
statements of good faith opinion and not warranties. KA relies on the opinions of leading third party certification services,
and supplies information relating to certified items only for the convenience of mail, telephone and fax bidders. Floor
bidders are deemed to have viewed the lots they bid upon. The attributes of particular items may have a material impact
on their value, and bidders assume all risk of differing opinions thereof. No employee or agent of KA is authorized to make
any representations or warranties regarding the characteristics of items sold by KA or the correctness of catalog descriptions,
and KA DISCLAIMS ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY, FITNESS OR CONDITION OF
ITEMS BEING SOLD.
7. Title. KA relies on representations and warranties from its consignors that the consignors own the items consigned and
are legally entitled to sell those items. Bidders are entitled to rely on those same representations and warranties in making
their purchases, but are encouraged to make their own investigations in case of doubt.
8. Viewing. KA allows potential bidders to examine items to be auctioned during general viewing periods or, at KA’s
discretion, by special appointment. KA encourages floor bidders to examine items before bidding on them.
9. Bidding at Auction. The auction shall take place at the time and place set forth in this catalog, or at some other
time and place as KA may, in its sole discretion, determine. The auctioneer will offer lots in number sequence within each
auction session, subject to KA’s right to withdraw any lot at any time. Only entire lots will be offered unless the auctioneer
directs otherwise. Bidding will open at an amount set by the auctioneer in his or her sole discretion (including by reducing
a mail bid to a level the auctioneer deems appropriate), and will continue at such increments as the auctioneer directs until
the auctioneer declares the lot sold. The auctioneer may accept or decline any bid in his sole discretion, and where more
than one identical bid is received for an item, the auctioneer may prefer the first bid received and may prefer a mail bid over
an identical floor bid. In case of any disputes regarding the existence or amount of bids the auctioneer may rescind the sale
of that lot and re-sell it, or otherwise direct disposition of the lot in his sole discretion. In all cases, the auctioneer’s decision
shall be final. KA IS NOT RESPONSIBLE FOR ERRORS IN BIDDING, and mistaken bids will not justify rescission of a sale.
www.kagins.com xv
Terms and Conditions of Sale (Continued)
10. Buyer’s Commission and Taxes. THE PURCHASE PRICE FOR ALL LOTS INCLUDES THE SUCCESSFUL BID PLUS A
BUYER’S COMMISSION OF 17 1/2%, except as otherwise provided by written agreement between a bidder and KA. Bidders
acknowledge that they are responsible for all sales, use or other taxes applicable to their purchases, and for any interest or
penalty related to unpaid tax, regardless of whether KA collected such taxes at the time of purchase.
11. Kagin’s Loyalty Discount. All successful purchasers shall be entitled to a credit against any future
purchases in a KA auction, in the amount of one percent (1%) of the total purchase prices paid by
them (hammer plus buyer’s commission – taxes or other charges not included), such credit to extend to the next two (2) KA
auctions, or a period of 1 year, whichever is longer.
12. Payment, Risk of Loss and Remedies for Late Payment/Security Interest. After the auction, all successful
purchasers will receive an invoice from KA detailing their purchases and the date payment is due. Title and risk of loss to
goods passes when the purchase price is paid in full, and KA reserves the right to withhold delivery of lots until full payment
is made in good funds. Payment is by cash or credit card payable through a U.S. bank only, unless otherwise agreed in
writing between the buyer and KA. Purchasers agree that if payment is not made in full in accordance with the invoice
terms, they will be liable to KA for interest on the unpaid balance at the rate of 1 1/2% per month (or the maximum rate
permitted by law, whichever is lower), and for reimbursement of all collection costs incurred by KA (including the costs of
engaging an attorney and pursuing legal proceedings). In addition to the foregoing, purchasers grant KA a security interest
in any items purchased by them, to secure any outstanding indebtedness to KA (whether from purchase of the items
themselves or other items), and agree to execute such documents as KA may deem needed to evidence this security interest.
Purchasers agree that KA may exercise all the rights of a secured party, including the right to re-sell the collateral item(s) and
apply the proceeds to purchaser’s debt and to reimbursing KA for costs related to the resale.
13. Limited Return Privilege. Items may not be returned for any reason if they have been certified by a third party
certification service, if the purchaser is a dealer or has presented KA with a valid resale certificate, or if the purchaser viewed
the item prior to the purchase. In all other cases, returns are accepted provided each of the following conditions is met: (1)
the purchaser contends that the item is counterfeit, contains an altered date or mintmark, or contains undisclosed repairs;
(2) the purchaser notifies KA in writing of his or her contention within five (5) days of receiving the item (if purchaser did
not timely pay for the item, his or her return privilege is waived); and (3) the item is returned in its original, sealed and
unopened container. Notwithstanding the above, coin returns are not accepted in cases involving cleaning, artificial toning,
provenance or pedigree, or strike, or whether a coin is a proof.
14. No Rights for Subsequent Purchasers or Assignees. Only the actual purchaser of an item at a KA auction
may claim any rights under these Terms and Conditions, and such rights may not be transferred or assigned to anyone else.
15. Disclaimer of Compensatory, Incidental or Consequential Damages. KA’s liability to purchasers for
returned items, items to which title issues are raised, or in connection with any claim arising from the purchase of an item
at a KA auction is limited to reimbursing the purchaser for the sums actually paid to KA for the item(s) (including buyer’s
commission and taxes), and KA DISCLAIMS ANY LIABILITY FOR COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL
DAMAGES ARISING FROM PURCHASE OF ANY ITEM AT AN KA AUCTION.
16. California Law/Arbitration of All Disputes. These Terms and Conditions shall be construed and enforced
in accordance with California law (excluding choice of law rules). Any claim or controversy arising out of or involving an
KA auction or any provision of Terms and Conditions shall be resolved by arbitration in California through the Professional
Numismatists Guild, with the prevailing party being entitled to an award of its attorney’s fees and costs. Judgment upon an
arbitration award may be entered in any court of competent jurisdiction.