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1787/1877 Connecticut Mailed Bust Left M12-Q W-2885 PCGS AU55 FINEST GRADED!
My Stock#: 12069
1787/1877 Connecticut Mailed Bust Left M12-Q W-2885 PCGS AU55 FINEST GRADED!
 
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$7,500.00
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 Description
1787/1877 Connecticut Copper, M12-Q, W-2885, Mailed Bust Left with dramatic Overdate, R3. Authenticated and graded by PCGS as AU55, and this is the FINEST-GRADED example at PCGS! The next best coin is an EF45 that sold for $4744 in the 01/24/12 Stacks auction. This coin was part of the Robert M. Martin collection just sold by Stacks in the November 2019 Baltimore auctions, lot #5138, where it was described as: "One of the Finest Known 1787 over 1877 Connecticut Coppers The Finest 1787/1877 Overdate Certified by PCGS 1787 Connecticut Copper. Miller 12-Q, W-2885. Rarity-3. Mailed Bust Left, 1787 over 1877. AU-55 (PCGS). 123.7 grains. In the Roper sale we wrote "For some reason this variety is inevitably struck on a defective planchet, but this example is much better than most," a statement with which we can wholeheartedly agree; we note a bit of peripheral roughness at the rims due to a planchet cutter lip. The fields are lightly lustrous and glossy, the color ranging from rich mahogany at right obverse to a deeper chestnut at left obverse and all over the reverse. The strike is sharp and bold, with fully detailed central devices down to each laurel leaf in effigy's hair and with three vines heavy with grapes visible on the reverse shield. Little actual wear may be seen on this coin, and the AU-55 given grade is a perfect shorthand for the amount of circulation this coin has seen. The comical 1787 over 1788 is clearly visible, even to the naked eye, unaffected by the furrow created by the planchet cutter just a millimeter away from the bottom of the date. This was the plate coin for reverse Q in Robert Vlack's 1965 work Early American Coins. Though many high-grade survivors of this Rarity-2 die marriage exist, few are as well-balanced as this one, and Robert considered this "High Condition Census." Taylor's was called "AU-50" with faded mint luster and comparable to Robert's, while the Garrett and Collection SLT examples had comparable sharpness but slightly less in the way of flan flaws. As with so many of Robert's coins, this is a piece that was carefully chosen and would be hard to improve upon. Provenance: From the Robert M. Martin Collection. Ex Stack's Sale of the John L. Roper Collection, December 8-9, 1983, lot 242." I was prepared to pay much more for this coin, but with all of the other great coins in this auction, this one fell through the cracks and sold VERY cheap in my opinion. The PCGS Price Guide stops at $4,750 for that single EF45 and no value is given for this single AU55 example, so I have extrapolated a price comparing the similar 1787/1788 overdate and the Redbook values.
Redbook Variety: 1787/1877
PCGS Coin#: 686419
Pedigree: See description
Certification: PCGS
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