Terry Denman Collection of Middle Dates Part 1

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THE TERRY DENMAN COLLECTION OF MIDDLE DATES

Thursday, August 21 st 5:00PM CST

Hilton Garden Inn Oklahoma City - Bricktown 328 East Sheridan Avenue Oklahoma City, OK

Location

Will be held at our booth Tuesday, August 19 th through Thursday, August 21 st During Show hours or by appointment

\ Lot Viewing

Chris McCawley 405-226-5072 cmccawley@aol.com Lucas Baldridge 972-310-9497 friscomint@live.com

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An Introduction to

THE TERRY DENMAN COLLECTION OF MIDDLE DATES by Tom Webster

It’s my pleasure to pen this introduction for Terry’s Middle Date Large Cent Collection. This collection will be sold in two parts, the first in August 2025, at the ANA in Oklahoma City, OK, and, the second date is yet to be announced.

Terry was born in 1960 in Traverse City, Michigan and still resides there today. He is a small business owner in the automotive industry. His pursuit of collecting coins began at about eight years of age, sorting through penny rolls. By age eleven he moved up to bags of pennies and silver coins that his dad would bring him from the local bank. At age thirteen, Terry told his dad, who was also in the automotive industry, that he needed $75 dollars to buy a coin that he had found at a local coin shop. In describing the coin to his

Walt, Terry and Tom

dad, his dad exclaimed, “Are you nuts?” Terry had found a 1909-S VDB. The younger Denman, struck a deal with his dad to gain the capital needed to make that purchase. His dad said, “if you strip the wire from these cars, I’ll give you the money to buy the coin.” Terry recounts that the wire cutters were so large that he couldn’t hold them correctly to cut the wire but somehow, he still finished the job. During the time it took to complete the job, two things happened. That particular coin was sold and copper prices had dropped. His dad still paid him the $75 dollars and kept the wire, which Terry figures was worth $150 after copper prices rebounded. Even though the original coin he wanted was sold, he bought another one, my guess in the quality Denman is now known for. It was likely a valuable coin. The young coin collector, was on his way… Long ago, Terry told me that he has collected complete sets of ALL the series of Federal US coins with the exception of the ultra-rarities. He has had rarities in these sets he assembled, such as Pittman’s 1802 Half-dime, the 1876 CC 20 cent piece, the 1842 small date proof quarter, and others… His discerning eye was already developed before he began assembling his large cent collections.

I’ve known Terry since 2009, when I met him at the Dan Holmes Auction in Beverly Hills, CA. It was there that I began to truly understand what these Early Coppers were about, and what a significant collector Terry is. Knowing he was from Traverse City and I was From Kalamazoo, I introduced myself at the coffee pot table during the scheduled break. At the time, the expression on his face confirmed he was somewhat “In the zone”… as you would be if we had bought what he did, up to that point in the sale; so, I offered to buy beers at the end of the auction, he accepted, and thus began our friendship. Since then we have traveled to many coin shows, auctions, and conventions across the country and I’ve had rare insight to many of his acquisitions, deals, and even a couple of misses that go along with collecting at this level. To grasp the entirety of his collection sheds light on the fact that this is no ordinary collector, or collection. At this time, it is undisputed that he has assembled one of the finest cabinets of Large Cents, ever. His collection includes the Second finest Early Date Set, second to Naftzger; the finest Middle Date Set, and currently the second finest Late Date Set of US Large Cents. The quality for which is his focus is not an accident; this is a carefully curated collection by a coin collector that has methodically worked his way to best, and rival, the greats of this series of coins in all of time. Terry doesn’t seek the spotlight in his collecting or his collections, if you know him, you know he’s modest in his holdings and flies under the radar. You may see him at a show likely perched at the CVM table, and sometimes you’ll hear a great belly laugh from Chris McCawley as a result of Terry’s dry humor. There is also that beat up samsonite brief bag thing. “It works” he says, “so why would I need a new one?” Or the Holmes auction catalog that I can remember is so worn and taped up, but it holds within those critical pieces of information that he has carefully annotated. I know the steadfastness for which he adds coins to his collection. Slow and steady wins the race… as one of the most important things I’ve learned from him is, if you set out to be serious in the pursuit of collecting a series of coins, one needs to have patience. Patience affords and rewards one with opportunity. And focus. His focus shows well in this collection. His mantra is don’t stray too far from what you are really trying to accomplish. And, don’t forget color and surfaces, these are a must. He’s been fortunate to have had the opportunity to pick up pieces from holdings in long-time held collections, when those collectors bought the good stuff that became available long ago. Coins from the collections of Naftzger, Husak, Holmes, Frankenfield, Gerrie, Eliasberg, Ralls, Robinson, Ellsworth, Reynolds, Bird, Ahumada, and others. In this Middle Date collection alone, there are well over 120 Naftzger coins! Terry in a deal with Chis at his table

The early copper collector is generally part of a tight knit community. When we travel to shows, conventions or auctions, we are re-united with our friends. Friends such as McCawley, Pretsch, Klosterboer, McClean, Lucas,

Ross, Weber, Markowitz, and others I haven’t mentioned here, and… Walt. He was a great friend to Terry, and it was demonstrated as they volleyed back and forth over particular coins. All of these friends make the trip a great adventure. It’s where a great dinner, many laughs and some competition can be had. Sharing what you bought that day, a show and tell for bragging rights. As the goal is to come back home with the most coins, Terry and I often bet. Most of the time, Terry wins this competition. We bet on other things but for the quantity brought home, I haven’t won yet. He currently holds the $10 bill we pass back and forth when we bet. I’ll get him next time…I will. Terry is a great caretaker and steward of these important coins, which is very important to him. He spends hours studying them, cataloging them, and preserving the entirety of memorabilia associated with each coin and its provenance. He has told me that IF he were offered a CC #1 AU 50 Coin- new discovery- with no pedigree, or an XF coin of the same variety and a long pedigree, he would buy the XF with pedigree every time. He says pedigree is the most important factor in large cent collecting. His extensive library was custom built to house fine editions of the early auction catalogs by Elder, Chapman and others…pedigree. His commitment to this hobby and specifically Early Copper is relentless. He completed his Sheldon variety set in 2008. He was first to complete the Mid Dates including the 1825 N-5. As Regional Chairman for EAC, he single-handedly served as convention chairman, hosting the EAC Convention in Traverse City in 2018. He is a lifetime member of ANA, EAC, and a member of C4 and CSNS, and was part of the first meeting of the Boyz of ’94 at Steve Ellwsorth’s. Currently, Terry is the Vice President of EAC. Coins seem to be a common theme in his life, and to further give you some idea of this, he recounts that while on the couch, one of his Chihuahuas, Oliver, hit the keyboard with his paw when he got startled, and actually bought a large cent that Terry was bidding on. Oh, and two of his dogs are named Sheldon and Homer… go figure. Well, it’s time to get ready for the Auction. I tend to think it’s a celebration. This publication; the cataloging by Bob, photography by Lyle, and coordination by Chris is extraordinary. Team McCawley is at the top of their craft and will make this sale special. This Auction represents the dedication, hard work, and patience of a carefully curated collection by a master collector, Terry Denman. I feel honored to have been part of this Master Class. You won’t want to miss this one, or any of the coins in this sale. These are important coins and will likely be held for some time to come by their new owners. I hope you are fortunate to add the Denman pedigree to your collection…. Springfield, MO., Sale during Covid; Chris dealing with Klosterboer, Terry is looking for coins elsewhere!

EARLY CENTS AUCTIONS

THE TERRY DENMAN COLLECTION OF MIDDLE DATES

Thursday, August 21 st 5:00PM CST

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Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION

MIDDLE DATE LARGE CENTS

NEWCOMB PLATE COIN

LOT 1

1816 N-1 R4 PCGS graded MS65 Brown, CAC Approved . Glossy light brown blending to light olive and chocolate in protected areas where the surfaces are frosty. Subtle traces of very faded mint red are visible in protected areas on the left side of the reverse, and the eye appeal of this cent is excellent. Smooth with trivial marks including a spot of darker toning against the left side of star 8 and a tiny planchet chip right of the F in OF. MDS, die state c, with a series of rim cuds from star 8 to star 11 but the reverse is uncracked. One of only two examples of this scarce variety that is graded mint state by EAC grading standards. Called MS60+ and CC#2 in the Noyes census (William C. Noyes), his photo #27654. Our grade is MS60+ as well. This cent is illustrated on Plate I (obverse 1-2, reverse A) in Howard R. Newcomb’s 1944 reference United States Copper Cents 1816-1857. And it comes with a very impressive provenance that includes several of the brightest luminaries in the world of US Large Cent collecting. A great cent to kick off the sale of this superior collection. 36523.65/30811024 Ex Henry C. Hines-Dr. William H. Sheldon-C. Douglas Smith 10/1981-R. E. “Ted” Naftzger, Jr. 5/1986-C. Douglas Smith-Herman Halpern, Stack’s 3/16/1988:286-J. R. Frankenfield, McCawley & Grellman Auctions/Superior 2/17/20014:618-W. M. “Jack” Wadlington (The Twin Leaf Collection), Stack’s Bowers 7/16/2015:2001-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

 RARE TERMINAL STATE N-1

LOT 2 1816 N-1 R4 VG10 . Glossy steel brown and chocolate with lighter brown in protected areas. No corrosion with smooth surfaces are even wear. Just minor contact marks consistent with the grade including a dull rim nick right of star 8 and two more at ERI. Very rare LDS, die state e, with a bold cud break connecting NITE to the rim above. The cud consumed so much of the planchet that the opposing dentils at stars 4-5 are very weak. Graded VF20 net F12 and finest of the die state in the Noyes census, his photo #33198. A very important piece for the collector of significant die states. 

Ex Joe D’Agostino at the 1994 EAC Convention-Thomas D. Reynolds 2013-Terry S. Denman Collection

LOT 3 1816 N-2 R1 PCGS graded MS64 Brown, CAC Approved . Highly lustrous light olive and steel brown. The surfaces are satiny and choice, and this cent has great eye appeal A nick over star 12 and a spot of different toning under the C in CENT are the best identifying marks. MDS, die state b, with the usual rim cud breaks between stars 8-11. Nicely struck for this variety. The hair at the forehead is nearly full, which is quite unusual. Ted Naftzger noted on his collection envelope (which accompanies the lot) “The best struck N2 seen.” Called MS63 and tied for CC#1 with several others in the Noyes census, his photo #21379. Our grade is MS63. 36526.64/13079737

Ex Henry C. Hines-Dr. William H. Sheldon-C. Douglas Smith 3/1982-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:3-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION 

FINEST 1816 N-3 EX NEWCOMB

LOT 4 1816 N-3 R4 PCGS graded MS65BN . Lustrous light bluish steel brown with underlying faded mint color in protected areas, about 10% of both sides showing some faded red. The surfaces are satiny and this cent has outstanding eye appeal. Nicely struck EDS, before the dies clashed, but with the usual series of small rim cud breaks between stars 8-11. The only notable marks are some small spots of darker olive and steel toning (not carbon) including one near the dentils over star 4 and another close before the eye. Graded MS63 Choice and finest known in both the Noyes and Bland census lists, Noyes photo #21552. This is finer of only two known in mint state. Our grade is MS63. 36529.65/13092866

Ex Howard R. Newcomb, J. C. Morgenthau & Co. 5/16/1945:491-Floyd T. Starr, Stack’s 6/13/1984:71-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:4-Terry S. Denman Collection

LOT 5 1816 N-3 R4 F15 . Rather glossy olive brown and steel. Mostly smooth but there is a dusting of very fine carbon or verdigris in a few protected areas on the reverse. The notable marks are a dull nick left of the date and another vertical one under the ear. MDS with flowlined fields on the reverse and the always present rim cud from star 8 to star 11. 

Ex Thomas D. Reynolds 2/27/1998-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

LOT 6 1816 N-4 R2 PCGS graded MS63 Brown . Glossy medium chocolate brown delicately mottled with tan and lighter brown, mostly on the reverse. Mint frost covers the protected areas and this cent has very nice eye appeal. Essentially void of marks or other defects. A spot of lighter brown toning midway between the date and star 13 and a tiny rim nick left of star 6 can help identify this cent. E-MDS, die state b. The lump under the first 1 and dash at CA are dull but visible. Graded MS60 and tied for CC#5 in the Noyes census, his photo #22131. Our grade is MS60. 36532.63/30809059

Ex W. E. Johnson 8/1964-G. M. “Pat” Patterson, Kagin’s 5/6/1988:1098-Dennis Mendelson, Superior 2/3/1991:206 Frank McElwain (via Thomas D. Reynolds)-W. M. “Jack” Wadlington (The Twin Leaf Collection), Stack’s Bowers 7/16/2015:2005-Terry S. Denman Collection

LOT 7 1816 N-5 R3 PCGS graded MS65 Brown . Lustrous light to medium steel brown, the reverse a few shades lighter than the obverse. The surfaces are satiny and the eye appeal is excellent. This cent is virtually flawless except for some microscopic specks of darker bluish steel toning on both sides and a minor planchet lamination at the dentils over the left side of the M in AMERICA (as struck). A small spot of the darker steel toning at the right foot of the E in CENT is a good identifying mark. M-LDS, die state c, with flowlined fields and many of the dentils weak or missing. The die lines covering the neck are gone and the repunching at the bottom of the N in CENT is nearly gone. Called MS60+ and tied for CC#4 in the Bland census. Noyes says Mint State netted to AU55 for the tiny planchet lamination, his photo #35265. Our grade is MS60+, but the MS65 grade assigned by PCGS attests to the exceptional eye appeal this cent offers. 36535.65/13092870 Ex Dr. George P. French, B. Max Mehl 1929 FPL, lot 378A-T. James Clarke-B. Max Mehl 6/1945:1712-Rodney T. Grove-Nofal/Kling, Cape Kennedy Medals 7/3/1976:52-Tom Morley-Del Bland-Jerry A. Bobbe 9/13/1978-C. Douglas Smith-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:9-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION 

NEWCOMB PLATE COIN

LOT 8 1816 N-6 R2 PCGS graded MS63 Brown . Lustrous medium steel brown and light chocolate with generous traces of faded mint color in protected areas, mostly on the reverse. The only notable mark is a spot of chocolate brown toning at the right point of star 3. MDS, die state a, with a small lump on the lower loop of the 6 and fine radial die flowlines in the field around the stars. A very nice cent, close to choice. Graded MS62 and CC#2 in the Bland census. Noyes says MS60 and tied for CC#2, his photo #27242. Our grade is MS60+. This is the plate coin for the die variety in the 1944 Newcomb reference (Plate I, obverse 6, reverse F). 36538.63/83246180 Ex Howard R. Newcomb, J. C. Morgenthau & Co., 5/16/1945:493-Floyd T. Starr, Stack’s 6/13/1984:75-John J. Nicholas, Jr., Superior 2/2/1992:487-unknown-Bowers & Merena 1/26/1996:1070-Manuel Ahumada, McCawley & Grellman Auctions/Goldbergs 6/4/2017:6-Terry S. Denman Collection

LOT 9 1816 N-7 R3 PCGS graded MS64 Brown . Lustrous steel brown with golden tan faded down from mint color in protected areas. There is an area of darker toning on the lower cheek and upper neck and a spot of very fine carbon on the berries left of the O in ONE. Otherwise quite nice with trivial contact marks including a small scratch right of the F in OF. MDS, die state b. Most but not all of the dentils remain visible and the left top of the second T in STATES is still clear. Graded Mint State net AU50 in the Noyes census, his photo #27080. Bland says MS60. Our grade is MS60. Comes with a nice provenance. 1591.64/14300197 Ex Garry Fitzgerald 8/1964-Jon Hanson-Jack Collins-C. Douglas Smith 3/1980-John J. Nicholas, Superior 2/2/1992:488-Anthony J. Terranova 1992-March Wells, McCawley & Grellman Auctions/Superior 2/7/2000:1734-Wesley A. Rasmussen, Heritage Auctions 1/13/2005:3368-Chris McCawley 2005-March Wells, 2013 EAC Sale, McCawley & Grellman Auctions 5/4/2013:268-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

LOT 10 1816 N-8 R3 Repunched 8, PCGS graded MS62 Brown . Frosty light to medium brown with satiny luster covering the protected areas. A small spot of reddish chocolate toning on the bust tip and a few faint hairline scratches under the line below CENT are the notable defects. EDS, die state a, before any rim cud breaks on the obverse. The obverse is slightly misaligned to K-10 while the reverse is reasonably well centered on the planchet. Called AU55 net AU50 and tied for CC#3 in the Noyes census, his photo #21244. Our grade is AU55. 36544.62/13079739

Ex J. P. Young, M. H. Bolender 9/8/1951:279-Willard C. Blaisdell 9/1976 (via Del Bland.)-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:13-Terry S. Denman Collection

 FINEST 1816 N-8

LOT 11 1816 N-8 R3 Repunched 8, PCGS graded MS64 Red & Brown, CAC Approved . Beautiful frosty mint red fading to lustrous bluish steel brown, at least 20% of the mellowed mint color remaining, mostly on the obverse. The surfaces are satiny and virtually flawless. A small tick left of star 9 and a speck of darker toning near the dentils midway between stars 11 & 12 are the best identifying marks. M-LDS, die state c, with strong rim cud breaks at stars 8.5-10 and 11-12. The terminal rim cud at stars 3-4 has not formed as those dentils are clearly visible on this example. The repunching over the left top of the 8 is weak but still visible. A bit softly struck on the right sides while the left sides are fully impressed, the result of the die faces not being in perfect axial alignment (die faces not parallel). Otherwise this piece is a gem. A beautiful cent, finest known of this scarce die variety. Our grade is MS64. 36545.64/15104750

Ex Heritage Auctions pre-2006 ANA Sale, 8/13/2006:171 (via Chris McCawley)-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 5/30/2010:20-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION  SECOND FINEST N-9

LOT 12 1816 N-9 R3 Repunched 18, PCGS graded MS63 Brown . Lustrous medium steel brown and light chocolate with delicate overtones of light bluish steel, especially on the obverse. The reverse is a shade or two lighter than the obverse with subtle hints of very faded mint red in protected areas. The only marks are a light horizontal nick just right of the mouth, another light nick in the field off the brow lock, plus a few tiny ticks on the chin. A tiny swipe of darker toning at the lower point of star 8 is a good identifying mark. Otherwise this cent is choice and the eye appeal is excellent. E-MDS, die state a, with clear repunching left of the lower loop of the 8 and to the left from the peak and base of the second 1. Fine radial die flowlines cover the fields on both sides and the dentils are complete. A really nice example of a variety that is prohibitively rare in true mint state grades (three known, one of which is in the ANS Museum Collection). Graded MS60 and tied for second finest known in the Bland census. Called MS62 and CC#2 in the Noyes census, his photo #27604. Our grade is MS60+ . Comes with an important provenance. 36547.63/15114858 Ex Fred Baldwin 4/14/1960-Mrs. R. Henry Norweb-Norweb Family Collection, Bowers & Merena 11/14/1988:2862-J. R. Frankenfield, McCawley & Grellman Auctions/Superior 2/17/2001:634-Chris McCawley, 2004 EAC Sale, McCawley & Grellman Auctions 4/17/2004:321-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 5/30/2010:22-Terry S. Denman Collection

LOT 13 1817 N-1 R4 EF45 . Frosty olive brown and chocolate. The surfaces are smooth and choice except for a planchet flake at the bottom of star 4 and another flake on the rim over the A in STATES, both as struck. The only notable contact mark is a very light rim bruise over the O in OF. M-LDS, die state b, with fine die cracks from the bust tip and the tip of the coronet, but the final crack to star 11 has not formed. A very nice example of this tough die variety, tied for CC#6 in the Noyes census, his photo #21688. Graded EF45 by Del Bland. 

Ex Hollinbeck Coin Co. Mail Bid Sale #91, 11/1950:811-Jerry Kolar-Dr. Robert J. Shalowitz 3/1974-Myles Z. Gerson 3/1980-R. E. “Ted” Naftzger, Jr., 1989 EAC Sale 4/1989:188-R. S. “Robbie” Brown, Jr., Superior 1/27/1996:415-Chris McCawley 5/2/2012-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

LOT 14 1817 N-2 R3 PCGS graded VF35 . Glossy medium chocolate brown with slightly lighter steel brown on the highpoints. Smooth surfaces with minor contact marks including a tiny diagonal scratch under the end of the bust and another vertical one down from the curl above the 7. EDS, die state a, before the radial crack to the first S in STATES. Our grade is VF25. 1594.35/26338269

Ex Terry S. Denman Collection

 THE NEWCOMB-STARR N-2

LOT 15 1817 N-2 R3 AU55 . Choice frosty light olive and steel brown. Satiny mint frost covers the fields and protected areas and this cent has outstanding eye appeal. Looks mint state but there is a trace of rub on the highest points of the devices. The only marks are a half dozen small spots of olive brown toning on the obverse including one hidden in the curl above star 13 and another at the bust tip. MDS with a radial die crack from the rim down through the center of the first S in STATES to the wreath, but this crack fades away before it reaches the O in ONE. A very nice example of this scarce die variety. Called AU55 and tied for CC#4 among the confirmed examples in the Bland census. Noyes says AU55 net AU50 and tied for CC#6, his photo #56696. A beautiful cent that comes with a famous provenance. 

Ex Howard R. Newcomb, J. C. Morgenthau & Co. 5/16/1945:496-Floyd T. Starr, Stack’s 6/13/1984:80-Wesley A. Rasmussen, Heritage Auctions 1/13/2005:3374-Ed Jasper, McCawley & Grellman Auctions/Goldbergs 1/29/2012:363-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION 

SUPERB LATE STATE N-2

LOT 16 1817 N-2 R3 PCGS graded MS65 Brown . Lustrous bluish steel and olive with underlying very faded mint red, particularly on the obverse. Tiny specks of lighter brown and tan toning are sprinkled over the reverse. Satiny mint frost covers this cent and the eye appeal is superb. The only mark, and it is trivial, is a tiny diagonal tick on the truncation over the right side of the 8. LDS, die state f, with a bisecting die crack across the reverse from the rim at F-A to the rim at NI in UNITED. Graded MS63 and tied for CC#1 honors with one other piece in the Noyes census, his photo #20887. Bland says MS63 and CC#2 in his census. Our grade is MS64. Comes with a great provenance that includes many famous collectors of large cents. 36553.65/83246182 Ex Walter Allen (Scotland), New Netherlands Coin Co. #44, 6/1954:190-Gene Reale-Richard Picker-C. Douglas Smith-Del Bland-Darwin B. Palmer, Jr., Dr. Robert J. Shalowitz-Jerry A. Bobbe 6/1979-R. E. “Ted” Naftzger, Jr., 1990 EAC Sale 5/1990:80 (as MS65)-John J. Nicholas, Jr., Superior 2/2/1992:491-Andrew Hain, Stack’s 1/15/2002:762-Manuel Ahumada Collection, McCawley & Grellman Auctions/Goldbergs 6/4/2017:10-Terry S. Denman Collection  CONDITION CENSUS N-3

LOT 17 1817 N-3 R2 PCGS graded MS65 Brown . Highly lustrous light bluish steel brown with a small puff of slightly darker toning at the base of the T in CENT. Satiny and very attractive with just a few microscopic contact marks on the cheek and in the field before the portrait. Sharply struck E-MDS, die state a, with a faint crack through the base of 181 but no “Mouse” break on top of the head under star 8. Called MS63 and tied for CC#1 in the Noyes census, his photo #35809. Bland says MS60+ and tied for CC#6. Our grade is MS62. 36556.65/13079741

Ex J. P. Young, Barney Bluestone 9/29/1945:689-T. James Clarke 10/1954-Dr. James O. Sloss, Abe Kosoff, 10/21/1959:125-Willard C. Blaisdell (via Del Bland) 9/1976-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:20-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

LOT 18 1817 N-3 R2 PCGS graded MS64 Brown . Lustrous faded red mellowing to bluish steel brown with nearly half the planchet showing mellowed red. There are several small spots of bluish steel toning sprinkled over the obverse, the largest of these at the curl under the hair bun. The only notable mark is a tiny, barely visible planchet flake or tick just right of the F in OF. MDS, die state b, with a small “Peeking Mouse” break resting on the top of the head under the left side of star 8, the precursor to the full “Mouse” break that occurs soon after. Called MS60 and tied for CC#9 in the Noyes census, his photo #21442. Bland says AU55. Our grade is MS60+. 36556.64/13094324 Ex New England Rare Coin Galleries 8/9/1973-Jerry A. Bobbe-C. Douglas Smith-Herman Halpern, Stack’s 3/16/1988:303-Anthony J. Terranova 3/18/1988-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:22-Terry S. Denman Collection  CONDITION CENSUS N-4

LOT 19 1817 N-4 R3+ PCGS graded MS64 Brown, CAC Approved . Glossy steel brown and olive with lighter reddish brown faded down from mint color in protected areas . Satiny mint frost covers the fields and protected areas and this cent has great eye appeal. Essentially flawless except for a diagonal hairline scratch between the second S in STATES and the adjacent O in OF. MDS, die state c. The always present die crack through the base of the date has a radial die crack extending down to the dentils below star 1. Called MS62 choice and CC#2 in the Noyes census, his photo #21640. Bland says MS60+ and CC#4 in his census. Our grade is MS62. 36559.64/13094326

Ex Henry C. Hines-Dr. William H. Sheldon-C. Douglas Smith-Jerry A. Bobbe-C. Douglas Smith 4/1985-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:24-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION

LOT 20 1817 N-5 R3 PCGS graded MS62 Brown . Glossy chocolate with lighter olive and steel brown on the reverse. Faded mint red covers the protected areas on the obverse and mint luster shows in the fields and protected areas. There is a trace of light friction on the highpoints and a few trivial marks including a line of very tiny ticks down the jaw and a light diagonal nick over star 4. Nicely struck E-MDS, die state b early. The dentils on the obverse are clear but only about half of the dentils on the reverse are visible. All the stars have full radial lines. Noyes photo #37182. Our grade is AU55 . 36562.62/30809063 Ex McCawley & Grellman Auctions 1/7/1995:431-W. M. “Jack” Wadlington (The Twin Leaf Collection), Stack’s Bowers 7/16/2015:2018-Terry S. Denman Collection  FINEST 1817 N-5

LOT 21 1817 N-5 R3 PCGS graded MS64 Brown, CAC Approved . Choice lustrous medium steel brown with mellowing mint red showing on nearly a third of the obverse and in protected areas on the reverse. The surfaces are satiny and this cent has great eye appeal. Nearly flawless; a dull, very light scuff on the bust may help identify this cent, but you need a good glass to see it. M-LDS, die state b. The fields are flowlined and most of the dentils on the reverse are nearly gone. Struck with the reverse rotated 25 degrees CCW relative to the normal head-to-foot die orientation. A beautiful cent. Graded MS63 and tied for CC#1 in the Bland census. Noyes says MS63 Choice and tied for CC#1 honors with one other piece, his photo #27227. Our grade is MS63 Choice. 36562.64/36186625

Ex Mayflower Coin Auctions 11/30/1963:132-C. Douglas Smith-Herman Halpern, Stack’s 3/16/1988:308-Stack’s 1/15/2002:763-Jim Neiswinter Collection, Goldbergs 1/27/2019:60-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

 SHARP N-6 EX NAFTZGER

LOT 22 1817 N-6 R1 PCGS graded MS65BN, CAC Approved . Highly lustrous bluish steel brown with 10-15% of the original mint color remaining, mostly on the reverse. The surfaces are satiny, the strike is sharp, and this cent has outstanding eye appeal. A puff of slightly darker toning right of star 13 and a dull contact mark on the upper lip, and another hidden in the hair below the left edge of star 8 are the only marks. Neither of the tiny contact marks is visible to the unaided eye. EDS, die state a. The dentils are sharp and delicate repunching is visible at the bottom of the N in ONE and bottoms of the C & N in CENT. Called MS65 and tied for finest known in the Bland census. Noyes says MS62 and tied for CC#7, his photo #21728. Our grade is MS63. Another very nice cent. 36565.65/13094328 Ex T. James Clarke 1948-Willard C. Blaisdell )via Del Bland 9/1976-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:26-Terry S. Denman Collection  EXTREMELY RARE N-7 WITHOUT “MOUSE”

LOT 23 1817 N-7 R7 (as a die state) PCGS graded F12 . Glossy dark chocolate brown and steel with lighter steel brown toning on the devices. Mostly smooth but there is some microscopic granularity in the fields and protected areas plus traces of dirt or minor verdigris in protected areas on the reverse. The only mark is an old diagonal scratch above and below the E in LIBERTY. Extremely rare EDS, die state a, before the “Mouse” break on top of the head. The reverse is sharper than the obverse, as always, because the obverse die was well worn from use in an earlier marriage while the reverse die is new. In addition the top of the reverse is not as well struck as the lower half because the dies were not in proper axial alignment (the die faces were not perfectly parallel). About a half dozen examples in this die state are known, and the finest grades F12 by EAC grading standards. Noyes photo #28012. Our grade is net VG10. 36568.12/30809065

Ex Chris McCawley 10/2002-W. M. “Jack” Wadlington (The Twin Leaf Collection), Stack’s Bowers 7/16/2015:2021-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION

LOT 24 1817 N-7 R3+ PCGS graded AU53, CAC Approved . Glossy tan and light brown delicately mottled with small puffs of darker olive brown on the obverse. Mint frost shows in the fields and protected areas and this cent has excellent eye appeal. Just light friction on the devices and the only notable marks are a light diagonal scratch under star 7 and a small chip on the rim over the second S in STATES. LDS, die state d, with fine die cracks on the obverse and narrow rim cuds at stars 12 & 13 (the cuds are barely visible due to centering). The “Mouse” on top of the head is strong. Our grade is EF45 36568.53/30811035

Ex Stack’s FPL 1969-R. S. “Robbie” Brown, Jr., Superior 9/30/1986:465-Dennis Mendelson, Superior 2/3/1991:226-Jeffery Gresser 6/1992-R. S. “Robbie” Brown, Jr., Superior 1/27/1996:421-W. M. “Jack” Wadlington (The Twin Leaf Collection), Stack’s Bowers 7/16/2015:2022-Terry S. Denman Collection

 ATTRACTIVE “MOUSE TOP” N-7

LOT 25 1817 N-7 R3+ PCGS graded AU58+, CAC Approved . Lustrous steel brown and light chocolate with slightly darker steel brown toning on the highpoints and lustrous lighter toning in the protected areas. Virtually flawless. Looks mint state to the unaided eye but a glass reveals a light touch of friction on the highest points of the devices. The best identifying mark is a small spot of darker toning (not carbon) near the hair under star 7. M-LDS, die state c. The “Mouse” break resting on the top of the head under star 8 is strong. There are four die cracks elsewhere on the obverse, the strongest of these arcing down from the tip of the nose toward star 2, but no cud breaks. Called AU55 and tied for CC#3 in the Bland census. Noyes says AU55 and tied for CC#4 in his census, photo #27884. Our grade is AU55. A very attractive example of the popular “Mouse Top” die state. 36568.58+/83246702 Ex Frederic W. Geiss, B. Max Mehl 2/18/1947:130-Dr. Kenneth J. Sartoris 1972-Del Bland-Jack Collins, Bowers & Ruddy 1/25/1983:561-Ed Jasper, McCawley & Grellman Auctions/Goldbergs 1/29/2012:375-Manuel Ahumada Collection, McCawley & Grellman Auctions/Goldbergs 6/4/2017:15-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

LOT 26 1817 N-7 R3+ VF25 . Sharpness near EF45 with a beautiful obverse, but the reverse is covered with very fine roughness in the fields and protected areas. There is a dull, rather strong scratch over the E in ONE and smoothing to reduce roughness is evident under that E. The toning is an attractive light olive brown and chocolate and the eye appeal of this cent is better than the technical description might imply. Terminal die state, die state d, with a bold “Mouse” break on top of the head, very fine die cracks from the portrait, and rim cud breaks at stars 12 & 13. Noyes photo #36217. Comes with an impressive provenance.  Ex Howard R. Newcomb, J. C. Morgenthau & Co. 5/16/1945:502-Floyd T. Starr, Stack’s 12/4/1984:1564-Dr. Thomas S. Chalkley-C. Douglas Smith Herman Halpern, Stack’s 3/16/1988:545-Robert E. Matthews, Superior 5/28/1989:545-J. R. Frankenfield, McCawley & Grellman Auctions/Superior 2/17/2001:654-Daniel W Holmes, Jr.-Chris McCawley 8/15/2013-Terry S. Denman Collection

LOT 27 1817 N-8 R2 AU58 . Lustrous medium brown with frosty lighter golden brown and tan faded down from mint color in protected areas. Satiny and sharp with great eye appeal, just a light touch of friction on the highpoints. The best identifying marks, and they are barely visible, are a tiny rim nick over the E in UNITED and another right of the second S in STATES. Nicely struck E-MDS, die state a. All the stars have full radial lines and the fields are just starting to show flowlines. The shallow low spot that forms under star 5 is just starting to show and there is no trace of the “Mouse” break on top of the head. Struck with the reverse slightly misaligned to K-1. Called AU55 net AU50 in the Noyes census, his photo #28020. 

Ex Anthony J. Terranova 4/1988 (at the EAC Convention)-Herman Halpern, Stack’s 3/16/1988:320-Anthony J. Terranova-Jeff Gresser-Chris McCawley 12/1992-Ed Jasper, McCawley & Grellman Auctions/Goldbergs 1/29/2012:376-Chris McCawley 8/8/2012-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION

LOT 28 1817 N-9 R2 VF30 . Choice glossy light to medium chocolate brown with frosty lighter brown in protected areas, especially on the reverse. Sharply struck with smooth surfaces and light, even wear. EDS, before any trace of the “Mouse” break on top of the head. 

Ex Morton, McCawley & Grellman Auctions/Goldbergs 9/2/2012:562-Terry S. Denman Collection

LOT 29 1817 N-9 R2 VF35 . Slightly sharper but there are a few small rim nicks at stars 3 & 4 and another at star 12. Otherwise quite nice with smooth surfaces, attractive light to medium brown toning, and flowline luster in the fields. M-LDS, die state c, with a “Ghost Mouse” on top of the head below star 8. An outline of the “mouse” break is clearly visible where the raised rodent is about to appear. A small nick is located just off the rump of the ghost. An interesting intermediate die state. 

Ex Chris McCawley 4/8/1988-March Wells, McCawley & Grellman Auctions/Superior 2/7/2000:1756-Chris McCawley 4/1/2000-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

LOT 30 1817 N-9 R2 PCGS graded MS64 Brown . Lustrous light bluish steel brown with faded mint red covering the protected areas on the right side of the obverse and most of the right half of the reverse. There is a small splash of reddish olive toning at the dentils under the 8 and a spot of very light carbon on the left end of the line under CENT. The only contact mark is a small rim nick at star 8. The surfaces are satiny and this cent has excellent eye appeal. LDS with a strong ‚ÄúMouse Top‚Äù break resting on top of the head under star 8. A great example of the popular “Mouse” die state. It‚Äôs head is on the left and body on the right with tail trailing behind, and this ‚ÄúMouse‚Äù is the one version of the four little rodents (N-3, 7, 8, & 9) that most closely resembles its namesake. Noyes photo #60913. Our grade is MS60. A great example of this very popular die state. 36574.64/15104731

Ex David Garvin, 2005 EAC Sale, McCawley & Grellman Auctions 4/23/2005:312-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 5/30/2010:48-Terry S. Denman Collection

LOT 31 1817 N-10 R1 EF40+ . Very attractive glossy light olive brown with traces of lighter brown in a few of the protected areas. The surfaces are smooth with light wear on the devices and no notable defects. Nicely struck E-MDS, die state a, with clear dentils on both sides. A beautiful cent, close to EF45. Comes with a nice provenance. 

Ex T. James Clarke, Abe Kosoff 4/21/1956:153-Herbert M. Oechsner, Stack’s 9/8/1988:77-Walter Dudgeon, McCawley & Grellman Auctions 7/30/1994:17-March Wells, McCawley & Grellman Auctions/Superior 2/7/2000:1758-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION 

CONDITION CENSUS N-10 EX NAFTZGER

LOT 32 1817 N-10 R1 PCGS graded MS65 Brown . Lustrous light chocolate with lighter brown in protected areas. Light bluish steel overtones show on both sides, the reverse is a few shades lighter than the obverse, and there are some small spots of lighter brown toning scattered over the obverse. A small spot of darker chocolate brown toning on the left upright of the N in CENT and another at the right top of the I in UNITED are the only notable marks. MDS, die state c, with a tiny rim cud break connecting two dentils at star 2 and several small die chips down from the dentils right of the second S in STATES (apparently caused by a small screw that damaged the reverse die during this marriage). Called MS63 choice and CC#1 in the Noyes census, his photo #28838. Bland says MS60 and tied for CC#4. Our grade is MS62. 36577.65/83246176

Ex John P. Young, Barney Bluestone 9/29/1945:692-Chris Petersen-Jon Hanson-Jack Collins, Bowers & Ruddy 1/25/1983:565-R. S. “Robbie” Brown, Jr., Superior 9/30/1986:472-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:37-Terry S. Denman Collection

LOT 33 1817 N-10 R1 PCGS graded MS63 Brown . Frosty olive brown and steel with delicate overtones of bluish steel and hints of very faded mint color in a few protected areas. Looks mint state but there is a hint of friction on the highest points of the devices. A glass reveals traces of very fine carbon covering the field around NITE and a little more at the second A in AMERICA. The only mark is a tiny planchet chip just right of the nostril (as struck). M-LDS, die state d. The dentils are weak and only partially visible on both sides, and damage from a tiny screw impressed into the die shows right of the second S in STATES. The obverse is very slightly misaligned to the left so the presence of any rim cud breaks at stars 2 or 3 can not be determined. Noyes photo #33636. Our grade is AU55. 36577.63/15104450

Ex McCawley & Grellman Auctions 8/19/1995:200-Ron E. Adam, McCawley & Grellman Auctions/Superior 9/5/2004:688-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 5/30/2010:50-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

 SUPERIOR 1817 N-11

LOT 34 1817 N-11 R1 PCGS graded MS64 Brown . Frosty light golden brown with subtle overtones of sea green and light bluish steel. The fields are satiny and lustrous, and this cent has excellent eye appeal. Just a few minor marks including a small wisp of slightly darker toning in the field above star 12, faint traces of an old fingerprint under TA in STATES, and a tiny nick on the bottom of the bust tip. Sharply struck EDS, die state a, showing sharp recutting on the bottom of the N in CENT and crisp dentils on both sides. Called MS62 and CC#1 in the Noyes census, his photo #20588. Bland says MS60+ and tied for CC#2. Our grade is MS62 . 36580.64/13094335 Ex Henry A. Sternberg, M. H. Bolender (Mail Bid Sale) 3/2/1956:1617-Floyd T. Starr, Stack’s 6/13/1984:91-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:39-Terry S. Denman Collection  FINEST 1817 N-11

LOT 35 1817 N-11 R1 PCGS graded MS65 Brown . Superb lustrous medium steel brown and olive with about 25% of both sides covered with mellowing mint red. Mint frost covers this cent and the eye appeal is outstanding. The surfaces are nearly flawless. A tiny vertical nick in the field close off the end of the nose and faint traces of a fingerprint at stars 11-12 can help identify this cent. E-MDS, die state a late, with fine radial die flowlines in the fields but all the dentils are clear. Our grade is MS64. Not seen by Noyes or Bland but finer (in our opinion) than the top coin in both census lists. A new discovery from England. Must have been very close to receiving an “RB” designation from PCGS. 36580.65/38208004

Ex London Coinex 10/2011-Andrew Lustig 11/17/2011-Douglas F. Bird Collection, Goldbergs 2/16/2020:151-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION 

THE NEWCOMB-NAFTZGER N-12

LOT 36 1817 N-12 R3 PCGS graded MS63 Brown . The obverse is glossy light tan faded down from mint color while the reverse is lustrous mint red mellowing to light steel brown, more than half the red remaining. The only marks are a few small spots of chocolate brown toning, including one at star 12 and another touching the hair under star 8. E-MDS but slightly later than the preceding lot. A fine radial die crack now extends down to the dentils from star 1. The upper part of the hair buns and opposing leaves under IC in AMERICA are softly struck, as always on this variety. Called MS60 and tied for CC#1 in the Bland census. Noyes says MS60 net AU55 and tied for CC#2, his photo #21307. Our grade is MS60, but the reverse rates an MS63 grade. Comes with a wonderful provenance. 36583.63/13094336

Ex Howard R. Newcomb, J. C. Morgenthau & Co. 5/16/1945:506-Floyd T. Starr, Stack’s 6/13/1984:92-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:41-Terry S. Denman Collection

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EARLY CENTS AUCTIONS

 CONDITION CENSUS N-12

LOT 37 1817 N-12 R3 AU50 . Frosty light brown with darker steel brown and chocolate on the right half of both sides. Hints of frosty tan faded down from mint color show in the protected areas on both sides. Lightly worn on the devices with no notable spots or contact marks. A shallow low spot caused by debris on the die is well-hidden in the field between the 1 and the bust tip, and the strike on the upper half of the hair buns is a bit weak, as usual on this variety. M-LDS, die state f, with the obverse die cracks strong. A small internal cud break extends the left side of star 1 and the area outlined by die cracks at stars 1-3 is starting to sink as a retained cud. Ranked as high as CC#5 in the overall condition census for the variety but second finest known of the rare later die state (the finest of the die state is the slightly superior Newcomb:506-Starr:92 example). Called AU50 net EF40 in the Noyes census, his photo #20808. Bland says AU50 and CC#5 overall. An important cent that comes with a very nice provenance.  Ex J. R. “Bob” Grellman, Jr. (purchased unattributed at the 1978 ANA Convention in Houston; then traded at the 1980 EAC Convention)-C. Douglas Smith Herman Halpern, Stack’s 3/16/1988:340 (where it realized $8250)-R. E. “Ted” Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:42-Ed Jasper, McCawley & Grellman Auctions/Goldbergs 1/29/2012:387-Chris McCawley 5/2/2012-Terry S, Denman Collection

LOT 38 1817 N-13 R1 PCGS graded MS64 Red and Brown . Lustrous bluish steel brown with 5% of the mint red remaining on the obverse, 30% on the reverse. A choice mint state cent except for a few small splashes of darker olive and steel toning, the notable ones in the field under the chin and over star 12. These tiny splashes of darker toning contain microscopic traces of very light verdigris or carbon. Nicely struck E-MDS, die state b. The dentils are complete around both sides and a strong die line joins the bases of the I & C in AMERICA. Dull, wide lapping lines show at the bottom of the reverse. A sharp, attractive example of this Randall Hoard variety. Called MS61 and CC#5 in the Noyes census, his photo #37238. Our grade is MS60+. 36587.64/15114863

Ex NASCA Auction, 4/28/1980:1182-C. Douglas Smith 3/19/1982-R. E. “Ted” Naftzger, Jr., 1985 EAC Sale, lot 341-Daniel W Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 5/30/2010:57-Terry S. Denman Collection

Thursday, August 21 st , 2025 5PM CST

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THE TERRY DENMAN COLLECTION

LOT 39 1817 N-14 R1 PCGS graded MS63 Brown, CAC Approved . Lustrous golden light brown and olive with very faded mint color in protected areas on the reverse. There are a few microscopic ticks on the cheek, a faint diagonal hairline in the field under the chin, and a spot of slightly darker reddish chocolate brown toning in the field over star 11. MDS, die state b, the usual Randall Hoard die state with most of the obverse dentils worn off the die. Called MS60 and tied for CC#9 in the Noyes census, his photo #35249. Our grade is MS60. 36589.63/13079751 Ex Dr. James O. Sloss 9/1958 (misattributed as N-4)-R. E. Naftzger, Jr.-Naftzger Estate, McCawley & Grellman Auctions/Goldbergs 2/1/2009:45-Terry S. Denman Collection  CONDITION CENSUS N-15

LOT 40 1817 N-15 R4- PCGS graded MS63 Brown, CAC Approved . Glossy olive brown and steel with frosty light golden brown and tan in protected areas, especially on the reverse where the lighter toning is dominant. Faint hints of very faded mint color can be found with a glass. A sharp, attractive cent that has mint state eye appeal, but there is a hint of rub on the highest points of the devices and a few microscopic marks. The notable marks are a tick under the chin, a light rim nick at star 10, and a faint hairline right of the D in UNITED. None of these marks is visible to the unaided eye. Graded MS60 and tied for CC#2 in 2001 and AU55 tied for CC#5 now by Noyes, his photo #27184. Bland says AU55 and tied for CC#3. Our grade is AU58 . 36592.63/30809079 Ex Mrs. H. C. Fischer 1/1963-Louis Helfenstein-C. Douglas Smith-Herman Halpern, Stack’s 3/16/1988:350-John J. Nicholas, Superior 2/2/1992:500 J. R. Frankenfield, McCawley & Grellman Auctions/Superior 2/17/2001:668-W. M. “Jack” Wadlington (The Twin Leaf Collection), Stack’s Bowers 7/16/2015:2032-Terry S. Denman Collection

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