Terry Denman Collection of Middle Dates Part 1

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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