The 69th Annual Houston Money Show

EARLY CENTS AUCTIONS

LOT 303 1804 S-266c R-2 VG8. Chocolate and steel browns with ruddy brown in some protected areas. There are a few pin scratches at TE in STATES, above ONE, and on the wreath branches reveal peeps of red underneath, otherwise trivial marks consistent with the grade. LDS, Breen state IV, with the strong rim cud breaks over RTY and MERIC. Smooth, hard surfaces. Graded F12 net VG10 by Noyes, his photo #26182.

LOT 306 1805 S-269 R-1 XF40+. Glossy light olive brown mottled with deeper olive tones on the lower obverse, the reverse the uniform lighter shade. There is a low area on the neck, as struck. M-LDS with clash marks at the throat and a die crack in the hair near the hair braid. Only the most trivial of marks, nothing noteworthy, with subtle hints of frost in the protected areas, particularly on the reverse. Graded AU50 net XF40 and TCC#14 in the Noyes census, his photo #26111.

Ex; Dean Johnson 4/1974 - Fred Borcherdt

Ex; Fred Borcherdt

LOT 304 1805 S-267 R-1 F15. XF40 sharpness but there are several scrapes along the lower reverse and stop N in ONE. A bit dirty with old crud in some protected areas. A mixed golden brown, ruddy chocolate, and light steel with a dark toning spot on the hair curl closest to the shoulder. M-LDS, Breen state III. Glossy, smooth surfaces.

LOT 307 1805 S-269 R-1 VF20. XF sharpness but the surfaces have been whizzed and are now toned olive gray and steel with underlying faded red and tan. Some very faint, parallel hairlines are visible under a glass in the fields. MDS, Breen state III early, with a small die crack in the hair near the hair braid. Smooth surfaces.

Ex; Dean Johnson 6/1976 - Fred Borcherdt

Ex; Fred Borcherdt

LOT 305 1805 S-267 R-1 F12. VF20+ but there are a handful of corrosion spots and microscopic roughness on the surfaces. These include a small one on the throat, another before it, and several around TED STATES. Dark olive brown and steel with lighter medium brown on some of the high points. E-MDS, Breen state II. Strong date and legends.

LOT 308 1806 S-270 R-1 F15. F15+ but there are few nicks, one under 8, another over the hair braid, and tiny ones at I in UNITED and left of STATES. Mostly deep olive brown with lighter chocolate on high points of the portrait. MDS with clash marks at the throat and forehead. Smooth surfaces.

Ex; Fred Borcherdt

Ex; Fred Borcherdt

Saturday, January 17 th , 2026 4PM

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