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Lot 215

1795, LM-1, V-1, R-6.
NGC graded MS-62. One of the very finest known of this very rare
variety, this coin is probably represented by less than 30 known specimens in
all grades. A few have been found in mint state, but certainly less than five.
This particular coin has spectacular eye appeal, with satiny luster in the
fields and the toning is a perfect light gray with blue and green highlights.
Fully struck from a later die state, we note a bisecting crack on the obverse
die from the first star through Liberty's head and out the rim through the left
side of the Y, just grazing the upper serif. The devices are well struck
throughout. Identifiable by a tiny mark on Liberty's shoulder where it joins
her neck, above the 5 in the date, and a very light scrape in the hair on the
second strand from her neck a couple of millimeters below her ear. Die file
lines are noted on the reverse, and these were part of the die preparation
process. No annoying adjustment marks or other detractions. Simply a
splendid coin that is a rare variety but may not bring much of a premium as
such over a typical common type example. As rare as it is beautiful.
Estimated Value $9,500-UP. No provenance included, but possibly the
Holmes coin, and very similar to Stack's Alto coin, 10/91:558, but that was an
earlier die state.
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