Richly Toned Virginia "Penny"
1773 Virginia "Penny." Newman 1-A, W-1390. Rarity-6. Proof. Unc Details--Damage (PCGS).
135.6 grains. Medallic alignment. A handsome example of this exciting coinage. Deep glossy chocolate brown surfaces with olive-russet and medium copper around and among many of the design elements, as well as vivid undertones of cobalt blue. The centering is precise and the detail is magnificent, brought into pronounced relief by multiple strikes. A high wire rim surrounds much of both sides. Fully original and nicely reflective, the only blemish of note is a pinch from cutters at 10 o'clock on the obverse (it also shows on the reverse) that explains the PCGS qualifier. Per a notation in Syd's file, this unfortunate mark was acquired when a previous owner damaged the coin while removing it from a slab. On a positive note, this piece shows no sign of modern curation, just ideal old surfaces with a natural appearance. Obverse Die State B, with minor chips in the field below the letter E in GEORGIVS. Struck on highly prepared planchets from a unique set of dies, the Virginia "penny" coins were never intended for commerce. While a few are known with evidence of circulation, most are fairly nice, well-preserved in the upper class 18th century English collections for which they were intended. As the most impressive form of the only truly "colonial" coin in the United States, the Virginia "penny" is a classic rarity, avidly sought in every state of preservation. This one is exceptionally nice for the grade and worthy of serious bidder consideration.
PCGS# 246. NGC ID: 2ATL.
From the Sydney F. Martin Collection. Earlier ex Anthony Terranova; Lawrence R. Stack Collection, November 3, 2006.
Price realized | 8'500 USD |
Starting price | 1 USD |
Estimate | 12'500 USD |