Old timers know this rare die pair as the “1833 DF-1.” It was discovered by Don Frederick in 1972, too late to be included in the 1971 2nd edition of Al Overton’s standard reference. As time passed the rarity rating dropped from R.8 to its current R.5+. High grade examples remain extremely rare. The only uncirculated example, ex Jerry Schertz, Don Parsley and Charlton Meyer, brought over $19,000 when it appeared in my July 2008 sale of Selected Rarities from the Meyer Collection. BHNC #1, Stewart P. Witham, never found anything better than a VF. His coin (graded PCGS VF 35) sold for $2,300 when offered in Heritage’s 2010 ANA auction. The current offering last appeared in Heritage's Feb. 2015 sale, lot 3808, as "NGC XF 40." It brought $2,585. It is evenly worn with natural muted auburn toning, lighter than the darkly toned Witham coin. The shallow strike is mandatory as this is a pairing of previously used, well-worn dies (1833 O.113 obverse, 1832 O.111 reverse).Estimate: $2,000 to $2,500
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Sheridan Downey, Numismatist 4400 Keller Ave.,
Suite 140, PMB 398 Oakland, California 94605 firstname.lastname@example.org (510) 479-1585