Ex Charles De Olden. I would put a double + by that R.4 rarity rating. When Heritage offered the coin in January 2007 (part of Chuck De Olden’s collection) it was in an NGC capsule, graded XF 45 and brought $1,092.50. Eight years later Heritage sold it again, this time for $1,292.50. (Skidaway Island Collection, February 2015, lot 3715.) Sharfman prevailed and sent the coin to PCGS where its graders must have focused on the weak obverse strike, typical of the variety (3rd use of the die), and ignored the considerable luster that dances through the fields and around the devices. The coin is lightly toned with a few ticks and hairlines from a short tour in the stream of commerce.
Estimate: $800 to $1,200
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Sheridan Downey, Numismatist 4400 Keller Ave.,
Suite 140, PMB 398 Oakland, California 94605 firstname.lastname@example.org (510) 479-1585