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Sheridan Downey Numismatist - Coins

Mail Bid Auction 54

Auction ends on August 17, 2022 6:00 pm CDT

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Lot Number 16


Click coin to enlarge & see slabs

1806 Pt. 6, Stem -  O.122, T-25 R.6 PCGS AU 58 CAC


In April 2002 I offered a newly discovered `06-122, graded AU 55 by PCGS.  (Mail Bid Sale No. 27, lot 158 @ $12,870.)  There were then but 14 known examples. I stuck out my neck to proclaim, “This new discovery should forever head the [Condition Census].”  Oops.  Seventeen years later a wonder coin appeared in Heritage’s January 2019 FUN Show auction, graded MS 62 by NGC.  It brought $10,200.  I was the unhappy underbidder.  Steve Nomura pilfered the coin when it showed up again in a Stack’s/Bowers sale of August 2020, lot 1198, this time in an MS 62+ NGC holder.  It brought a pitiful $7,500.  Blame it on the cancellation of the Pittsburgh ANA, when COVID kept everyone home.  The S/B auction was Internet only, with limited opportunities for lot preview.  Steve sent the coin off to PCGS for crossover.  It came back AU 58 and was quickly sanctified with a green CAC sticker.  Is it AU 58 or MS 62?  An honest answer ... who cares?  What’s a little cabinet friction among friends?  The coin is lovely.  I detect hints of prooflike surfaces under the ancient, tobacco-hued toning.  The coin is head and shoulders above any other 1806 O.122.  (Behind the aforementioned PCGS AU 55 lies a lowly XF 40.)  Dare I repeat myself and suggest that it will forever head the Condition Census?  Estimate: $10,000 and up

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Sheridan Downey, Numismatist
4400 Keller Ave., Suite 140, PMB 398
Oakland, California 94605
sdowney3@aol.com
(510) 479-1585

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