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Sheridan Downey Numismatist - Coins

Mail Bid Auction 55

Auction ended on January 6, 2023

Lot Number 93

Click coin to enlarge

1827 Sq. Base 2 -  O.148 R.6 PCGS VG 10

From the collection of Jerome Zonca.  Ex Dr. Glenn Peterson.  How many of you remember when this rarity was called the 1827 DT-1?  Dan Thornhill discovered the variety, a cleaned XF, in 1971, after Overton published his 2nd Edition.  Floyd Farley, BHNC #2, promptly pried it loose in a trade with Thornhill.  In June 1987 Farley offered the coin to BHNC members via private auction.  Charlton Meyer, of course, prevailed.  Over the past 50+ years other examples have been uncovered, dropping the rarity rating from R.7 to R.6.  An odd fact is that a majority of the known examples are struck over spoiled planchets, including brockages, off-center strikes and flip-over double strikes.  The coin offered here was the 7th piece identified.  Dr. Glenn Peterson found it in at local coin show in the late 1990s, unattributed; he did not flinch at the asking price of $39. In March 2018, after acquiring an XF, Peterson sold this coin to our consignor.  It is a wholesome VG.  A rim bruise under “50” on the reverse is the only blemish worth mentioning.  The natural toning and generally smooth surfaces are quite pleasing.  Peterson’s decision to sell came on the heels of Heritage’s sale of Chris Merrill’s PCGS F.12, lot 3883 in the Feb. 2018 Long Beach Sale.  The Peterson coin, though graded 2 points shy of Merrill’s, is a far superior specimen.  A visit to the Heritage web site will confirm this observation.  (Merrill’s coin brought $14,400.)   Estimate: $10,000 and up

Auction Ended

High Bid Maximum Bid Total Price
Reserve met
$10,920 $11,660

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

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