Undergraded by 5 or more points. Described as follows in MB 46, Jan. 2018, lot 32: The `17-105 die pair is scarce and intriguing. Both dies are in their second use. The obverse introduced itself as the “punctuated date,” O.103. The reverse matches that of the R.6 1817 O.104. On the O.105 Liberty’s portrait appears mushy while the dentils are usually distinct. Both dies feature notable die breaks. (The “prime” 1817 O.105, without obverse die breaks, is a great rarity – probably R.7). High grade examples of this die pair are rare. The Overton/Parsley Condition Census includes an AU 50. The current offering is far superior to most. It is lightly toned with abundant luster. The detail is surely that of an XF 45. PCGS was too much influenced by the softly impressed portrait. Note, especially, the sharp drapery lines and wing feathers. The coin brought double its high estimate. Est. $600 to $800.
Sheridan Downey, Numismatist Oakland, California email@example.com (510) 479-1585