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1846 N-21 R5 (R8 as a proof) Hole in Ear, PCGS graded Proof-64 Brown

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1846 N-21 R5 (R8 as a proof) Hole in Ear, PCGS graded Proof-64 Brown
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[?]Live Online Auction Starts In 2025 May 31 @ 17:00 (UTC-05:00 : EST/CDT)
Sale to be held at:
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Arlington, TX
Light olive and steel brown with traces of mellowed mint color in protected areas, mostly on the reverse. The fields are reflective with shallow to moderately deep mirrors, deepest on the obverse. Those fields are covered with very fine die polishing lines and display many of the very tiny struck-through lint marks characteristic of proof strikes. The rims are squared and the strike is sharp with full radials in all the stars except for #1. There is strong strike doubling on the reverse. The notable defects are a small spot of very fine carbon below the right foot of the I in UNITED and another very well hidden between the leaf and berry left of the O in ONE. Very early die state (VEDS), die state a. The die cracks through the date and most stars are faint. Called Proof-60+ by Denis Loring and Proof-61 by Del Bland. Walter Breen also called this piece a proof, one of only two listed in his proof census for N-21. Our grade is MS62+ Prooflike, CC#2 behind a marginally finer example of the variety in the Grellman census but the finer of the two judged to be Proof strikes. The true proof status of this cent is open to debate, but since Breen, Loring, Bland, and PCGS all see it as a Proof then the debate sure seems to lean strongly in that direction. But we can all agree this is a sharp, attractive example of a rare variety. And it comes with a great provenance. The attribution and Twin Leaf Collection provenance are noted on the PCGS label.502707.64/14300224Ex Thomas L. Elder 6/6/1911:1361-Hillyer Ryder, New Netherlands Coin Co. 9/26/1953:924-Floyd T. Starr, Stack's 6/13/1984:497-Heritage Auctions 5/1990:608-Denis W. Loring 1994-R. S. Brown, Jr. 4/17/1999-Daniel W. Holmes, Jr., McCawley & Grellman Auctions/Goldbergs 1/30/2011:166-W. M. "Jack" Wadlington (The Twin Leaf Collection), Stack's Bowers 7/16/2015:2415-Fred H. Borcherdt Collection