Archive for May, 2016

The Lord St. Oswald Coins – Where Are They Now? – Part IX

Posted on May 26, 2016 by 1 Comment

The Lord St. Oswald 1794 Large Cents – Installment Three of Five

The Lord St. Oswald Collection contained twenty-five U.S. Large Cents, all dated 1794 except for a single, average-grade 1793 Chain Cent. The 1964 Christie’s sale offered twenty-two Large Cents; only three appeared in the 1992 sale. Fortunately for future researchers, the catalogers at Christie’s attributed all of the Large Cents by Sheldon variety numbers. Today, we know the whereabouts of most of the coins and their “modern” grades, all of which is revealed below. For purposes of brevity, the Lord St. Oswald Large Cents will be presented in groups of five coins over five installments; this is the third installment of the five.

204206

Lot 155 “U.S.A. cent, 1794 (Sheldon no. 60) – in mint state with much original colour”

Analysis: This was the only Large Cent plated in the 1964 Christie’s sale, and it was the only Sheldon 60 in the entire collection. This remarkable coin is the undisputed finest example known of the variety. “Ted” Naftzger, a previous owner, called it “MS70,” indicating the high opinion in which he held this coin.

Complete pedigree:
William Strickland Collection – Charles Winn (husband of Priscilla Strickland, son – in – law and cousin of William Strickland), Rowland Winn, 1st Baron St. Oswald of Nostell – Rowland Winn, 2nd Baron St. Oswald of Nostell – Rowland George Winn, 3rd Baron St. Oswald of Nostell – Rowland Denys Guy Winn, Major the Lord St. Oswald, M.C. – Christie, Manson, and Woods 10/1964:155, $2,184 (780 British Pounds) – A.H. Baldwin & Sons, Ltd. (London) – Dorothy I. Paschal Collection – Dr. William H. Sheldon Collection, sold privately on 4/19/1972 – R.E. “Ted” Naftzger, Jr. Collection, sold privately on 2/23/1992 – Eric Streiner, sold privately in 3/1992 – Denis W. Loring, sold privately in 7/30/1993 – Thomas D. Reynolds Collection -Goldbergs 1/2016:37 (as PCGS MS64BN), $67,562.50

128608

Lot 156 “U.S.A. cent, 1794 (Sheldon no. 61) – scratch in obverse field below chin, otherwise uncirculated with much original colour”
Analysis: Among all the U.S. coins in the Lord St. Oswald collection, this coin had one of the lowest grades. However, even in its current condition, it is considered to be third or fourth finest known (depending on the authority). Sheldon 61 has a Rarity Rating of R-4 (Very Scarce), thus demand from collectors is high. In 2008, this coin sold for more than thirty times what it sold for in 1964.

Complete pedigree:
William Strickland Collection – Charles Winn (husband of Priscilla Strickland, son-in-law and cousin of William Strickland), Rowland Winn, 1st Baron St. Oswald of Nostell – Rowland Winn, 2nd Baron St. Oswald of Nostell – Rowland George Winn, 3rd Baron St. Oswald of Nostell – Rowland Denys Guy Winn, Major the Lord St. Oswald, M.C. – Christie, Manson, and Woods 10/1964:156, $1,008 (360 British Pounds) – Stack’s – Frank H. Masters, Jr. Collection – RARCOA 5/1971:73, $3,200 – R.E. “Ted” Naftzger, Jr. Collection, sold privately on 2/23/1992 – Eric Streiner – Chris Victor-McCawley – Dr. Thomas Turissini Collection – Walter J. Husak Collection – Heritage 2/2008:2063 (as ANACS MS60 details, scratched 4042671), $32,200

217903

Lot 157 “U.S.A. cent, 1794 (Sheldon no. 67) – good very fine”

Analysis: This was the first of three examples of the Sheldon-67 variety in the Lord St. Oswald collection. Because of a small lamination flaw above the 9 of the date, and a scratch that extended up from the top of the defect, this would have been another high-grade Gem. At its 1964 selling price of $392, it was one of the more affordable Large Cents in the collection. However, it was vastly overshadowed by the next two lots.

Complete pedigree:
William Strickland Collection – Charles Winn (husband of Priscilla Strickland, son-in-law and cousin of William Strickland), Rowland Winn, 1st Baron St. Oswald of Nostell – Rowland Winn, 2nd Baron St. Oswald of Nostell – Rowland George Winn, 3rd Baron St. Oswald of Nostell – Rowland Denys Guy Winn, Major the Lord St. Oswald, M.C. – Christie, Manson, and Woods 10/1964:157, $392 (140 British Pounds) – A. H. Baldwin & Sons, Ltd. (London) – Lester Merkin – Norweb Collection – Bowers & Merena 11/1988:2726 (as Raw AU58), $3,190 – J. R. Frankenfield Collection – Superior 2/2001:269 – Thomas D. Reynolds, sold privately in 6/2010 – Paul Gerrie Collection – Goldbergs 2/2013:40 (as PCGS Unc details, scratch), $16,675

72522

Lot 158 “U.S.A. cent, 1794 (Sheldon no. 67) – in mint state and red”

Analysis: This was the finest of the three S-67’s in the Lord St. Oswald Collection. How nice was it? William Noyes called it finest known, as did Walter Breen (using Del Bland’s census), and PCGS called it MS67 Red-Brown. In two separate sales in 2008 and 2013, this coin flirted with the $500,000 mark each time. It is one of the more colorful 1794 Large Cents in existence.

Complete pedigree:
William Strickland Collection – Charles Winn (husband of Priscilla Strickland, son-in-law and cousin of William Strickland), Rowland Winn, 1st Baron St. Oswald of Nostell – Rowland Winn, 2nd Baron St. Oswald of Nostell – Rowland George Winn, 3rd Baron St. Oswald of Nostell – Rowland Denys Guy Winn, Major the Lord St. Oswald, M.C. – Christie, Manson, and Woods 10/1964:158, $2,184 (780 British Pounds) – A.H. Baldwin & Sons, Ltd. (London) – Dorothy I. Paschal Collection – Dr. William H. Sheldon Collection, sold privately on 4/19/1972 – R.E. “Ted” Naftzger, Jr. Collection – Walter J. Husak Collection – Heritage 2/2008:2069 (as PCGS MS67RB 13470596), $488,750 – Flambeau Collection – Joseph O’Connor – Cardinal Collection Educational Foundation – Stack’s/Bowers 1/2013:13005 (as PCGS MS67RB 13470596), $499,375

2162

Lot 159 “U.S.A. cent, 1794 (Sheldon no. 67) – corrosion spot on obverse, otherwise in mint state and red”

Analysis: This was the third and final S-67 in the Lord St. Oswald Collection. Like the preceding lot, this coin retained much of its original red color. Noyes and Breen considered this the second finest example known of the variety; PCGS called it MS64 Red-Brown. This coin last sold in 2009 for $184,000, giving an indication of how much the market values the difference of the three extra points of the preceding lot.

Complete pedigree:
William Strickland Collection – Charles Winn (husband of Priscilla Strickland, son-in-law and cousin of William Strickland), Rowland Winn, 1st Baron St. Oswald of Nostell – Rowland Winn, 2nd Baron St. Oswald of Nostell – Rowland George Winn, 3rd Baron St. Oswald of Nostell – Rowland Denys Guy Winn, Major the Lord St. Oswald, M.C. – Christie, Manson, and Woods 10/1964:159, $2,016 (720 British Pounds) – A.H. Baldwin & Sons, Ltd. (London) – Lester Merkin 10/1973:255, $8,750 – Andrew M. Hain Collection – Dennis Steinmetz – Steve Ivy 9/1980:94, $29,000 – R.E. “Ted” Naftzger, Jr. Collection – Paramount “Auction ‘86” 7/1986:1517, $20,900 – Stack’s, sold privately – Marvin Taichert Collection – Stack’s 5/2001:11, $36,800 – W.M. “Jack” Wadlington, sold privately via Bob Grellman and Chris Victor-McCawley on 6/30/2005 – Daniel W. Holmes, Jr. Collection – Goldbergs 9/2009:109 (as PCGS MS64RB), $184,000

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