Archive for July, 2016

The Lord St. Oswald Coins – Where Are They Now? – Part XI (Final)

Posted on July 21, 2016 by No Comments

The Lord St. Oswald Large Cents – Final Installment

The Lord St. Oswald Collection contained 25 U.S. Large Cents, all dated 1794 except for a single, average-grade 1793 Chain Cent. The 1964 Christie’s sale offered 22 Large Cent; 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 were presented in groups of five coins over five installments (please see previous blog posts). This is the final installment in this fascinating story.

226346Lot 165 “U.S.A. cent, 1794 (Sheldon no. 71) – in mint state, die clashing as last

Analysis: This was one of three S-71s in the Lord St. Oswald Collection. The New York firm, Stack’s, purchased this lot for the equivalent of $1,736. Subsequently, the coin made the rounds of some great “name” collectors: Dr. E. Yale Clarke; Tom Morley; John W. Adams; Herman Halpern; R.E. “Ted” Naftzger, Jr.; and finally Walter J. Husak. Both Noyes and Breen considered this coin to be the second finest example known of the variety; it currently resides in a PCGS MS64+BN holder in the High Desert Collection. Interestingly enough, Walter Husak owned TWO of the Lord St. Oswald S-71s – in 2001, he purchased the finest known example (see the next lot) from Mr. Naftzger, then sold this coin off as a duplicate.

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 10/1964:165, $1,736 (620 British Pounds) – Stack’s – Dr. E. Yale Clarke Collection – Stack’s 10/1975:43, $7,000 – Gordon J. Wrubel – Dr. Robert J. Shalowitz – Robert Emmer (Penn State Galleries) – Del Bland – Tom Morley – John W. Adams Collection – Tom Morley – New England Rare Coin Auctions 1/1981:20, $13,500 – Kevin Lipton – Herman Halpern Collection – Stack’s 3/1988:103, $26,400 – R.E. “Ted” Naftzger, Jr. Collection, sold privately on 2/23/1992 – Eric Streiner, sold privately on 3/1992 – Denis W. Loring, sold privately on 4/22/1995 – Walter J. Husak Collection – High Desert Collection

1748Lot 166 “U.S.A. cent, 1794 (Sheldon no. 71) – in mint state and red, die clashing as last two

Analysis: This lot was easily the finest of the three S-71s in the Lord St. Oswald sale. Baldwin & Sons purchased the coin for the equivalent of $2,940, presumably on behalf of Dorothy Paschal, the next owner. From there, it went into her friend, Dr. William Sheldon’s collection, where it stayed until he sold his Large Cents, en masse, to R.E. “Ted” Naftzger, Jr. In 1992, Naftzger sold his “entire” collection of early date Large Cents to Eric Streiner, but this coin was not a part of the deal. Instead, it went to Walter Husak in 2001 as an upgrade of the second finest example (see previous lot). In 2008, Heritage sold this coin as a PCGS MS65RB for $253,000.

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 10/1964:166, $2,940 (1,050 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 in 2001 – Walter J. Husak Collection – Heritage 2/2008:2073 (as PCGS MS65RB 13470600), $253,000

Lot 281 U.S.A., Chain Cent, 1793, wide date head of Liberty right with flowing hair, rev. legend around chain reads AMERICA, no periods (Sh. 20) [editor’s note: this is actually an S-2], rubbed on the hair over Liberty’s ear, otherwise good very fine, rare

Analysis: In 1992, Christie’s sold “The Property of a Gentleman” held by the Nostell Priory. Though no mention was made of Lord St. Oswald, it was easy to deduce that they were from that source. Why they were not included in the 1964 sale is unknown.

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’s 2/1992:281, $18,375 – Alan Weinberg Collection

217882Lot 282 U.S.A. Liberty Cap Cent, 1794, bust of Liberty with “Amiable Face” right, rev. value in wreath (Sh. 30), rubbed on the high points, particularly Liberty’s hair above her ear and forehead, attractive problem-free surfaces, about uncirculated and rare thus

Analysis: By 1992, coin prices had advanced considerably over the nearly three decades since the 1964 sale. Lot 282, a choice Sheldon 30 sold for the equivalent of $13,895.64 — far more than any of the coins sold in 1964, including the Mint State 1794 Dollars. In 1995, Walter Husak purchased the coin for his expanding Large Cent collection, then sold it less than a decade later when he upgraded the variety. In its last appearance, this coin sold in 2013 as a PCGS MS62BN.

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’s 2/1992:282, $13,895.64 – Anthony Terranova, sold privately in 8/1995 – Walter J. Husak Collection, sold privately in 4/2004 – Paul Gerrie Collection – Goldbergs 2/2013:19 (as PCGS MS62BN), $23,000

112148Lot 283 U.S.A. Liberty Cap Cent, 1794, bust of Liberty right, rev. value in wreath (Sh. 57), rubbed on the high points, denticles flat where edge not fully struck up between 9 and 1 o’clock, good extremely fine and rare thus

Analysis: This was the fourth S-57 from the Lord St. Oswald Collection. Though it was not as nice as Lots 150 and 151 from the 1964 sale, it was still a substantial coin, and it was certainly better than Lot 152, a Very Fine example. This was another Husak coin, on its way to an upgrade, called NGC AU58 in 2003. Its most recent appearance was in the sale of the Dan Holmes collection, where it sold for $15,525 as a raw AU55.

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’s 2/1992:283, $8,421.60 – Eric Streiner – Superior Galleries 10/1992:69, $4,620 – Anthony Terranova – Chris Victor-McCawley, sold privately on 9/15/1997 – Walter J. Husak Collection – Superior 9/1998:1121, $7,762.50 – Superior 5/2003:380 (as NGC AU58), not sold – Chris Victor-McCawley & Anthony Terranova, sold privately on 1/9/2004 – Daniel W. Holmes Collection – Goldbergs 9/2009:92 (as Raw AU55), $15,525

There is one more coin that merits consideration. In 2004, Stack’s sold a 1794 S-31 Large Cent as lot 1056 with a pedigree to the 1964 sale of the Lord St. Oswald Collection (no lot number). This appears to be an incorrect citation, as there was no S-31s in either of the Christie’s sales.

This ends our discussion of the Lord St. Oswald coins. However, their travels are not over. They will move from collector to collector, from auction to auction, from one new steward to another, but we will continue to track them every time they reappear on the market. The Lord St. Oswald name will always be one of the most important pedigrees in numismatics.

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