Lot Essay
Numismatic legend has it that in November, 1797, Benjamin Goodhue, a former member of the Continental Congress, purchased a bag of mixed-date 1796 and 1797 large Cents from the Philadelphia Mint. The bag was given to his daughters and eventually it found its way (perhaps through marriage) to the Nichols family of Salem, Massachusetts. In the early 1860's, one David Nichols of "Gallows Hill, near Salem" passed much of the hoard out to family and friends at face value. The Nichols Cents are thought to be struck on planchets from the first shipment ordered from Matthew Boulton of Birmingham, England, which arrived in America aboard HMS Adriana on April 26, 1797. This gives rise to speculation that many 1796-dated draped bust Cents were actually coined in 1797.