UNCIRCULATED 1796 DRAPED BUST CENT
Cent, 1796, draped bust (Sheldon 119, rarity 3), some tiny flecks noted, otherwise choice uncirculated, glossy tan surfaces, diagnostic die break from rim through 1 and 7 of date, Liberty's lowest hair curl, and to rim again, probably a Nichols Hoard specimen

Details
Cent, 1796, draped bust (Sheldon 119, rarity 3), some tiny flecks noted, otherwise choice uncirculated, glossy tan surfaces, diagnostic die break from rim through 1 and 7 of date, Liberty's lowest hair curl, and to rim again, probably a Nichols Hoard specimen

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.