- August 6, 2015
One of the many highlights of the PCGS-certified Reynolds Collection is the finest known 1793 Lettered Edge Wreath Large Cent (S-11b), graded PCGS Secure MS62 BN. (PCGS TrueView image.)
Graded PCGS Secure MS66 RB, this 1810 Large Cent (S-285) from the Reynolds Collection is the finest known and the only red brown example graded by PCGS. (PCGS TrueView image.)
The early date (1793 – 1814) United States large cents collection of well-known early American coppers collector and dealer, Tom Reynolds of Nebraska, has been certified for authenticity and grade by Professional Coin Grading Service (www.PCGS.com) with PCGS Secure™ Service.
The collection includes the finest known 1793 Lettered Edge Wreath cent, Sheldon 11-b, and coins from famous old-time collections such as Brand, Low, Naftzger and Sheldon.
"This is an amazing collection of over 400 historic, high-quality coins from the early years of the Philadelphia Mint. Mr. Reynolds started assembling this impressive collection back in 1966," said PCGS President Don Willis.
"The Gold Shield PCGS Secure™ insert labels for these coins feature the "Reynolds Collection" and also indicate the coin's corresponding Sheldon reference number denoting its specific variety. Significant pedigrees, such as coins that previously were in the famous Naftzger Collection, are also noted on the insert labels," explained Willis.
"It was my great pleasure to view and research the amazing cents in Tom's collection," said PCGS Co-Founder Gordon Wrubel who is Early American Coppers club member #19.
"I became aware of my fellow EACer in the late 1960s. I have interacted with this mild mannered and very knowledgeable dealer over many years. I knew he was putting some cents aside for his 'collection.' Over the years it was rumored that Tom was the 'King of 1798s.' When I saw the scope and quality of his set, I can say that his 'crown' extends to many other dates as well."
Some of the coins will be displayed by Ira & Larry Goldberg Auctioneers at the American Numismatic Association World's Fair of Money in Rosemont, Illinois, August 11 – 15, 2015, and at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo, September 17 – 19.
All the Reynolds Collection early date large cents now certified by PCGS will be offered in a series of auctions conducted by the Goldbergs starting in January 2016. They estimate the combined value of the collection at $10 million to $20 million.
"In reviewing Tom's collection, I was impressed by the scope, depth, and quality of his coins. I knew Tom had a collection apart from his business, but I was surprised to see how many jewels he had put away," stated Ron Guth, President of PCGS CoinFacts (www.PCGSCoinFacts.com), the Internet Encyclopedia of U.S. Coins.
"This collection is loaded with Top Pops, Finest Knowns, plate coins from numerous references such as Penny Whimsy, the Breen Large Cent Encyclopedia, Noyes, and so on. Some of the pedigrees represent an extensive trip in time through some of the greatest collections ever assembled. The Large Cent Collectors are going to have a field day with this one," predicted Guth.
Highlights of the recently certified coins include:
- 1793 Letter Edge Wreath cent, S-11b, graded PCGS Secure MS62 BN, the finest known. Previous owners include Col. James W. Ellsworth, Wayte Raymond, Dr. William H. Sheldon and R.E. "Ted" Naftzger.
- 1794 Head of 1794 S-28, PCGS Secure MS66 BN. It was found in a Pennsylvania hotel more than a century ago and became the plate coin for both Noyes and Walter Breen's Large Cent Encyclopedia. Previously in the collections of Lyman H. Low, Carl Wurtzbach, Virgil M. Brand, Harold Bareford, Herman Halpern, and Naftzger among others.
- 1798 Second Hairstyle S-182, graded PCGS MS63 BN, discovered in 1954 and previously in the collections of Dorothy Paschal, Sheldon, and Naftzger among others.
- 1798 Second Hairstyle S-186, graded PCGS Secure MS64 BN, the finest known. This is the Penny Whimsy plate coin and the only Mint State example known.
- 1801 S NC-1, graded PCGS MS 64 RB, the finest known and only Mint State example known. Pedigrees include the Essex Institute, Naftzger, Eric Steiner and Jay Parrino.
- 1810 S-285, graded PCGS MS66 RB, the finest known and the only red brown example graded by PCGS.
All coins certified through PCGS Secure Service now include a free PCGS TrueViewSM high-resolution digital photograph of the coin.
Professional Coin Grading Service was founded in 1986 by distinguished numismatic experts, and now has offices in California, Shanghai, Hong Kong and Paris. PCGS experts have certified over 30 million coins with a total market value of over 29 billion dollars. PCGS represents the industry standard in third-party certification, and is a division of Collectors Universe, Inc. (NASDAQ: CLCT).
For additional information about PCGS Secure services, call 800-447-8848 or email [email protected].
Article provided by PCGS at www.pcgs.com