1794 Half Dime J-15, P-19, R.8 AU55 NGC 943930-3 ~ Extremely Rare and Important!

Description

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1794 Half Dime J-15, P-19, R.8 AU55 NGC 943930-3 ~ Extremely Rare and Important!
A. Pollock III subdivides the older J-15 designation into two classifications, Pollock-19 and 20. The present coin is one of just two known examples of P-19. The 1794 H10c was the first coin of this denomination struck at the U.S. Mint. Both examples of P-19 are true die trial pieces. It’s likely that the P-19 coins were struck in early 1795. Both examples are very well preserved, with the present coin certified as AU55 by NGC, and the other grading MS64BN. Pollock notes that R. Coulton Davis regarded these pieces as pattern mills. His theory that Davis might have attributed the coin based on weight and composition is ingenious, but further research uncovered a different source for the attribution. A description of a lot in the Mickley Collection (Woodward, 10/1867), explains Davis' attribution: "2138. Pattern Mill, or tenth of a cent, 1794, copper, struck from the dies of the 1794 Half-Dime, fine and excessively rare, possibly unique." The whereabouts of the present example prior to its appearance in Auction '85 has puzzled researchers for the last century. The purchaser of lot 2138 was Col. Mendes I. Cohen. At the sale of the Cohen Collection (Cogan, 10/1875), lot 384 is described as "1794 Half Dime. Copper. Trial piece. Exceedingly rare. Fair." The lot was purchased by Jules Fonrobert, who sold his collection in 1878. Extensive research has failed to turn up any further appearances of this coin until it surfaced in Auction '85. The coin seems to have gone overseas in the early times and returned after a lengthy hiatus. The present offering is incredibly important, as the coin may not appear on the market again for years. The strike is strong for a coin of 1794, with only a little softness on the eagle's breast. The surfaces are a lovely chocolate-brown and have a minimum number of abrasions for the grade. There is a small rim bruise above the B in LIBERTY. Excellent eye appeal and fascinating history combine in this nearly unique pattern from the earliest days of the Mint.
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