Photo Denom Date Grade TPG Variety GFRC Rating Price Description Buy
Seated 10C 1840 Seated 10C 1840
With Drapery 		EF45
 PCGS
39650390 		F-101
 Choice SOLD
$1875 		With Drapery Type, Choice Original, Massachusetts Collection.. 1840 brought the final year of the beloved Gobrecht No Drapery design and a transition to the new With Drapery Sully/Gobrecht design towards the end of year. Few of the new design type were saved by East Coast collectors. As a result, the 1840 Drapery design is very scarce in circulated grades and rare in Mint State. The CAC population exemplifies this as the current census 32 pieces. Nearly all are clustered at the VG10 through EF40 grades. Bidders should seriously consider this EF45 specimen that has been approved with no AU50/AU53 examples stickered. Natural deep gray patina reveals embedded orange under a bright light. Surfaces are unabraded and quite pleasing. The Massachusetts specimen is the second of the two CAC EF45 examples handled by GFRC with this lot being the superior of the two and deserving aggressive bidding. Housed in PCGS Gen 6.1 (2020-2025) holder with CAC approval. PCGS #4578. December 1969