1788 1C Colonial Massachusetts with Period NGC MS66BN

1788 1C Massachusetts Cent, Period, Ryder 8-C, W-6260. Ex: Hanson. A spectacular Premium Gem Ryder 8-C example, believed to be the finest known. Lustrous, glossy surfaces exhibit soft olive-brown toning, with subtle reddish hues throughout. The design elements are boldly impressed, with the central shield being of particular sharpness.

These dies are attributed to Jacob Perkins, as evidenced by the closed S punch used for the reverse. Perkins was only 22-years-old when the Commonwealth contracted with him for coinage dies, in exchange for payment equal to one percent of all the coins struck using his dies. Over the life of the Mint, it is estimated that Perkins received just three pounds, 18 shillings in payment for his dies, this compared to an estimated 48 pounds, 12 shillings paid to Joseph Callender.

Ex: Donald Partrick Collection. Earlier, Jon Hanson Collection (6/2002).