I'm breaking out of a very long slump wherein I was repeatedly sniped in my attempts to add to my collection of R5 Varieties. Last week, I purchased an attributed S-183, my third lifetime and second at this time. I posted a question which drew little interest. I just got this tonight. It has a small hole which probably helped keep most collectors from giving it a second look. But it is my second S-142 and about $150 cheaper than my last. It is the rarer of two varieties which use the same obverse and is the first use of the second style of lettering. The other is a stemless reverse and draws more attention and interest. Each of these are estimated to have 31-45 known surviving examples. There have been 9 sales of this variety in their history. As I was telling a rookie on another thread, rarity isn't everything when it comes to value, but I like it.
I just missed out on one with a bit larger hole. http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=221073966303 Believe it or not, this too can be attributed. It is the S-100 R5+ but If I had won this as well it might be too much to ask. I am grateful for what I won.
You have a good eye for the R5's, I find the photos on eBay are too far gone or the lighting is bad. Congratulations on the recent addition Marshall.
Nice catch Marshall. Always nice to pick up an R5+. (R5+ is only a few steps away from NC). Haven't done too many like that, but I was thrilled when I was able to pick up this S-124 not long ago.
This is a tough one in lower grades since the only difference I can see between the S-124 and the common S-138 is the denominator spacing. Both obverses appear nearly the same in low grades as well. I either missed this one or was bidding against you. Again, congratulations on the pickup.
I don't have my Breen right now with me (I am 9000 miles away from home), but if I remember correctly there are two features which distinguish the common S-138 from the rare 124. One of them is the placement of the leaves below the "M" in America. Interestingly, the recent 2012 EAC auction had two 124's for sale (I think, however, this one is at least as good, or better than those - so I'm happy).
Marshall, what did you make of what appears to be a major die crack from the rim through the E on that piece? It sure LOOKS like a heavy die crack but I can't find any references to a 1796 DB with such a crack in any die state.
"One of them is the placement of the leaves below the "M" in America. These distinguish the two from other 1797s, but are almost identical to each other. The only other distinguishing item I can find is a slightly different spacing at the bottom of RI with the S-124 being more distant and the S-138 closer together.
I immediately looked for that very thing and found no prior reference to such a crack either. I think it needs to be seen in hand to verify it's a crack and not PMD. But it could very well be a new terminal die state since there is no subsequent pairing of the reverse. I wish I had bid higher now. Too bad the break above STATES OF can't be seen due to wear and damage. Maybe this break was the final straw leading to it's replacement.
It you have used the leaf below M to get you down to S-124 or 138 look at the position of the gap between the ends of the wearth compared to the serif of the S. On 124 the gap is below the serif of the S. On the 138 it is below the gap between the ES.