1786 VERMONT COPPER -
PCGS No: 551
Rarity: Very Scarce
Breen 715, Crosby 2-A, Breen-Bressett 8-G
This was the only use of the obverse die.
This was the only use of
the reverse die.
Breen called this variety
"R-5" in the 1975 EAC Pine Tree Sale. Bressett estimates
the number extant to be 60-70 pieces. The true number is probably
closer to 100 or more (a Vermont specialist once showed me over a dozen
nice examples of this variety).
On the surface, Bressett's
Condition Census of 20-12 appears to be somewhat low. The
principal objections to the Census are raised by collectors who own some
nicely detailed early states. Almost invariably, however, the
Ryder 10 comes with significant detractions such as planchet voids,
granularity, porosity, undersized planchets, poor centering, etc.
The Ryder 10 is seldom found nice and examples on glossy, brown
planchets are incredibly rare. Thus, Bressett's average grade of
12 for the second through the sixth finest known examples is reasonable,
although the finest known example would probably have a net grade in the
Observed weight range:
101.6 to 123.2 grains
Early examples show strong legends and reasonably sharp design details
(see Bressett plate coin). Well struck early examples infrequently
show a single wheat sheaf on the reverse (see Picker and EAC '75).
Late states show a fin crack running upwards from the E in VERMON into
the left obverse field. Design definition suffers on later issues.
Images courtesy of Ron Guth
Sources and/or recommended
"Copper Coins of Vermont" by
"The Colonial Coins of
Vermont" by Hillyer Ryder
Coinage" by Kenneth Bressett (Chapter 11 in "Studies on Money in Early
America" by Eric P. Newman and Richard C. Doty)
Breen's Complete Encyclopedia Of U.S. And Colonial Coins" by Walter