Pre-Long Beach Auction #84

1803 S-264 R4+ Large Date, Small Fraction Fair-2. Slightly sharper but there are a few dozen small pits scattered over the obverse. No verdigris but the remainder of the planchet is covered with microscopic granularity under attractive glossy medium chocolate brown and steel toning. The only contact marks are a scuff of shallow scratches from the rim at the top of the obverse down into the hair where they fade away. The date is complete and easily readable although the 3 is weak. The rim is wearing into the legend on the reverse and the denominator of the fraction is gone, but the numerator is still visible. LDS, Breen state III, with a raised retained cud break obliterating STA. An easily attributable example of this very tough "Redbook" variety.
Estimated Value $2,500-UP.