1878-P VAM-14.7 Flake on Ear

Discovered by Martin Field, October 1879.

This coin is a Hit List 40 Morgan Vam.

14-7 I1 7 · A1 c (Dot next to Ear) (189) I-2 R-4
Obverse I1 7 – Doubled first five stars on right and first four on left towards rim. Slightly doubled date with 1 doubled below upper bar, both 8's doubled at top inside of both loops, and 7 doubled below crossbar and on right side of vertical shaft. Die flake next to ear at top right outside.Radial die crack on right side of 1.
Reverse A1C - Letters in UNITED doubled strongly on top and bottom. STATES OF AMERICA letters doubled at bottom. ONE DOLLAR letters doubled at top. Left wreath strongly doubled. Three small feathers added on eagle's right and two on eagle's left side between leg and bottom of wing.

Comments:
1- This is an 8TF variety. The A1c reverse is shared by VAM's 3, 4, 5, 14-6, 14-7, 14-11, 14-12, 14-14, 14-17, and 14-18. All but VAMs 3 & 4 are major rarities.
2- Ultra-rare with only 7 confirmed examples (the recently released 8TF Population report lists about a dozen, but would double-count coins crossed to PGCS from other services). Oddly, all reported specimens except one are mint state. Since the early 8TF dies were notorious for quickly cracking, it is easy to surmise that the 14.7 obverse die was taken out of production and all coins struck were removed to study the cracking and thus never released into circulation. To solve the problem, design changes were eventually made to lower the relief and widen the rims, and subsequently extended the die life. VAMs 14-17, 14-12, and then 14.7 are considered by Michael S. Fey, Ph.D., to be the first obverses used with the A1c reverse.

Threads:
1- http://www.vamworld.com/share/view/75791555
2- http://www.vamworld.com/message/view/home/60076444

No LVA Plate Photo:

Additional photos:

Die Flake next to Ear
1878_8TF_VAM_14_7_Flake_On_Ear.jpg

Radial die crack:
1878_8TF_VAM_14_7_Crack_by_One.jpg

Die chip under the eye.
1878_8TF_VAM_14_7_Eye_Chip.jpg

The early die state shows the beginning of a radial die crack by E PLURIBUS from the rim.
1878_8TF_VAM_14_7_Crack_by_E.jpg
VinCar_1878_P_10.jpg

VinCar_1878_P_11.jpg

2 Sets of Large Full Coin Copyrighted© VAM-14.7 Images on loan to VAMworld courtesy ©Heritage Auctions ATTRIBUTED BYVariety_Slabbing_Service.jpg
1st set are the PLATE images and the 2nd set is the coin of the plate.
1878_RonH_VAM-14.7_OBV_PLATE_04242011.jpg
1878_RonH_VAM-14.7_REV_PLATE_04242011.jpg
1878_RonH_VAM-14.7_OBV_COIN_04242011.jpg
1878_RonH_VAM-14.7_REV_COIN_04242011.jpg

Ex: Leroy Van Allen PCGS PL 62. Sold from Heritage Auctions for $13,800.00, Apr 17, 2008 2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104
1878_RonH_VAM-14.7_LVA_PL62._OBV.jpg
1878_RonH_VAM-14.7_LVA_PL62._REV.jpg

From Heritage's auction archives another here



Price History:
Heritage Auction Archive 2013
PCGS MS 64 DMPL Attributed 5-7-10 Heritage auction March, 2010 TOP POPULATION TO DATE
PCGS MS62PL - $13,800 (Van Allen Pedigree) - April, 2008 Heritage
PCGS AU58 - $6,300 - December, 2008

Condition Census:
TPG
Variety
Designation
Total
1-3
4-6
8-10
12-15
20-35
40-45
50
53
55
58
60
61
62
63
64
65
66
67
68
69
70
Date
PCGS
8 TF VAM-14.7 HITLIST 40
MS
3
0
0
0
0
0
1
0
0
0
1
0
0
0
1
0
0
0
0
0
0
0
5/2010
PCGS
8 TF VAM-14.7 HITLIST 40
MSPL
5
0
0
0
0
0
0
0
0
0
0
0
0
3
2
0
0
0
0
0
0
0
5/2010
PCGS
8 TF VAM-14.7 HITLIST 40
MSDMPL
2
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
0
0
0
0
0
0
5/2010
NGC
8 TF VAM-14.7 HIT LIST 40
MS
3
0
0
0
0
0
0
0
0
0
0
0
0
1
0
2
0
0
0
0
0
0
5/2010
ANACS
8 TF VAM-14.7 HITLIST40
MS
1
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11/2015
ANACS
8 TF VAM-14.7 HITLIST40
MSDM
3
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
5/2010
ANACS
8 TF VAM-14.7 HITLIST40
MSPL
1
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
5/2010
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