DescriptionHB-96 EP-12 Reed-DO01 1¢ Dougan Extremely Fine.
The case is an extremely attractive XF, although it does have some minor scratches that underline the text. They have blended perfectly over the years and are all but invisible. The stamp is reasonably bright and very nicely centered. The mica has a tiny crush mark near Franklin's chin that has unfortunately absorbed some circulation dirt and turned into a brown spot. The One Cent Dougan is considered an R-7 by Reed (eleven to fifteen known), a number that everyone seems to agree is about accurate. The Hodder-Bowers reference feels that the 1¢ is represented by "fewer than ten" pieces. Our feeling is that ten is about right. Fred Reed's 104-year auction census shows 40 appearances of One Cent Dougans, which is exactly the same as the Three Cent.
From The Honorable William H. Kelly Collection
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