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Lot 350 |
1877 1C PR67 Red PCGS....
2009 February Long Beach, CA Signature US Coin Auction #1122
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$97,750.00
(includes BP  ) Bid Source: Mail/Fax |
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| Make Offer: |
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| Auction Ended On: | Feb 5, 2009 | |
| Item Activity: |
9 Internet/mail/phone bidders
6,732 page views |
Description:
Essential 1877 Indian Cent, PR67 Red
One of the Two Finest at PCGS
1877 1C PR67 Red PCGS. It was in July-August 2008 that Heritage had the privilege of handling the wonderful Estate of Robert R. Rollins Collection, Part Three, containing many finest known and near-finest known Indian cents. Although that legendary collection was superb in every sense of the word, the proof 1877 Indian cent that it contained was a PR66 Red--one of 11 coins so certified at PCGS, with but two coins finer (Heritage, 7/2008, lot 1547).The present piece is one of the two finer specimens.
The population data, six months later, are unchanged, and to collectors familiar with the series, it need not be said that collecting top-grade proof Red Indian cents is hardly for the faint of heart. As of this writing, there are 27 different collections listed in the PCGS Set Registry for the Indian Cents Basic Set, Proof (1859-1909) collection. Without going into the minutiae of this set versus that set, it becomes obvious that, with only two PR67 Red PCGS coins certified, this piece would provide an upgrade for nearly every one of those sets! (Because of the way PCGS provides bonuses for Red, Cameo, and Deep Cameo, a PR65 Red Cameo is worth one more grade point than this PR67 Red non-Cameo coin.)
A further indication of the desirability of this issue is the points PCGS awards for any example of the date. While most of the difficult proof issues of the 1860s and 1870s are worth from three to five points, the 1877 in any grade is worth a whopping eight points on the PCGS Set Registry!
This is a breathtaking proof Indian cent, regardless of date, and it is truly memorable for an 1877. Each side has bright orange-red color with just the lightest splash of lilac on the reverse. The surfaces are absent the usual contact marks seen on proof Indian cents. The only "defect" we see on this magnificent coin is slight softness of strike at the tips of the top two feathers in the headdress.
For either the dedicated, hardcore Registry Set collector or the collector who simply demands the finest key-date coins available, this coin could well be considered an essential acquisition. Population: 2 in 67 Red, 0 finer (12/08).(Registry values: N10218) (#2320)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 336, Lot 4388 | Saturday, January 10, 2004 | 67 | PCGS | $47,150.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 66 | --- | $17,810 | $14,250 | $12,500 | $13,000 | $18,500 | $27,500 |
| 67 | --- | $73,130 | $58,500 | $45,000 | $50,000 | $67,500 | --- |
| 68 | --- | --- | --- | --- | --- | --- | --- |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 900 | James B. Longacre | ||||
| NGC | 67 | 1 | 0 | 25 | - | ||
| CAC | 67 | 0 | 0 | 4 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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