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Lot
4057

1865 2C PR66 Red NGC. CAC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1865 Two Cent Piece, PR66 Red
Ex: 'Colonel' Green
1865 2C PR66 Red NGC. CAC. Plain 5. Identified on Eric Newman's envelope as Adams-Woodin 520 (Judd-408), the regular dies two cent piece, but struck in pure copper. However, NGC conducted elemental analysis that shows this piece is the normal bronze composition and, therefore, is a regular issue 1865 two cent piece. Historical records suggest a proof mintage of 500 pieces, although the actual production remains unknown.

The combined NGC and PCGS population in all grades totals 361 submissions, only 33% greater than for 1864. If the 1864 mintage of 100 pieces is correct, then the 1865 mintage might have been 133 proofs. If the 1865 mintage of 500 pieces is correct, then the 1864 mintage should have been 333 pieces. The real figures for both years probably fall between 100 and 500 proofs.

This lovely Premium Gem retains full, brilliant orange mint color with nicely mirrored fields and pristine surfaces showing no surface marks or spots. Slight mellowing of the fiery color is evident on the high points. Census: 6 in 66 Red, 0 finer (2/13).
Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $17.50; Eric P. Newman Numismatic Education Society.
From The Eric P. Newman Collection.(Registry values: N2998) (NGC ID# 274U, PCGS# 3629)

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