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1857 1C PR66 ★ NGC....
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Sold on Jul 31, 2009 for:
$46,000.00
Bid Source: Internet bidder
Description
Memorable PR66 ★ 1857 Flying Eagle Cent
Tied for Finest Certified
1857 1C PR66 ★ NGC. The famous Flying Eagle cents of 1856
are well-known for certain key diagnostics that aid in their
attribution, including the O in OF on the obverse that has a
squared-off center. Between 1856 and 1857 the design of the Flying
Eagle cents was modified somewhat, making the interior an oval
rather than the previous square.The legions of Flying Eagle and Indian Head cent fans know that, while the 1856 Flying Eagles are far and away the most popular issue in the series--whether business strike or proof--the 1857 proof is among the rarest issues. In his just-released second edition (2009) Guide Book of Flying Eagle and Indian Head Cents, series specialist Richard Snow writes of the proof 1857s:
"Proof examples are very well struck and have very deep mirror fields. These are some of the most beautiful Flying Eagle cents made. All Proof 1857 cents come from the Type of 1857 dies. A few prooflike examples of the Type of 1856 design are known, and can be confused as Proofs. Some have even been mistakenly certified as Proofs.
"The Proofs are much rarer than the published mintage suggests. The Red Book lists an estimated mintage of 485 pieces; however, nowhere near those numbers are known today. Perhaps no more than 50 pieces were struck. Unimpaired specimens in PF-63 or higher are easily five-figure coins. Needless to say, this is one of the toughest dates in the series."
The present Premium Gem proof is one of the few finest survivors of this extraordinarily rare issue. There is incredible depth to the field mirrors, along with some slight, unacknowledged cameo contrast. Delightful, even reddish patina appears over each side. Strong magnification is needed to reveal the minor planchet granularity and a couple of microscopic flakes on the flan. This piece is tied for numerically finest at NGC with a single PR66 ★ Cameo (6/09). PCGS has certified only a single Premium Gem proof, a PR66 Cameo. A memorable coin for the finest collection.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 227B, PCGS# 2040, GSID# 15314)
Metal: 88% Copper, 12% Nickel
Weight: 4.67 grams
Weight: 0.14496oz
Mintage: 485
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 4,277
Buyer's Premium per Lot:
15% of the successful bid per lot.
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