1888 1C MS67 Red PCGS....

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Sold on Apr 30, 2009 for:

$46,000.00 Bid Source: Live: Floor bidder

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Memorable 1888 Indian Cent, MS67 Red
Single Finest Certified

1888 1C MS67 Red PCGS. This is the one and only Superb Gem 1888 cent certified by either grading service. The PCGS Population Report documents the nearest contenders as 12 examples graded MS66 Red. NGC shows two coins in MS66 Red, with none designated finer. Interestingly, the PCGS population of 12 pieces in MS66 Red, one in MS67 Red, and none finer (3/09) has not changed in more than five years. Taking the population data into consideration, it goes without saying that the current offering is the finest example of this date ever auctioned by Heritage. The last PCGS-certified MS66 Red cent to cross our auction block was in our January 2006 FUN sale, and that coin realized $16,100 with the buyer's premium. Exactly three years before, we sold another MS66 Red PCGS coin, that one netting $8,337. The upward trend of premium quality Indian cents has been consistently strong and, given the supply versus demand factor, can only continue.
Each side is perfectly balanced in color and overall appearance. The centers are light orange-red with tinges of jade; deeper red appears around the margins. The only mark worthy of note is a tiny planchet flaw on the right reverse field, inside the wreath. The strike is just a bit soft on the tips of the headdress feathers. Some old clash marks are lightly visible on the reverse. Certified in a green-label holder. Considering the stagnation of the population data, the "finest certified" status of this coin, and its unparalleled technical quality and aesthetic beauty, we predict fierce bidding activity and a memorable hammer price.
From The Joseph C. Thomas Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 228G, PCGS# 2168, GSID# 1382)

Metal: 95% Copper, 5% Tin & Zinc
Weight: 3.11 grams
Weight: 0.10422oz
Mintage: 37,494,414

View all of [The Joseph C. Thomas Collection, Part Two ]

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