LOT #174 |
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1920-S 1C MS65 Red PCGS....
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Sold on Dec 4, 2008 for:
$34,500.00
Bid Source: Live: Phone bidder
Description
Important Red Gem 1920-S Cent
1920-S 1C MS65 Red PCGS. Ex: Joshua and Ally Walsh. Though the San Francisco Mint did not start production until the mid-19th century, a possible practice implemented there in 1920 may have had its origins in the desperate earliest years of coin production at Philadelphia. The use of undated reverse coinage dies (and when conditions deteriorated enough, dated obverse dies) between years was a firmly established practice in those times.Even though the Great War was two years in the distance by 1920, there remained substantial pressure on San Francisco to put out as many cents as needed with as few dies made as possible. David Lange, in his Complete Guide to Lincoln Cents, suggests that Mint economy led workers to use reverse coinage dies in multiple years, not discarding them even when their details had eroded beyond ready recognition.
The present Gem is well struck for its issue, which has proven to be among the most conditionally elusive in a series loaded with difficult and hard-to-find coins at the full-red Gem level. Though a degree of die erosion is noted at the obverse and reverse margins, the central devices are boldly impressed. Coppery-gold surfaces reveal just a few minuscule marks on Lincoln's face and in the upper reveres field, and three or four light obverse specks. These flaws are trivial in comparison to the coin's obvious and inspiring eye appeal. At the Gem level, the PCGS Population Report figures have not changed for three years. Population: 8 in 65, 0 finer (10/08).
From The Jack Lee Estate Lincoln Cent Registry Set.(Registry values: N4719)
Coin Index Numbers: (NGC ID# 22C5, PCGS# 2530, Greysheet# 1867)
Weight: 3.11 grams
Metal: 95% Copper, 5% Tin and Zinc
View all of [The Jack Lee Estate, Lincoln Cent Registry Set ]
Auction Info
2008 December Houston, TX Signature Coin Auction #1118 (go to Auction Home page)
Auction Dates
December, 2008
4th-7th
Thursday-Sunday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 4,052
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15% of the successful bid per lot.
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