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1861 1C MS67 PCGS....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 29, 2010
Item Activity: 8 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

Outstanding 1861 Copper-Nickel Indian Cent, MS67
1861 1C MS67 PCGS. The surfaces are exceedingly lustrous and spot-free, almost perfect. The strike is just short of complete, being a trifle soft at the tips of the first three feathers in the headdress, and the light tan obverse color takes on a slightly deeper hue on the reverse. The 1861 had the lowest mintage in the brief copper-nickel Indian type, even though 10 million pieces were produced. During the Civil War, coinage was very scarce and coinage substitutes were used, such as tokens and encased postage. Even though the copper-nickel cents had little intrinsic value, they were sometimes bundled in quantities of 10 to substitute for a dime or 100 to substitute for a dollar. As a result, few examples survived in superb condition. Population: 10 in 67, 1 finer (3/10).(Registry values: N2998) (NGC ID# 227G, PCGS# 2061)

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