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Lot
2065

1861 1C MS68 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 12 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Singular MS68 1861 Cent
1861 1C MS68 PCGS. The first small cents were struck in an alloy of 88% copper and 12% nickel, but the combination did not last long; after the two years of official Flying Eagle cent production came to an end, the replacement Indian cent design saw only five years of copper-nickel cent production and part of a sixth before the Mint made the change to a bronze alloy for the cent, mirroring developments among the cent-sized tokens created by private individuals during the Civil War.
As of (3/09), in the combined certified populations of NGC and PCGS, for the entire Indian cent series, there are only six coins graded as MS68 across all designations, three certified by each service. Five of those pieces were certified as MS68 Red, indicating that they were struck in the bronze alloy. The last is this PCGS-graded example from 1861; it is the only copper-nickel cent so graded by either service, and as such, its appearance on the marketplace presents an important opportunity for the series enthusiast.
This survivor, housed in a green label holder, has pale mahogany surfaces with ample peach overtones and occasional hints of lilac. The strike is bold, with all four diamonds on the ribbon plain, and the surfaces are absolutely smooth; to find any flaws, magnification is virtually a must. In sum, a copper-nickel cent of singular quality and beauty, sure to be treasured by its next owner.
Ex: The Gorrell Collection of Flying Eagle and Indian Cents (Heritage, 1/2003), lot 4415.
From The Joseph C. Thomas Collection.(Registry values: N1) (NGC ID# 227G, PCGS# 2061)

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