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Lot
4269

1872 1C MS65 Red PCGS. Only four million 1872 Indian ...

2004 Orlando, FL (FUN) Signature Sale #336

 
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Offers to date: $20,700 on October 2, 2010
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Auction Ended On: Jan 8, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Scarce Full Red Gem 1872 Indian Cent
1872 1C MS65 Red PCGS. Only four million 1872 Indian cents were originally struck, and while many pieces entered circulation extensive melting seems to be the primary factor in explaining the absolute and condition rarity of this date. According to Richard Snow (1992), the Mint redeemed vast quantities of earlier cents in the 1873-1875 era. These coins were melted to provide copper for additional cent deliveries in those years. As a result, this issue is generally not available in Gem condition and with full red color. The obverse of this piece shows pinpoint striking details, while the reverse is slightly soft on the shield and several of the leaves on the left side of the wreath. Full, glowing, unmellowed mint red color is seen over each side of this lovely, original semi-key issue. Population: 11 in 65, 2 finer (10/03).
From the Richard Collection. (#2105) (Registry values: P9, N23130) (NGC ID# 227W, PCGS# 2105)

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