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Lot
5156

1877 1C MS65 Red NGC. A shortage of copper resulted in ...

2004 July New York, NY Signature Sale #320

 
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Auction Ended On: Jul 20, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: New York, NY
Description:
Rare Gem Red Uncirculated 1877 Indian Cent
1877 1C MS65 Red NGC. A shortage of copper resulted in the mint's limited production of Indian Cents in 1877. A paltry total of 852,500 pieces were struck, and, while the final-year 1909-S has a lower mintage (309,000 pieces), the '77 is the undisputed key to this widely collected series. It seems likely that while the 1909-S survived in sufficient numbers (thanks to heightened public awareness of numismatics in the early 20th century), most examples of the 1877 production entered economic channels. Not so with the present Gem, whose surfaces are smooth with virtually no blemishes to report. Both sides are aglow with rich orange-red luster, and the strike is bold in most areas. A little softness of detail is noted on the obverse at the tips of the feathers in Liberty's headdress. For future identification, a small mark resembling a lintmark is visible in the left obverse field under the A of STATES.
From The Sarasota Collection. (#2129) (Registry values: N7079) (NGC ID# 2284, PCGS# 2129)

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