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Lot
4130

1888/7 1C AU58 PCGS. CAC. Snow-1, FS-301....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 11 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1888/7 Indian Cent, Problem-Free AU58
1888/7 1C AU58 PCGS. CAC. Snow-1, FS-301. The rarity of the overdate 1888 cent is underscored by the fact that a roster has been published of known examples. In Rick Snow's reference on the series from 1870-1889, he lists this as the #7 example.

The overdate feature was not discovered until 1970 by Jim Ruddy. In a now well-known story, he kept the two pieces he found in a Virginia estate while searching for others. None appeared. Once the overdate was featured in Coin World, the publicity only brought out a Good 4 piece. Today it is believed that fewer than 30 pieces are known in all grades. This die pairing was apparently short-lived because of a die cud located at 9 o'clock, a diagnostic on all examples. In-person inspection shows the die cud clearly, but it is somewhat obscured (and may not be evident on photos) because of the PCGS tab.

Like the other pieces in this perfectly matched AU58 set, this piece shows just the slightest high-point friction. The surfaces are mostly brown, but there is an interesting underlying speckling of mint red evident when closely examined. There are no obvious or detracting marks on either side of this attractive, problem-free overdate. Population: 3 in 58, 1 finer (3/13).
From The Malibou Lake Collection.(Registry values: P10) (NGC ID# 228G, PCGS# 2169)

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