1923-S 1C MS65 Red PCGS....
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|Auction Ended On:||Apr 29, 2010|
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The Midwest Airlines Center
None Certified Finer
Depressed mintages alone, however, do not account for this issue's condition rarity. In many cases, coinage dies were pushed far beyond their practical life, and as Lange notes in his Complete Guide to Lincoln Cents, "Mushy coins struck from worn dies are the rule for 1923-S. One or both sides will usually exhibit extreme erosion of the dies ..." Coloration can also be a mixed bag, and many examples, even Mint State ones, show unappealing dark brown shadings. Lange further comments that "Finding a problem-free, well-struck and appealing 1923-S cent is all but impossible."
One of the few survivors to defy the odds is offered here. Though it shows slight softness on the portrait, the overall level of detail is undeniably above-average, particularly on the lines of the wheat ears on the reverse. Its immensely lustrous, unturned copper-orange surfaces offer wonderful eye appeal. Carefully preserved and an absolute delight, conditionally rare and unsurpassed; neither NGC nor PCGS has certified a numerically finer Red representative (3/10).
Ex: Jack Lee Estate Lincoln Cent Registry Set (Heritage, 12/2008), lot 180, where it realized $19,550.(Registry values: N2998) (NGC ID# 22CB, PCGS# 2548)
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