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Lot
3926

1859 DT1C Indian Cent, Judd-230, Pollock-274, High R.6, Fine 12 NGC....

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:
1859 Indian Cent Pattern, Proof 12
Judd-230, 100% Copper
1859 DT1C Indian Cent, Judd-230, Pollock-274, High R.6, Fine 12 NGC.
Design.
The regular design for the first-year Indian cent without the shield on the reverse. The reverse features a laurel wreath with a mixture of five-leaf and six-leaf clusters. Struck in copper with a plain edge.

Commentary. A rather remarkable piece that really should not exist, except for an anonymous and sharp-eyed late 19th or early 20th century numismatist who spotted this piece in circulation and saved it for future collecting generations. According to the NGC analysis, this well-circulated Indian cent was struck in 100% pure copper, compared to the usual composition consisting of 88% copper and 12% nickel.

Physical Description. Reddish-tan and olive-brown surfaces suggest that this piece was cleaned long ago, and has since toned to a natural patina after decades in the accompanying paper envelope. Myriad circulation marks appear on each side with a small reverse rim disturbance at 7 o'clock.

Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $12.50; Eric P. Newman Numismatic Education Society.
From The Eric P. Newman Collection. (PCGS# 11944)

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