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5056

1856 1C PR66 PCGS. Snow-5. Although Snow-5 shares the ...

2004 March Portland, OR Signature Sale #344

 
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Auction Ended On: Mar 25, 2004
Item Activity: 4 Internet/mail/phone bidders
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Location: Portland, OR
Description:
Premium Gem 1856 Flying Eagle Cent, Important Snow-5 Variety
1856 1C PR66 PCGS. Snow-5. Although Snow-5 shares the same reverse as the more available Snow-9 variety, the obverse die is different, and it features a mint-made point from the base of U in UNITED. The 1 in the date is centered between denticles, unlike Snow-9 which has the 1 centered above a denticle. Rick Snow in his Flying Eagle & Indian Cent Attribution Guide, 2nd Edition, Volume 1, 1856-1858 (2001) states that he believes the entire production of Snow-5 "traces its source to a hoard of up to 35 pieces that was kept intact since their striking." He also opines "it is now believed that coins from this die pair are some of the first examples of the 1856 Flying Eagle struck." Snow-2, 4, 7, 8, and 9 all share either the obverse and reverse die, and are believed to be struck later. The Gem status of this razor-sharp coin is irrefutable, and the luminous lemon, orange, and ruby-red surfaces are virtually as made, though to us the coin's frosty, cartwheel luster makes it look more like a circulation strike than a proof. Traces of a fingerprint fragment above the date prevent an even higher grade. (#2037) (Registry values: N10218) (NGC ID# 227A, PCGS# 2037)

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