1877 1C MS66 Red and Brown NGC. In our catalog for the ...

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Sold on May 1, 2003 for:

$8,912.50 Bid Source: Live: Floor bidder

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Description

Gem Red and Brown Business Strike 1877 Indian Cent

1877 1C MS66 Red and Brown NGC. In our catalog for the January 2003 sale of the Joseph P. Gorrell Collection of Flying Eagle and Indian Cents, Rick Snow opines that the Mint's delivery of 852,500 Cents in 1877 may have included some coins dated 1876. It is also interesting to note that the Philadelphia Mint issued some 10 million Cents in 1877. The majority of these coins had been delivered in earlier years and, after making their way back to the Mint from bank stockpiles, were simply re-issued. (Such examples were not included as part of the mintage figures for newly struck coins.) With so many Cents to re-issue, it is little wonder that the Mint ceased production of new coins early in 1877.
Attractive and fully lustrous, this cherry-red Gem displays a smooth sheen from rim to rim. We are unable to find any distracting blemishes, be they carbon flecks or abrasions, and the strike is sharp in all but one or two isolated areas. The unflagging popularity and genuine condition rarity of this date virtually assures that this lovely Gem will see spirited bidding when it crosses the auction block in Long Beach.

Coin Index Numbers: (NGC ID# 2284, PCGS# 2128, Greysheet# 1345)

Weight: 3.11 grams

Metal: 95% Copper, 5% Tin & Zinc

View Certification Details from NGC