1870 1C MS66 Red PCGS....

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1870 Indian Cent, MS66 Red
Conditionally Challenging

1870 1C MS66 Red PCGS. Shallow N. The Mint introduced a new reverse hub for the Indian cent in 1870 that is characterized by a bold N in the word ONE. Many of the old, Shallow N dies were rehubbed--a fact that explains why there are so many doubled die varieties for this issue. Snow reports that Shallow N 1870 cents are "much scarcer" than their similarly dated Bold N counterparts.
The present Premium Gem is also important because it is a Condition Census survivor of this low mintage (5.2 million pieces), conditionally rare date. Only four MS66 examples have appeared at public auction (according to our records), all between 2002 and 2006. This piece is sharply struck throughout, and the surfaces are aglow with orange-red hues. Even brighter suggestions of pale orange color are noted at the upper right obverse border and at the lower reverse rim. We cannot, however, find more than one or two tiny carbon flecks, none of which are distracting. This is a lovely Indian cent, irrespective of the date. PCGS reports only four examples in MS66 Red and none finer, whereas NGC has yet to certify a single coin above the MS65 Red level (4/09).
Ex: Joseph P. Gorrell Collection (Heritage, 9/2002), lot 150.
From The Joseph C. Thomas Collection, Part Two.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 227U, PCGS# 2099, Greysheet# 1319)

Weight: 3.11 grams

Metal: 95% Copper, 5% Tin & Zinc

View all of [The Joseph C. Thomas Collection, Part Two ]

View Certification Details from PCGS