1858 1C SM LETTERS

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Sold on Jan 4, 2001 for:

$11,500.00 Bid Source: Live: Floor bidder

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Spectacular 1858 Small Letters Cent, MS 66 PCGS

1858 1C Small Letters MS 66 PCGS. The 1858 is the final delivery of this short-lived small cent type. We have not found an acceptable explanation for the brevity of this series, but Breen (1988) asserts that poor striking quality was at the root of the Mint Director's decision to abandon the Flying Eagle design. The Mint produced 24.6 million small cents in 1858. There are two types, the Large Letters and the Small Letters. As the latter was introduced in the middle of the year, neither of these varieties commands a significant premium in circulated and lower Mint State grades. At the MS 66 level, the edge for rarity goes to the Small Letters variety. NGC and PCGS combined have certified 26 Large Letters examples in MS 66, and there is an MS 67 PCGS specimen finer. The certified population for the Small Letters variety in MS 66 is only 11 coins, and there are none finer (10/00).
An exquisite copper-nickel cent, both sides display vivid, golden-lilac surfaces and radiant mint luster. The strike is well above average for the type, being full over nearly every feature. There are no abrasions to speak of, and the eye appeal is superb.
From the Mike Crudginton Collection.

Coin Index Numbers: (NGC ID# 2279, PCGS# 2020, GSID# 15316)

Metal: 88% Copper, 12% Nickel
Weight: 4.70 grams
Weight: 0.14589oz

View Certification Details from PCGS