1858/7 1C MS64 PCGS....

Click the image to load the highest resolution version.

Sold on Apr 30, 2009 for:

$21,850.00 Bid Source: Live: Floor bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

Early Die State 1858/7 Cent, MS64

1858/7 1C MS64 PCGS. FS-301, formerly FS-006. Snow-1. Die Stage A. This is one of the finest examples of this very popular 19th century overdate. One must look carefully to find any imperfections on the evenly toned, light brown surfaces. Even the strike is impressive with the overall definition as full as is typically seen for the variety. There is, nonetheless, slight weakness over the upper right quadrant of the reverse, but Snow states that this is characteristic of the variety. Only very rarely is an 1858/7 cent seen with any more detail in this area than that seen on this particular coin. The striking softness associated with the 1858/7 has resulted in considerable resistance on the part of the grading services to certify any examples higher than MS64. Since NGC and PCGS have recently come to understand the peculiar striking characteristics of this variety, a few examples have received an MS65 designation. Indeed, the present representative has the look of a higher grade.
A very early die state, remnants of the 7 underdigit show clearly above and to the right of the final 8 in the date. The diagnostic die dot above the date, which is actually the left base of a misplaced 1, is bold and triangular in shape. In addition, the broken wing tip is just about connected to the wing. There are also light die striations (as produced) visible diagonally from the lower left to the upper right of the coin, and additional die file marks are visible under the date. These features are only visible on the earliest die states.
The die state of a particular 1858/7 Flying Eagle cent is very important because nearly 75% of all examples produced are late die states with no evidence of the 7 showing. Richard Snow states that collectors who desire top quality examples of this date demand to see the 7! Clearly, the present lot represents an important opportunity for the advanced collector to acquire one of the finest examples of this popular and rare overdate. This issue is normally collected as part of the regular issue Flying Eagle series, adding to its desirability.
Ex: "Heathgate" Collection (Goldberg Coins, 2/2001), lot 1082; Joseph P. Gorrell Collection (Heritage, 1/2003), lot 4406. Accompanied by an Eagle Eye Photo Seal and certificate.
From The Joseph C. Thomas Collection.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 2276, PCGS# 2022, Greysheet# 15322)

Weight: 4.70 grams

Metal: 88% Copper, 12% Nickel

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

View Certification Details from PCGS