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1872 1C MS66 Red NGC....
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Description
Full Red MS66 1872 Indian Cent
One of Only Two Pieces Certified
1872 1C MS66 Red NGC. Bold N in ONE. Among collectors, the
1872 Indian cent is highly regarded in all grades. More than 25
years ago, Carl Herkowitz, notable collector and student of the
1872 cent, made a study of this date and was also the ultimate
buyer of most coins from XF through the lower grades of
Uncirculated. He also wrote an article in the June 1984 The
Numismatist that explained the scarcity of this date. Below are
two quotes from that article that account for the scarcity of the
1872."Cleaned and impaired 1872 cents are common, with Choice specimens frequently less available than similar examples of the lower-mintage 1877 pieces. ... at a time when collectors had a more basic hobby standard, the circulating, often poorly struck 1872 cent was seldom saved, particularly in Fine grade. Conversely, the 1877 gained recognition as the Indian Head cent--a keepsake--reminiscent of the rarer 1856 Flying Eagle cent and the later 1909-S VDB Lincoln cent. When the 1872 and 1877 cents circulated in full-grade Fine, the 1877 piece was set aside, and the 1872 largely remained pocket change."
This explains the overall scarcity of 1872 cents. It also goes a long way toward explaining the rarity of 1872 cents in the ultimate grade, in this case MS66 Red. There have been 20 1877 cents certified as such by both NGC and PCGS (6/10). However, only two MS66 Red 1872 cents are certified, one by each service. A word of explanation regarding these two 1872 MS66 Red cents: At one time (mid-2009) PCGS recorded the existence of two MS66 Red coins. Today they list only one coin in this grade, a lone coin that stands beside this single MS66 Red NGC example.
The surfaces on this piece are noteworthy for a Red Indian cent of any date. Both sides are evenly matched in color, with reddish-orange mint luster and no trace of mellowing. The strike is somewhat irregular, with complete feather tip definition on the headdress, but the upper portion of the wreath and shield showing slight softness. As expected from a coin in this grade, there are no reportable abrasions on either side.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 227W, PCGS# 2105, GSID# 1325)
Metal: 95% Copper, 5% Tin & Zinc
Weight: 3.11 grams
Weight: 0.10422oz
Mintage: 4,042,000
Auction Info
2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143 (go to Auction Home page)
Auction Dates
August, 2010
11th-15th
Wednesday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 2,362
Buyer's Premium per Lot:
15% of the successful bid per lot.
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