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1877 1C Cent--Struck on Venezuela One Centavo Planchet--MS61 NGC....
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Sold on Jul 31, 2009 for:
$21,850.00
Bid Source: HA.com/Live bidder
Description
Fascinating 1877 Cent Struck on
Venezuela One Centavo Planchet, MS61
1877 1C Cent--Struck on Venezuela One Centavo Planchet--MS61
NGC. 2.3 gm. Judd-1496, Pollock-1649, R.8. Although it is
listed in the standard pattern references, this piece is not a true
pattern but a Mint error. This fascinating piece made its way into
the two major pattern references due to its appearance, which is
suggestive of a deliberately struck off-metal pattern. Later
research revealed the truth, and the most recent edition of Judd,
while it maintains the listing for this singular item, indicates
its true status as a mint error.While the Philadelphia Mint struck no contract coinage for Venezuela in 1877, a legacy copper-nickel planchet from the previous year's production of one centavo coins somehow mixed in with the bronze blanks for cents and was struck. The result was this fascinating and distinctive specimen.
The feathers of the headdress are weak at the tips, owing to the underweight nature of the planchet, and the lower part of the wreath is similarly ill-defined. By contrast, the soft lower right corner of the N in ONE is a diagnostic for this important issue. Occasional sage accents grace the otherwise nickel-gray surfaces, which are smooth and attractive.
Any Uncirculated 1877 cent is highly desirable due to its status as a low mintage key date. Finding such an example struck on a foreign planchet is an opportunity unlikely to surface again.
Ex: Bowers and Merena 2003 Baltimore ANA Auction, lot 3158.
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 37
Lot Tracking Activity: N/A
Page Views: 1,599
Buyer's Premium per Lot:
15% of the successful bid per lot.
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