1877 1C MS65 Red PCGS....

Click the image to load the highest resolution version.

Sold on Aug 7, 2014 for:

$32,900.00 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

1877 Indian Cent, MS65 Red
Sought-After Series Key

1877 1C MS65 Red PCGS. The 1877 Indian cent's low mintage of little more than 850,000 pieces (the second-lowest in the series) was largely due to the reissue of nearly 10 million older cents that had been redeemed throughout the year, which effectively limited the need for new production. Those that were struck in 1877 usually circulated heavily, as coin collectors of the period typically only purchased proofs directly from the Mint, and had little or no interest in the scarcity of the circulation strikes. Time has turned the tables, however, and today the 1877 Indian cent is prized in any Mint State grade, especially with full Red color. This Gem example displays rich coppery-rose luster throughout, and is nearly void of carbon specks. Some lightness of strike is noted on the upper feathertips and the wreath bow, though the strike is otherwise complete. A shallow N in ONE is diagnostic of all genuine 1877 cents. Population: 24 in 65 Red, 6 finer (6/14).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 2284, PCGS# 2129, Greysheet# 1346)

Weight: 3.11 grams

Metal: 95% Copper, 5% Tin & Zinc

View Certification Details from PCGS