1877 1C MS66 Red PCGS....

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Sold on Apr 30, 2009 for:

$149,500.00 Bid Source: Live: Floor bidder

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Fantastic MS66 Red 1877 Cent

1877 1C MS66 Red PCGS. This is the lowest-mintage date of the series, with only 852,500 pieces reportedly produced. All non-proof 1877 Indian cents were struck from a single reverse die with a shallow N in ONE. This hub variety had been retired in 1870 and had gone unused since 1872. Most of the coins from this die, the present example included, display light clashmarks (as struck) above and to the left of the O in ONE. This reverse die is unknown with any die cracks, a curious feature for an era when the average working die life was usually no more than 200,000 pieces. Richard Snow poses an interesting question: How could nearly a million cents be struck from the same die without the development of any significant die wear or cracks? As a possible answer he postulates that the real mintage of the 1877 Indian cent may be even less than what has been traditionally reported.
Like many other Indian cent issues, the 1877 has a distinct "top tier" of condition rarity, the MS66 Red threshold; PCGS has graded just six such coins and none finer with the Red designation (3/09). The present piece, housed in a green-label holder, is well-defined with pale copper-orange surfaces that show glimpses of gold. Both luster and strike are excellent, and the coin is carefully preserved. Completely independent of its key-date status, this Premium Gem offers outstanding eye appeal; combining the two completes an amazing package. A coin not to be missed.
Ex: The Gorrell Collection of Flying Eagle and Indian Cents (Heritage, 1/2003), lot 4436.
From The Joseph C. Thomas Collection.(Registry values: N10218)

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

Weight: 3.11 grams

Metal: 95% Copper, 5% Tin & Zinc

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

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