1888 1C MS67 Red PCGS....

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Sold on Jul 31, 2008 for:

$63,250.00 Bid Source: Internet bidder

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1888 Indian Cent, MS67 Red
The Finest Certified Example

1888 1C MS67 Red PCGS. This is the one and only Superb Gem 1888 cent certified by either grading service. The PCGS Population Report documents the nearest contenders as 12 examples graded MS66 Red. NGC shows two coins in MS66 Red with none designated finer. Interestingly, the PCGS population of 12 in MS66 Red, one in MS67, and none finer (6/08) has not changed in over five years. Taking the population data into consideration, it goes without saying that the current offering is the finest example of this date ever auctioned by Heritage. The last PCGS-certified MS66 Red cent to cross our auction block was in our January 2006 FUN sale, and that coin realized $16,100 with the buyer's premium. Exactly three years prior to that memorable auction, we sold another MS66 Red (PCGS), that one netting $8,337. The upward trend of premium quality Indian cents has been consistently strong and, given the supply versus demand factor, can only continue.
Each side is perfectly balanced in color and overall appearance. The centers are light orange-red with deeper red around the margins. The only mark worthy of note is an irregular planchet flaw on the right inside of the wreath. Just a bit softly struck on the tips of the feathers in the headdress. Considering the stagnation of the population data, the "finest certified" status of this coin, and its unparalleled technical quality and aesthetic beauty, we predict fierce bidding activity and a memorable hammer price.
From the Estate of Robert R. Rollins Collection, Part Three.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 228G, PCGS# 2168, Greysheet# 1382)

Weight: 3.11 grams

Metal: 95% Copper, 5% Tin & Zinc

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