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1804 1C Restrike MS66 Red PCGS. CAC....
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Sold on Apr 30, 2009 for:
$9,200.00
Bid Source: Internet bidder
Description
Spectacular MS66 Red 1804 'Restrike' Cent
1804 1C Restrike MS66 Red PCGS. CAC. The so-called 1804 restrike was produced privately from left-over and mismatched large cent dies, and is called a restrike today only out of numismatic tradition.The obverse die was used to coin 1803 S-261, and had the date reengraved to 1804. The reverse die was used for 1820 N-12. Apparently produced in the late 1860s, about 1867 or 1868, both dies had extensive rust that developed over the previous half century. Since there never was an original coin that combined the two dies, the term "restrike" for this piece is inaccurate.
Walter Breen identified two dies states in his Large Cent Encyclopedia, the earlier state with dies in near medallic alignment, the later state with coin alignment. The two different alignments suggest that these pieces were made in two different groups.
Many 1804 restrike cents exist today, usually in AU or Mint State grades, but few remain with full original red color. Combined, NGC and PCGS have certified nearly 100 of these restrikes, yet only five pieces are designated full red, four at NGC and this single example at PCGS. Both sides are brilliant with light orange color and satiny, reflective surfaces that result from die polishing that was intended to remove some of the rust. The surfaces are nearly flawless. In the absence of extensive Census details, we feel that this piece may qualify as the finest existing 1804 Restrike cent. EAC 65.
Coin Index Numbers: (NGC ID# 224J, PCGS# 45344, GSID# 740)
Auction Info
2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124 (go to Auction Home page)
Auction Dates
Apr-May, 2009
29th-3rd
Wednesday-Sunday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 597
Buyer's Premium per Lot:
15% of the successful bid per lot.
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