LOT #229 |
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1940 1C MS68 Red PCGS....
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Sold on Dec 4, 2008 for:
$8,050.00
Bid Source: HA.com/Live bidder
Description
Captivating MS68 Red 1940 Cent
1940 1C MS68 Red PCGS. Philadelphia struck over half a billion (and closer to 600 million) cents in 1940, a record to that time. The chief reason for that mass mintage was a sudden demand for small coins brought on by changes in taxation that came into effect on July 1 of that year, as alluded to by David Lange in his Complete Guide to Lincoln Cents; more specifically, a tax on gasoline, one-half cent per gallon, began on that date. This precious survivor, however, was never spent, and its gorgeous peach and orange surfaces are borderline flawless to the unaided eye. Razor-sharp detail and dramatic luster enhance the eye appeal. Population: 4 in 68 Red, 0 finer (10/08).From The Jack Lee Estate Lincoln Cent Registry Set.(Registry values: N991)
Coin Index Numbers: (NGC ID# 22DT, PCGS# 2686, Greysheet# 1966)
Weight: 3.11 grams
Metal: 95% Copper, 5% Tin and Zinc
View all of [The Jack Lee Estate, Lincoln Cent Registry Set ]
Auction Info
2008 December Houston, TX Signature Coin Auction #1118 (go to Auction Home page)
Auction Dates
December, 2008
4th-7th
Thursday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 789
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15% of the successful bid per lot.
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