LOT #3132 |
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1940 1C MS68 Red PCGS....
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Sold on Jun 2, 2011 for:
$11,500.00
Bid Source: Live: Phone bidder
Description
Gorgeous MS68 Red 1940 Cent
Ex: Jack Lee Estate
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 (4/11).Ex: Jack Lee Estate Lincoln Cent Registry Set (Heritage, 12/2008), lot 229, which realized $8,050.(Registry values: N991)
Coin Index Numbers: (NGC ID# 22DT, PCGS# 2686, Greysheet# 1966)
Weight: 3.11 grams
Metal: 95% Copper, 5% Tin and Zinc
Auction Info
2011 June Long Beach Signature US Coin Auction #1156 (go to Auction Home page)
Auction Dates
June, 2011
2nd-5th
Thursday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,571
Buyer's Premium per Lot:
15% of the successful bid per lot.
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