1992 1C Close AM, FS-901, MS67 Red PCGS....

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Sold on Jan 5, 2017 for:

$25,850.00 Bid Source: Live: Floor bidder

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1992 Close AM Cent, MS67 Red
The Single Finest Known by Two Points
A Rare Variety in All Grades

1992 1C Close AM, FS-901, MS67 Red PCGS. The Mint introduced a new reverse for the Lincoln cent in 1993 that showed the A and M in AMERICA closely spaced at their bases instead of separated as in years past. However, beginning in 2006, sharp-eyed numismatists began to discover rare transitional 1992 and 1992-D cents struck with the 1993 reverse. These Close AM cents have occasionally surfaced in circulation and bank rolls over the last decade. Both are rare varieties, but the Philadelphia variant is rarest. Their are only 20 examples reported by PCGS and NGC combined, mostly in AU or lower Mint State grades. This is less than half of the reported population for the 1992-D Close AM variety. The only example to have sold at auction is an MS64 Red PCGS coin that appeared in our Long Beach Signature sale (Heritage, 2/2016), lot 3090, and realized more than $8,800.

Two representatives of the Philadelphia variant stand out above the rest: an MS65 Red coin at NGC, and the present MS67 Red PCGS example, which is the sole finest known (11/16). This coin showcases virtually flawless, gleaming surfaces with rich gold, fire-orange, and rose-red hues. The strike is sharp, and there are no carbon spots. Adding to the appeal is a nearly 90-degree clockwise rotation of the reverse. This coin easily surpasses the MS63 Red and Brown piece in the current highest-rated Major Varieties Registry Set.
From The Mile High Collection.

Coin Index Numbers: (Variety PCGS# 569375, Base PCGS# 412710)

Weight: 2.50 grams

Metal: 99.20% Zinc, 0.80% Copper

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