1859 Indian Cent Pattern, Proof 12
1859 DT1C Indian Cent, Judd-230, Pollock-274, High R.6, Fine 12
Judd-230, 100% Copper
Design. The regular design for the first-year Indian cent without the shield on the reverse. The reverse features a laurel wreath with a mixture of five-leaf and six-leaf clusters. Struck in copper with a plain edge.
Commentary. A rather remarkable piece that really should not exist, except for an anonymous and sharp-eyed late 19th or early 20th century numismatist who spotted this piece in circulation and saved it for future collecting generations. According to the NGC analysis, this well-circulated Indian cent was struck in 100% pure copper, compared to the usual composition consisting of 88% copper and 12% nickel.
Physical Description. Reddish-tan and olive-brown surfaces suggest that this piece was cleaned long ago, and has since toned to a natural patina after decades in the accompanying paper envelope. Myriad circulation marks appear on each side with a small reverse rim disturbance at 7 o'clock.
Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $12.50; Eric P. Newman Numismatic Education Society.
From The Eric P. Newman Collection. (NGC ID# 2VR6, PCGS# 11944)
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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