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US Coins Signature Auction #1327 postponed to February 23 - 25. Get details.

    Description

    1869 Cent, PR66 Red
    One of Two at PCGS, Sole CAC Example
    Elusive as Proof or Business Strike

    1869 1C PR66 Red PCGS. CAC. The obverse of this Premium Gem Red proof 1869 Indian cent displays largely lemon-gold patina with a trace of tan, while the reverse shows an attractive yellow-orange appearance. The surfaces are boldly impressed overall, and a few isolated specks appear under a loupe in the left obverse field.

    Population Data (7/14): PCGS shows only two in PR66 Red with none finer, the same figures as when we last offered this piece seven years ago. This is the sole PR66 Red at CAC. NGC shows five in PR66 Red.

    Heritage Commentary: The 1869 date is quite elusive and underestimated, except perhaps among numismatists who specialize or have expertise in the Indian cent series. The lack of nice Mint State Red pieces has certainly translated to the proof coins, which are equally scarce. This Gardner Collection example is certainly one of the finest proofs to come on the market in recent years. The last PR66 Red PCGS example we offered was six years ago in our Baltimore ANA Signature (Heritage, 7/2008), lot 1141, which realized $5,751.

    We note that Mr. Gardner ranks this coin for eye appeal as an 8 on a scale of 1 to 10, one of his few small cents that he rates at this "gorgeous" level.

    Provenance: Milwaukee ANA Signature (Heritage, 8/2007), lot 207.(Registry values: N2998)

    Coin Index Numbers: (NGC ID# 229M, PCGS# 2296)

    Weight: 3.11 grams

    Metal: 95% Copper, 5% Tin and Zinc


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    October, 2014
    27th Monday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 787

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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