Lot 936
1864 Indian Head Cent. Bronze. . No L. PCGS graded MS-65 Red. This is the first issue of bronze cents, which continued mostly unchanged for the next 118 years. Its creation was born out of economic necessity as the nickel cents were not circulating and cheap private token were. It was now realized that the Government stamp and not the metal value is what made a coin like the cent circulate widely. The dies used to strike these were left over from the copper-nickel mintage and as such are usually found with heavy die wear and clash marks.
This is a superb example of this one-year type. The strike is very bold with very lustrous surfaces. A few trivial flyspecks are visible but these hardly detract from the overall beauty of this coin.
The dies show heavy die clashing, which is interesting and does not limit the grade. The top of the wreath and shield from the reverse die can be see impressed into the obverse die by the date. The corresponding reverse clash shows the base of the neck of the portrait in the upper portion of the wreath on the reverse. Pop 103; 37 finer; 30 in 66; 1 in 67. (PCGS # 2078) .
Estimated Value $700 - 800.
Ex:The "Chiro" Collection. Eagle Eye Photo Seal accompanies this lot.
|
| |
| Realized $891 |
