Lot 1023
1861. NGC graded MS-66. Well struck with delicate light tan color. A gem specimen for certain. A boldly made and beautifully preserved Gem that has a lovely appearance overall. Ideally suited for a top-end Indian Cent collection. There are no spots or discoloration; instead, smooth, free-flowing luster spreads over the entire surface undisturbed by the usual marks and problems.
The number of copper-nickel cents in the country at the outbreak of the Civil War in early 1861 was not far from 100,000,000. These coins had been forced into circulation by exchange for Spanish silver coins, as well as by sales for gold and silver coins of the United States, until they flooded the channels of retail trade, became a public nuisance, and sold at a discount in the cities. The repeal of the law authorizing the exchange for Spanish fractions had greatly reduced their coinage, and by 1861 only enough were produced to replace the old copper coins returned for redemption. Pop 40; 8 finer with 4 in 66*, 1 in 66+, 3 in 67.
Estimated Value $1,200 - 1,400.
The Dandelion Collection.
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| Realized $1,553 |
