Lot 1251
1888/7 Snow 2 FS-302. ANACS graded MS-62 Red & Brown. A very rare Red Book variety. Sleek brown patina with accents of original red throguhout the legends and around the main devices.
According to researcher Eric von Klinger writing in 2005, "thirty-five years after its discovery, the 1888/7 Indian Head cent overdate is accounted so rare that Richard Snow, author of the standard catalog on this series, says each recorded example carries its own history.
"It is the only overdate generally acknowledged in the 51-year series, though others have been and still are posited."
Klinger goes on to describe how the discovery of this rarity first came to light: "The Feb. 11, 1970, issue of Coin World announced the discovery by James E Ruddy. A longtime partner with dealer Q. David Bowers, Ruddy by then had independently founded Ruddy Investments in Hollywood, California.
"He found two Uncirculated specimens in a small hoard of Indian Head cents from an attic in Virginia. As reported in Coin World and the following April issue of The Numismatist, the two were identical, down to a rim die break at the TE of UNITED on the obverse." The two Ruddy pieces are included with the few other Snow-1 variety of 1888/7 Cents that have been discovered.
Following up, it is reported in the Bowers guide to Indian Cents, 1996, p.393, that the Type 2 overdate, of which this is a stellar example, was discovered by Bill Fivaz and first published in Longacre’s Ledger spring 1991 issue. It has the added feature of the first 8 as well as the second 8 in the date doubled. This variety also has a spur protruding from the front of Liberty’s necklace into the field (diagnostic).
Estimated Value $2,000 - 3,000.
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| Realized $3,565 |
