Lot 1116
1878 Indian Head Cent. PCGS graded Proof 65 Red. This is a very attractive example with moderately deep mirrors and outstanding surfaces. Starting in 1878 many things changed at the Mint. Proof production of minor coinage increased to two to three times the previous year's mintage. The actual mintage of minor proofs were now recorded with accuracy. The Mint's minor coin production was based more on expected demand than actual demand. The many unsold examples were sold in bulk to local coin dealers at or near face value. Also starting this year planchet production for minor coinage was shifted from the Mint to outside sources. The quality of proof coinage improved.
Estimated Value $800 - 1,000.
Includes Eagle Eye Photo Seal.
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| Realized $978 |
