Lot 1037
1857 Coronet Head Cent. PCGS graded Proof 64. Nice red and bluish-brown toning. A lovely coin. PCGS reports 7 coins at this grade and 6 higher. This was the last year in which Large Cents were struck. The series overlapped the Flying Eagle Small Cents as a way of easing the public into using the new money. Thus, the mintage for the 1857 Large Cent was smaller than usual, while production of the 1857 F.E. Cents was prolific. On the other hand, Proof Large Cents always had low, unrecorded mintages, mostly because there were few collectors at the time, many of whom did not even know that Proof coins were available from the Mint! (PCGS # 2001) .
Estimated Value $5,000 - 6,000.
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| Realized $4,945 |
