Lot 1516
1877 Indian Head Cent. PCGS graded Proof 64 Red & Brown. Some mint red visible. Well struck. Popular key date. Pop 113; 52 in 65RB; 4 in 66RB. An very choice example of this key date. As one should expect for a coin in this grade, the surfaces are shimmering. The color is golden red and deep lavender-brown mottled, but this is not grade limiting, rather, it amplifies the appearance. In fact, given the grade, this example is virtually unimprovable without stepping into the Proof 65 category.
Always popular as a Proof example of the key date in the Indian Cent series. No precise mintage figure exists for the Proof 1877 Indian, but enough information is available to make an educated guess. Breen lists 510 in his Proof Encyclopedia. The present estimate is now 910. It is known that 510 "Silver" sets were sold which included the five silver coins, the two nickel coins and the cent. Additionally, there were about 400 "Nickel" sets struck which included just the cent and the two nickel coins, of which we know 260 were mailed out, with the unknown remainder being sold over the counter in Philadelphia (PCGS # 2319) .
Estimated Value $3,000 - 3,300.
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| Realized $3,480 |
