Lot 934
1863 Indian Head Cent. PCGS graded MS-66. In the darkest days of the Civil War, all Federal coins were hoarded and exchanged only at a premium. There was no real benefit to hoarding the nickel cents except that they were hard money issued by the Government. The Mint thought that the situation would ease by just cranking out as many cents as possible. As a result the cents of 1863 are the most common of the era.
Curiously, this date is also one of the toughest in very high grade. This was discovered only with the advent of certified grading and the population reports. PCGS lists only 25 pieces graded at this level and none higher!
The present piece is well struck with very few marks. Pop 27; None finer and PCGS. (PCGS # 2067) .
Estimated Value $1,000 - 1,200.
Ex:The "Chiro" Collection.
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| Realized $1,783 |
