Lot 670
1859. PCGS graded Proof 64 CAC Approved. Well struck and delicately toned. A beauty and free from any noticeably flyspecks. Only 800 Proofs struck of this desirable one-year Type. Pop 130, 71 finer (PCGS # 2247) .
Historic note: The coins that were struck between 1859 and 1864 were composed of 88 percent copper and 12 percent nickel, as required by law. In 1864, the weight of the coins was reduced from 72 grains to the present weight of 48 grains, and the alloy changed to 95 percent copper and 5 percent tin and zinc. Research in 1863 indicated that bronze was an excellent alloy for minor coins, and so the copper-nickel alloy was discontinued. Total production of the Indian Head cent was 1,849,648,000 pieces.
Estimated Value $1,700 - 1,800.
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| Realized $2,415 |
