Lot 1099
1869. NGC graded Proof 65 Red. Good mirrors with blazing gold color. Great eye appeal. Small stain on the F in OF. The reverse is rotated 10 degrees clockwise. Housed in an Old Style Holder. Only 600 struck. Pop 12; 5 finer in 66.
A coin issued during one of the most hectic years on record. First, there was a nearly successful attempt to corner the New York gold market by crafty speculators which confounded money men world-wide; then, too, the first cross-country railroad link was completed with the pounding-in of the golden spike at Promontory, Utah to similar world-wide news coverage. It is interesting to note that the mintage of Proof Indian Cents at the Philadelphia Mint continued fairly normal at between 500 and 1100 pieces compared to that of Philadelphia during the years following 1877 when Proof mintage ratched up noticeably. One reason for this divergence was that the East was recovering from the devastating effects of the 1861-65 War. Estimated Value $2,250 - 2,500
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| Realized $1,668 |
