Lot 1086
1860 Indian Head Cent. Pointed bust. PCGS graded MS-65. A beautiful example with a great strike and soft satiny cartwheel luster. A very scarce date and one of the finest known. Until the early 1990's this as considered a very rare variety, and was listed in Breen's Encyclopedia as such. The reality is, however that this is really a separate entry into the regular date set of Indian Cents. It is as dramatic and different a design as the 1864 With L is from the 1864 No L type. Starting in 1994, this type was included in the "Guide book of United States Coins" - The Red Book. Since then collectors have started including this coin in their sets, many of which were previously thought to be complete.
The "Pointed Bust" style refers to the narrower bust truncation as used in 1859. One may label this as the "type of 1859". The redesign to the broad bust point in 1860 seems to have come early in the year. Perhaps the 6 known obverse dies that struck the 1860 pointed busts were undated dies leftover from 1859. In any event the coin was struck in large enough quantities to satisfy most collectors demand, but a small enough quantity to make it one of the key dates of the series. The estimated original mintage is about 1/2 million to 1 million pieces, making it about between 20 to 40 times rarer than the broad bust point pieces.
Estimated Value $5,000 - 7,000.
Includes Eagle Eye Photo Seal.
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| Realized $6,325 |
