Lot 1087
1861 Indian Head Cent. PCGS graded Proof 66. A beautiful example with frosty devices and moderately deep mirror fields. A few contact marks are visible on the reverse on the N and E on ONE. Nevertheless, this is an outstanding example of this exceptionally tough date. As with the 1860 issue, many coins struck this year were struck only once on moderately mirrored dies. This lack of quality standards at the Mint has made this a real tough issue to locate in gem condition. Out on an original mintage of 1000 pieces, only about 400 were released. The survivor rate seems to be quite low, perhaps many substandard examples were subsequently spent, or included collections as non-proofs.
There is enormous collector demand for this issue in gem condition. Expect fierce competition for this beauty.
Estimated Value $7,500 - 12,500.
Includes Eagle Eye Photo Seal.
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| Realized $19,550 |
