Lot 1265
1877. PCGS graded MS-64 Red. The surfaces are outstanding for this rare and important issue. Mintages plunged as demand for cents fell in 1877, only 852,500 were coined, a fraction of the normal production either before or after this date. Few were saved, and only a few hundred remain in various mint state grades. Of these, most are toned or toning, and locating a full red example as offered here is a true challenge for the advanced numismatist. Examination will note a few microscopic spots, and a hint of reddish toning around the periphery. Typical strike for the year, with localized weakness on the reverse wreath. Struck with a clashed reverse die, with outlines of the Indian within the wreath. Blazing red in color, and purchased over 55 years ago.
Estimated Value $3,500 - 4,500.
From the Howard R. Newcomb collection of Indian Cents, purchased June 30, 1944 from J.G. Macallister.
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| Realized $14,950 |
