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1823 Restrike PCGS graded MS64 Red & Brown

Currency:USD Category:Coins & Paper Money / US Coins Start Price:675.00 USD Estimated At:NA
1823 Restrike PCGS graded MS64 Red & Brown
1823 Restrike. PCGS graded MS-64 Red & Brown. Frosty slightly faded mint red mellowing to light bluish steel brown, at least a third of the red color remaining. Virtually as struck with only a few trivial defects, including a tiny speck of carbon at the rim above star 7. There is a tiny planchet depression on the rim at ED in UNITED, as struck, which later fills in to form a small rim cud. MDS with the earlier bisecting obverse crack and a fine die crack from the reverse rim to the D in UNITED that now extends into the wreath under the adjacent S in STATES and into the field above the N in ONE where it fades out. The reverse is rotated 30 degrees CCW. An attractive example of this popular private restrike that was made outside the mint using discarded mint dies sold as scrap. The obverse die used was the normal Newcomb-2 variety of 1823, but apparently a reverse die of the type used in 1823 was not available and they substituted a reverse die used for the 1813 Sheldon-293 variety. The result was an "1823" cent that looked nothing like the genuine mint product. Our grade is MS63. Weight 163.0 grains. The Holmes provenance is noted on the PCGS label.
Estimated Value $1,400-UP.

Provenance: Ex George Ramont-Jules Reiver, Heritage 1/24/2006:19825-Dan Holmes, McCawley & Grellman Auctions/Goldbergs 5/30/2010:180.