LOT Heritage Rare Coin Galleries  /  2004 June Long Beach Signature Sale #349 - Sessi...  / 

6015

1858[1C] Large Letters PR67 Deep Cameo NGC.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:105.00 USD Estimated At:1.00 - 1,000,000.00 USD
1858[1C] Large Letters PR67 Deep Cameo NGC.
<B>1858<1C> Large Letters PR67 Deep Cameo NGC.</B></I> Occasionally prooflike Flying Eagle cents are confused with the very rare proof strikings, but in this case there can be no confusion. The diagnostics for genuine proofs are listed in Snow's book that covers this series. They include: diagonal die file marks in the denticles below the first 8 and the 5 in the date. The date also slants up to the right. Minor doubling is also seen on UNI in UNITED. On the reverse, a minute die file mark is located in the denticles just left of 12 o'clock. These die markers are all very small and strong magnification is required to pick them out. However, they are present, and this die was not used on any business strikes.<BR> As with all genuine proof Flying Eagle cents, the fields are deeply mirrored and the striking definition is razor sharp. This coin is truly a wonder to behold. The fields show unfathomable depth of reflectivity and the devices are nicely frosted, which yields an unmistakable two-toned cameo effect. The surfaces are hairline-free and we cannot locate any specks of carbon. There are a few tiny planchet voids on each side, probably lint marks from when the dies were wiped prior to striking. The only one that might be large enough to use as a pedigree identifier in the future is located just above the bottom of the E in ONE on the reverse.<BR> Only 100 Large Letter proofs are estimated to have been struck. This number is based upon a known production of 80 silver proof sets plus a small number of pattern sets, probably no more than 20 pieces. Snow believes no more than 50 examples survive today in all grades, a number that would make an original mintage of 100 pieces seem like a reasonable estimate. This is the finest example certified by either of the two major services, and it is essentially an unimprovable coin. The pristine surfaces retain a generous amount of original whitish color from the copper-nickel alloy with the addition of a light overlay of pale reddish patina on each side. Population: 1 in 67 Deep Cameo (2 in 67 Cameo), 0 finer (4/04). <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.
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