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1860 Indian Head Cent PCGS MS66

Currency:USD Category:Everything Else / Other Start Price:NA Estimated At:1,500.00 - 2,000.00 USD
1860 Indian Head Cent PCGS MS66
Small Cents 1860 Rounded Bust Point. PCGS graded Mint State 66. <b>Second of the two hub styles this year, a coin that tickles the eye with its smooth originality and frosty mint bloom. The luster is nowhere muted; we do detect a tiny mark above the 0 in the date, but outside of this the surface is pristine, indeed close to 67 quality. The top three feathers show a little rounding at their ends (which is typical of copper-nickel pieces), the shield is refreshingly bold and the ribbon bow the same. A first-rate Gem.</b> Due to panic hoarding of change in the early days of the Civil War, a premium of 4% developed in July 1862 on copper-nickel Cents and similar small change. In a vain effort to satisfy the demand the mint forced itself to a rate of production even higher than that of 1858 (which it was replacing the old Large Cents with the new, smaller format Flying Eagles). By the end of July the weekly issue amounted to 1,200,000 pieces. One-third of this total was reserved for Philadelphia, the remainder going to the other large cities. No applicant anywhere received more than $5 worth. <p align="center">Superior Galleries was founded in 1929 and has been a leader in
the numismatic auction business since 1971.</p> <p align="center"><b>Consignments wanted for June 2 & 3, 2002 Pre-Long Beach Sale.</b></p> <p align="center"><b>Call Steve Deeds</b> at (800) 421-0754 ext 230.</p>