LOT Old Heritage Auctions  /  2007 Signature Coin - Charlotte, NC #434  / 

2028

1872 1C MS65 Red PCGS. The 1872 is a widely recognized

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1872 1C MS65 Red PCGS. The 1872 is a widely recognized
<B>1872 1C MS65 Red PCGS.</B></I> The 1872 is a widely recognized, semi-key date in the Indian cent series. Just over 4 million pieces were struck, but that only tells part of the story of this date's scarcity. According to Rick Snow in his <I>Flying Eagle & Indian Cents</B></I> reference: "A low mintage date to begin with, the scarcity of this date can be additionally attributed to excessive meltage. Vast amounts of cents were recoined during 1873-75." One thing leads to another in the case of this date. Because it is a lower mintage date and large (but unknown) numbers were melted, there were obviously fewer pieces set aside in all grades and especially in high grades. Combining the population data from both major services shows that only 17 Gems have been certified (13 by PCGS and four by NGC), and only two are finer (3/07). This is a lovely full red Gem. The surfaces are bright, even orange-gold on each side. The only hint of color other than the original red is faint oil-slick iridescence that is visible with magnification on the reverse. The striking details are strong throughout with sharp definition on the tips of the feathers of the headdress and four full diamonds. An important and valuable coin for the collector of high grade Indian cents.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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