LOT Heritage Rare Coin Galleries  /  2007 Signature Coin - Charlotte, NC #432  / 

83

1877 1C MS65 Red PCGS. The recall of large cents in 18

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1877 1C MS65 Red PCGS. The recall of large cents in 18
<B>1877 1C MS65 Red PCGS.</B></I> The recall of large cents in 1857 brought vast quantities of copper to the Philadelphia Mint, copper that was used for the new small cents. While this store of the metal fueled comparatively large mintages through 1875, by the next year, the stocks were running out. The 1876 issue's tally was considerably lower, and the crisis only worsened in 1877, which saw just 852,500 pieces coined. The Mint's new sources of copper arrived too late to stop the creation of a key issue.<BR> Many 1877 cents went into circulation, which makes high-grade survivors all the more elusive. This Gem's surfaces are vivid orange with hints of ruby and copper. Each side exhibits strong detail, and the four diamonds on the ribbon are complete, though slightly soft on the right side. While the obverse has a few small carbon flecks under the chin, the overall eye appeal is high. Population: 21 in 65 Red, 6 finer (2/07).<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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