LOT Old Heritage Auctions  /  2008 MAR Phoenix (ANA) Signature Coin Auction #1...  / 

199

1877 1C PR67 Red and Brown NGC

Currency:USD Category:Coins & Paper Money Start Price:24.00 USD Estimated At:1.00 - 1,000,000.00 USD
1877 1C PR67 Red and Brown NGC
<B>1877 1C PR67 Red and Brown NGC.</B></I> Both business strike and proof Indian cents of the key-date 1877 issue enjoy tremendous collector (and investor) pressure and unceasing demand. Most proof 1877s at both NGC and PCGS, regardless of color, tend to cluster in the PR64 to PR65 range, with a few stragglers on either side, in the PR63 and PR66 categories. It is much the same with business strikes: Most examples seen are in the MS64 and MS65 echelon. However, <B>this piece is one of only two PR67 examples graded at NGC,</B></I> the other coin being a PR67 Red coin. PCGS has certified two PR67 coins, both Red. This NGC-certified coin is truly deserving of the Superb Gem grade, boasting a full strike all the way to the headdress feather tips, a full four diamonds on the ribbon, and a bold L. The peripheral details and all of the reverse details are also impeccable. Unlike on business strikes, all proofs, including this piece, have a bold N in ONE and EN in CENT. (Most, but not all, business strikes show weakness in those areas.) The surfaces are a beautiful reddish-tan with purple highlights, about 40% red on the obverse and 60% red on the reverse. Bowers' Indian cent reference says of proof issues, "The 1877 Proof Indian cent is a coin of incredible popularity and demand due to the overall rarity of the date (via related business strikes). Proofs are usually seen toned brown or red and brown, sometimes with a very attractive woodgrain effect." An exceptional coin, and the finest and only PR67 graded within this color designation at NGC (1/08).<BR><BR><B>Coin Engraver:</B> James B. Longacre<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot