LOT Old Heritage Auctions  /  2007 (ANA) Signature Coin Auction #444  / 

1572

1888/7 1C MS63 Brown PCGS

Currency:USD Category:Coins & Paper Money Start Price:50,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1888/7 1C MS63 Brown PCGS
<B>1888/7 1C MS63 Brown PCGS.</B></I> James Ruddy discovered the 1888/7 overdate almost 30 years ago, announcing his find in the February 11, 1970 issue of <I>Coin World</B></I>. Considered one of the most important numismatic discoveries of the decade, the new overdate was published in the April 1970 issue of <I>The Numismatist</B></I>. Despite extensive publicity and almost 30 years of searching by collectors and numismatists across the country, less than 30 examples are known today, almost all well circulated. Just five Mint State examples are reported by Rick Snow, including the two discovery pieces that were found together in Virginia.<BR> To avoid eye strain looking for the overdate feature, clear on this piece but difficult to see on circulated examples, specialists know to look for the small rim break confined to the dentils over the upright of E in UNITED. The rim break is present on nearly all known examples.<BR> In <I>A Guide Book of Flying Eagle and Indian Head Cents</B></I>, Rick Snow presents an interesting history of discovery, auction, certification, and regrading of this example. Identified by a faint x-shaped scratch at the top of the obverse, it was discovered in the Stack's inventory and placed in their October 1997 auction. Certified as MS64 Brown by NGC, the coin again appeared at auction in Superior's February 2000 sale. The coin was purchased by an Indian cent specialist who had the coin "downgraded" by PCGS to MS63 Brown, so that he could include it in his PCGS Registry Set. Light brown toning exhibits slight iridescence on each side<I><BR>From The Santa Fe Collection.</B></I><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>\)
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