NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2005 Apr 01 @ 19:00UTC-8 : PST/AKDT
Having the classic appearance of these very scarce No D issues, the obverse appears struck from heavily worn dies--one could almost call it worn out! The reverse, on the other hand, shows that its die was in much better shape.
With the exception of these few million pieces hastily struck during January and February of 1922, the Denver Mint coined no cents from the end of 1920 through most of 1924. No cents were struck at Philadelphia or San Francisco in 1922. A short but severe nationwide recession following the end of World War I, combined with the repeal of various temporary, wartime taxes, more than likely negated the demand for additional cents, while the massive mintages of 1916-20 were more than enough to meet the immediate post-war demand. The exact reason for this anomalous coinage is not known; the Mint Director’s Report does nothing more than acknowledge it--though the Denver Mint was shown to have on hand at the end of the fiscal year (June 30, 1922) some 20,250,700 cents!
Commenting informally on the limited coinage of cents for 1922, Mint Director F. E. Scobey remarked, “There have been approximately $46,000,000 worth of pennies coined since the mint began in 1792-- so what’s the use of making more, when about the only things you can still buy with a penny nowadays are lollypops?” At the time, there was no mention made (nor even cognizance taken) of the rare No D variety, but that would soon change during the 1930s when coin collecting really took off in America.
Auction Location:
United States
Previewing Details:
In Beverly Hills at Superior Galleries (No Appointment Necessary) March 14, 2005 to March 18, 2005 9:00 A.M. to 5:00 P.M.
In West Palm Beach, Florida At the Palm Beach Coin Show, Tables 102 and 104 (No Appointment Necessary)
See terms and conditions
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
Shipping Details:
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SUPERIOR GALLERIES TERMS AND CONDITIONS OF SALE TERMS AND CONDITIONS OF SALE -- 1. This is a public auction sale conducted by bonded Auctioneers. The bonded Auctioneer is Superior Galleries, Inc. (hereinafter referred to as "Auctioneer" and at times as "Superior"). 2. Bidding in this sale constitutes acceptance by you of all the Terms and Conditions of Sale stated herein, ("Bidder).
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Bidder acknowledges and agrees that the competent courts of the State of California shall have exclusive jurisdiction over any dispute(s) arising hereunder, and Bidder hereby agrees that any dispute arising hereunder shall be litigated exclusively in the courts of the State of California, regardless of any party's current or future residence or domicile. Bidder further agrees that venue shall be in the Superior Court for Los Angeles County, in the State of California.
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