SOLD
1,800.00USDto floor+ buyer's premium
This item SOLD at 2021 May 25 @ 22:57UTC-04:00 : AST/EDT
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***Auction Highlight*** 1871 TOP POP! Indian Cent 1c Graded ms66 rb By SEGS. This premium quality early date Indian cent is fully struck and displays mostly vivid autumn-orange color. It is lightly toned in iridescent olive-copper, and the surfaces are smooth and appealing with a softly frosted finish. The 1871 has a mintage of just 3,929,500 pieces. The Mint Act of 1871 authorized the Mint to redeem earlier dated copper, bronze and copper-nickel cents that had begun accumulating in bank reserves since the end of the Civil War. These excess coins, unwanted in circulation, were melted and the metal obtained used to mint new cents to meet current public demand. In 1874, the Mint improved this seemingly wasteful practice by simply reissuing the redeemed coins alongside newly minted pieces. That was in the future, however, and it is entirely likely that much of the mintage of the 1871, 1872 and 1873 issues never saw actual circulation. According to Rick Snow (2014), most examples of these issues "had [a] short round-trip from the Mint, to the banks and back to the Mint again, where they were melted." The 1871 is a scarce to rare issue in all grades and is seldom offered as a premium quality Gem. Here is a significant bidding opportunity for the advanced Indian cent enthusiast. I am including another ms66 rb for your comparison A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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