August Standout Numismatic Rarities 35 Day 2
By Key Date Coins
Aug 10, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 768:

***Auction Highlight*** PCGS 1877 Indian Cent Near TOP POP! 1c Graded ms65 rb CAC BY PCGS (fc)

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Start price:
$ 17,000
Estimated price :
$20,000 - $40,000
Buyer's Premium: 18%
Auction took place on Aug 10, 2023 at Key Date Coins
tags:

***Auction Highlight*** PCGS 1877 Indian Cent Near TOP POP! 1c Graded ms65 rb CAC BY PCGS (fc)
***Auction Highlight*** PCGS 1877 Near TOP POP! Indian Cent 1c Graded ms65 rb CAC BY PCGS. The Key Date to the whole Indian Cent Series. According to Jaime Hernandez from PCGS, ‘The 1877 Indian Cent is unquestionably the most desirable coin in the entire circulation strike Indian Cent series. It is the second lowest mintage coin in the series, and only the 1909-S Indian cent has a lower mintage. Despite the 1877 Indian cent having the second lowest mintage in the series, it also survives in much smaller numbers than the 1909-S Indian cent. This is mainly due to the lack of coins being collected in 1877 compared to 1909. There is only one reverse die confirmed as striking all existing 1877 Indian cents. However, if there was only one reverse die employed to strike all (877,000)1877 Indian cents, then this lone die should have sustained major planchet flaws when striking such a large mintage. Surprisingly, this is not the case since 1877 cents show no traces of a damaged die. Therefore, it is strongly believed that the mintage of 877,000 coins struck, is actually a highly inflated figure. This is a lovely, high quality survivor of this popular and elusive 1870s cent. There is ample remaining luster, particular on the reverse, over which mottled glossy-brown patina has formed. Diagnostic softness of definition is noted over the lower right side of the N in ONE, and the feather tips on the obverse are also somewhat softly impressed, but these features do not detract from this coin's pleasing eye appeal. In sum, this is a smooth, well preserved coin with considerable flash for this otherwise poorly preserved issue.From the Patrick J. Mullen Collection. A Key Date'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

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