1871 1C, RD MS(PCGS#2102)

August 2021 ANA U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1172

等级

MS65RD

价格

73,854

详细说明

1871 Indian Cent. Bold N. MS-65 RD (PCGS). Rich rose-orange color is a bit bolder on the reverse of this captivating Gem example. Both sides are sharply struck with a full endowment of soft, satiny luster. The 1871 was produced to the extent of just 3,929,500 pieces, a limited mintage by the standards of the circulation strike Indian cent series. 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." With a limited mintage to begin with and most coins destroyed through this process, it is understandable that the 1871 is a scarce to rare issue in all grades. As a full Red Gem, as here, the 1871 is seldom offered, a fact that underscores the fleeting nature of this bidding opportunity for the advanced Indian cent enthusiast. Provenance: From the Silver Springs Collection. PCGS Population: 17; 4 finer in this category (MS-66+ RD finest). PCGS# 2102. NGC ID: 227V. Click here for certification details from PCGS.