1872 1C, BN MS(PCGS#2103)

December 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1164

等级

MS66BN

价格

17,303

详细说明

1872 Indian Cent. Bold N. MS-66 BN (NGC). CAC. OH. This 1872 cent offers exceptional surface preservation for this well known and highly regarded key date early bronze Indian cents. Rich antique copper patina dominates the appearance, although there is also plenty of deep orange and, on the reverse, pinkish-rose colors. Lustrous and satiny surfaces are sharply struck, silky smooth and very pleasing. One of the leading condition rarities in the Indian cent series, the 1872 has a mintage of 4,042,000 circulation strikes. This figure can be explained by limited commercial demand for cents during the Reconstruction era. Pursuant to the Act of March 3, 1871, the Treasury redeemed and meted 5,635,999 bronze cents in 1872 (along with 5,751,073 copper-nickel cents), thereby reducing banks' stocks of coins that were not needed in circulation. This redemption policy continued through 1881, many of the circulation strikes produced in 1872 meeting a similar fate in subsequent years. Since bank reserves were a primary source for Mint State examples of many classic U.S. Mint issues, relatively few Uncirculated 1872 cents survived. When offered in Mint State, the 1872 is apt to be poorly struck with little to no original color. As a sharply defined Gem with appreciable mint color remaining, the present example is truly significant. Provenance: From the Larry H. Miller Collection. NGC Census: 4; 0 finer in this category. CAC Population: 2; 0. PCGS# 2103. NGC ID: 227W. Click here for certification details from NGC.