1872 1C, RD MS(PCGS#2105)

August 2021 ANA U.S. Coins Auction

拍卖行

Stack's Bowers

批号

4018

等级

MS65RD

价格

287,643

详细说明

Gem Full Red 1872 Cent 1872 Indian Cent. Bold N. MS-65 RD (PCGS). CAC. Eagle Eye Photo Seal. A simply outstanding example of this scarce and conditionally challenging 1870s Indian cent. Lovely mint color in light golden-apricot greets the viewer from both sides, which are equally well struck with just a touch of softness to isolated peripheral features. Satiny in texture with a virtually pristine appearance, it is little wonder that this beautiful Gem ranks among the finest certified survivors of this key date issue. One of the leading condition rarities in the Indian cent series, the 1872 boasts a relatively limited 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 melted 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 for many classic U.S. Mint issues, it is little wonder that relatively few Uncirculated 1872 cents survived. When offered in Mint State at all, the 1872 is apt to be poorly struck with little to no original color. As a sharply defined, full red Gem, the significance of the present example can hardly be overstated. Provenance: From the Silver Springs Collection. PCGS Population: 18; 4 finer in this category (MS-66 RD finest). CAC Population: 7; 0. PCGS# 2105. NGC ID: 227W. Click here for certification details from PCGS.