1864 1C Bronze, RD MS(PCGS#2078)

1864 1C Bronze, RD MS (PCGS#2078)

December 2020 U.S. Coins Auction

详细说明: 1864 Indian Cent. Bronze. MS-66 RD (NGC). Wisps of pretty pinkish-rose iridescence accent warmer golden-apricot color. This is a boldly struck and satiny Gem with much that will appeal to collectors of high grade Indian cents. Due to the economic uncertainty of the Civil War, gold, silver and, eventually, copper-nickel coins disappeared from circulation in the East and Midwest. Hoarding led to a coinage shortage in those regions that the federal government was slow to address. To fill the void, private merchants issued copper tokens on cent-size planchets, which became quite popular. The federal government finally issued its own bronze cent; the authorizing Act of April 22, 1864 also declared the merchants' tokens illegal. (Legislation that was widely ignored.) Most 1864 bronze cents were struck from dies that do not display the designer's initial L on the obverse, many of which were leftover from the copper-nickel coinage of that year. The use of worn dies explains why most 1864 bronze cents are poorly defined. The present example does show evidence of die erosion on both sides, although the strike is still quite bold. Certainly an upper end example of the issue that is worthy of serious bidder consideration. Provenance: From the Larry H. Miller Collection. NGC Census: 29; 5 finer in this category (MS-67+ RD finest). PCGS# 2078. NGC ID: 227L. Click here for certification details from NGC.