1877 1C, RD PR(PCGS#2320)

August 2019 ANA U.S. Coins Auction Rosemont, IL

拍卖行

Stack's Bowers

批号

5025

等级

PR67RD

价格

355,749

详细说明

Extraordinary Gem Proof 1877 Indian Cent None Graded Finer by PCGS 1877 Indian Cent. Snow-PR3. Proof-67 RD (PCGS). This is an incredible condition rarity that will nicely represent this eagerly sought issue in the Proof Indian cent series. Both sides are wonderfully original with vivid color. The reverse displays even salmon pink and the obverse exhibits a blend of salmon pink and slightly lighter medium orange. Warm undertones of olive are also noted for the reverse. Otherwise highly reflective in finish, a somewhat satin texture to the devices provides modest cameo contrast. The strike is full, as befits the method of manufacture, and the surfaces are silky smooth and virtually pristine. With a mintage of 852,500 pieces and a low rate of survival in high grades, the circulation strike 1877 is the key date in the Indian cent series. Consequently, survivors of the year's Proof mintage enjoy heightened demand. The United Sates Mint did not begin recording the number of Proof minor coins struck each year until 1878, so there is no way of knowing exactly how many Proof cents were produced in 1877. In his 1977 Encyclopedia of U.S. and Colonial Proof Coins, Walter Breen estimated the mintage of the 1877 at 510+ pieces, but more recent research by R.W. Julian confirmed that Breen's figure represented only the total number of silver and minor coin Proof sets sold. According to Rick Snow (2014), a more accurate estimate for the distribution of this issue is 910 coins, which takes into account the fact that the Mint also sold at least 400 minor coin Proof sets that year. It is thought that upward of 1,500 Proof 1877 cents were actually struck, the unsold pieces either destroyed in the Mint or released into circulation. The 1877 Proof cent commands a significant premium in all grades due to the rarity of the circulation strike 1877 in Mint State. On the other hand, most Proofs are in lower grades through Proof-64 RB. The present full Red Superb Gem is a significant condition rarity in its own right and numbers among the finest examples of the date available. Provenance: From the ESM Collection. Earlier from Heritage's sale of the Palm Beach Collection, January 2004 FUN Signature Sale, lot 4388. PCGS Population: 2; 0 finer in this category. PCGS# 2320. NGC ID: 229W. Click here for certification details from PCGS.