1888/7 1C, BN MS(PCGS#2169)

The November 2012 Baltimore Auction

拍卖行

Stack's Bowers

批号

3019

等级

XF40BN

价格

51,287

详细说明

Prized Rarity 1888/7 Indian Cent in Extremely Fine Condition 1888/7 Indian Cent. Snow-1, FS-301. EF-40 (PCGS). CAC. This handsome example of the seldom encountered 1888/7 overdate cent is milk chocolate brown throughout Well struck with a full LIBERTY on the headband and nice surfaces for a gently circulated Indian cent. One of the most sought after varieties of the series, with a mere 39 graded in all gradesby PCGS, most of course showing more circulation than this prize. Discovered by James F. Ruddy in 1970 or so; diligent searching has failed to turn up many more in the intervening decades. Perhaps the obverse die was retired quite early as it developed a rim break in the dentils over TE of UNITED, as no other reason for its rarity is known. The tip of the tail of the 7 is just visible below the final 8, and best viewed with a strong loupe. Considering the rarity of this issue, demand will likely continue to grow. An important and desirable offering for the specialist.Numismatic Reflections by Q. David Bowers It seems like only yesterday but it was 1970 when Jim Ruddy swore me to secrecy and showed me two coins I had never seen before: Mint State examples of a hitherto unknown overdate, the 1888/7 Indian cent. These were found in a Virginia estate and apparently had been kept together since the time of issue. Jim subsequently announced his find to the excitement of the world of numismatics. He had no way of knowing whether the variety would become common when many people examined their coins or whether it would remain rare. The last was the answer and today it seems that the number of nice Mint State pieces could be counted on the fingers of one hand. PCGS# 2169. PCGS Population: 1; 12 finer (MS-64 Red and Brown finest) in all designations.