1872 1C, RB MS(PCGS#2104)

1872 1C, RB MS (PCGS#2104)

March 2021 U.S. Coins Auction

详细说明: 1872 Indian Cent. Bold N. MS-65 RB (PCGS). This pretty piece retains plenty of deep rose-orange mint color, while both sides are also attractively toned in steely lilac-brown iridescence. Smooth and satiny surfaces are sharply struck in all but a few isolated areas. 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, and many of the circulation strikes produced in 1872 met 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 well defined Gem with appreciable mint color remaining, the present example is truly significant. Provenance: From the Bimyway Collection. PCGS# 2104. NGC ID: 227W. Click here for certification details from PCGS.