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

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2321

等级

MS66+RD

价格

21,675

详细说明

1864 Indian Cent. Bronze. MS-66+ RD (PCGS). The beautiful surfaces are frosty with full original mint color in vivid orange-apricot. Sharply struck overall, there is modest semi-reflectivity in the fields that enhances the eye appeal. 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 in and around the center on obverse, which features obscured circulate lathe lines (as made) to the point where we are unable to determine conclusively whether this coin is Snow-11. The strike is still sharp overall, as previously stated. This is a simply outstanding example of the issue that is worthy of the strongest bids. Condition Census. Provenance: From the BSC Indians Collection, the current 7th Finest on the PCGS Set Registry. PCGS Population: 8; 3 finer in this category (all MS-67 RD). PCGS# 2078. NGC ID: 227L. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.