1860 1C MS(PCGS#2058)

June 2021 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

1296

Grade

MS67

Price

9,300

Lot Description

Extraordinary Superb Gem 1860 Indian Cent 1860 Indian Cent. Rounded Bust. MS-67 (PCGS). This impressive Superb Gem is fully struck with smooth, lively satin luster throughout. Both sides display original toning, with particularly vivid champagne-apricot and salmon pink iridescence evident. The supply of newer small cents in circulation had reached a point in the summer of 1860 at which the exchange program set up three years earlier to remove from circulation the old copper coins and foreign silver coins ceased. As a result, cent production was lower than it had been the previous year. Most of the 20,566,000 circulation strike 1860 Indian cents were coined from dies prepared from the newly introduced Rounded Bust obverse hub. Thanks to widespread hoarding during the Civil War, this issue is readily obtainable in lower Mint State grades. Connoisseurs will take keen notice when this exceptional MS-67 example crosses the block, for it is a significant condition rarity that numbers among the finest certified by PCGS. PCGS Population: 11; two finer in MS-67+. PCGS# 2058. NGC ID: 227F. 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.