1874 1C, RD MS(PCGS#2120)

November 2019 Baltimore U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

1106

Grade

MS65RD

Price

4,800

Lot Description

1874 Indian Cent. MS-65 RD (NGC). CAC. OH. Luxurious frosty surfaces are sharply struck throughout the design with lovely medium rose color. The year 1874 saw a radical shift in the Mint's handling of earlier dated bronze cents which it had been redeeming since 1871. Rather than melt those coins and use the metal to strike new examples (as it had done from 1871 through 1873), the Mint began to reissue redeemed coins alongside newly struck pieces. Accordingly, the 1874 has a higher rate of survival than the bronze Indian cent issues of 1864 to 1873. Even so, this is a conditionally challenging issue with few survivors from the mintage of 14,187,500 pieces grading finer than Choice Mint State. Full Red Gems such as this are seldom offered, and this coin is far more attractive than many identically graded pieces that we have handled recently. Sure to sell for a strong bid. NGC Census: 20; 3 finer in this category (all MS-66 RD). PCGS# 2120. NGC ID: 227Z. Click here for certification details from NGC.