1886 1C Type 2, RD MS(PCGS#92156)

1886 1C Type 2, RD MS (PCGS#92156)

The Regency Auction 34

Lot Description: There are two varieties of 1886 cent, distinguished by the letters that the lowest point of the Indian's headdress points to. For Variety 2, as here, it points to the space between the C and A of AMERICA, while Variety 1 the feather points to the space between I and C. The variety offered here is certainly scarcer in the highest Red Mint State grades, as this coin is tied for second FINEST graded at PCGS. The Variety 2 cents also have a very distinctive luster that is extremely satiny and not a brilliant cartwheel luster as often seen. The present coin has a vibrant and bold red color that has very attractive golden accents that really pop when rotated. Struck from a later die state, the dies show evidence of clashing and some crumbling at the peripheries which help explain some of the bluntness of definition in areas. We note a few, insignificant flecks for accuracy, the largest is at the upper right serif of E in ONE, which will serve as a pedigree marker for this impressive GEM! PCGS 10, NGC 9, CAC 5. There are only 2 in MS65+ RD, the other one sold in the 2015 ANA auction for $18,800 and the current PCGS Price Guide value is listed at $22,000. There are just seven MS66 RDs finer, which carry a PCGS Price Guide value of $42,500. We suggest if you are working on a world class set, you do yourself a favor and bid on this GEM. Good luck! Cert. Number 37665981 PCGS # 092156