1872 1C, RD MS(PCGS#2105)

August 2020 U.S. Coins Auction

Auktionator

Stack's Bowers

Losnummer

2330

Erhaltungsgrad

MS64RD

Preis

4.920

Losbeschreibung

1872 Indian Cent. Bold N. MS-64 RD (PCGS). Bathed in handsome deep rose color, this impressive condition rarity also offers lively mint luster and predominantly sharp striking detail. One of the leading condition rarities in the Indian cent series, the 1872 boasts a relatively limited 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, many of the circulation strikes produced in 1872 meeting a similar fate in subsequent years. Since bank reserves were a primary source for Mint State examples for many classic U.S. Mint issues, it is little wonder that relatively few Uncirculated 1872 cents survived. When offered in Mint State at all, the 1872 is apt to be poorly struck with little to no original color. As a sharply defined, full red near-Gem, the significance of the present example can hardly be overstated. Provenance: From the BSC Indians Collection, the current 7th Finest on the PCGS Set Registry. PCGS Population: 48; 23 finer in this category (MS-66 RD finest). PCGS# 2105. NGC ID: 227W. 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.