1860 1C Pointed Bust, FS-401 MS(PCGS#37393)

1860 1C Pointed Bust, FS-401 MS (PCGS#37393)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

Lot Description: 1860 Indian Cent. FS-401. Pointed Bust. MS-65 (PCGS). A splendid high grade example of this significant transitional variety from the second year of the Indian cent series. Razor sharp in striking detail, both sides also possess soft satin luster and a silky smooth texture. Otherwise pale tan surfaces reveal subtle pinkish-rose highlights that add further appeal. The 1860 FS-401 variety features the obverse hub of the 1859 Indian cent, identifiable by Liberty's pointed bust. Numismatic scholars suspect that a few undated obverse dies produced from the 1859 hub were carried over into 1860, when the date was added and they were used to strike a small portion of the 20,556,000-piece circulation strike mintage of the latter year. Examples are scarce to rare in all grades, Rick Snow (The Flying Eagle & Indian Cent Attribution Guide, 3rd Edition, Volume 1: 1856-1877, 2014) providing an approximate mintage of just 1,000,000 circulation strikes for the 1860 Pointed Bust. This is one of the finer certified pieces available to today's quality conscious numismatists, a lovely coin that would fit comfortably into an advanced Indian cent collection. Provenance: From the ESM Collection. PCGS Population: 44; 18 finer (MS-67 finest). PCGS# 2056. NGC ID: 227F. Click here for certification details from PCGS.