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1872 Indian Cent. Bold N. MS-63 RB (PCGS).

Original Lot at Stack's Bowers

Lot #
226
Grade
MS63RB
Sale Price
$780.00

Auction Details

Firm Sale Type Name Date Notes Lot
Stack's Bowers Auction October 2018 Baltimore U.S. Coins Auction Oct-2018 1872 Indian Cent. Bold N. MS-63 RB (PCGS). A fully original, aesthetically pleasing example that retains plenty of medium orange color that shines forth nicely through an overlay of mottled steel-brown patina. 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 boldly defined Red and Brown example, the significance of the present offering should be obvious to serious Indian cent enthusiasts. PCGS# 2104. NGC ID: 227W. Click here for certification details from PCGS.

Coin Details

PCGS # Service Cert # PCGS Pop PCGS Pop Higher PCGS Price GuideSM Value Set Registry
2104 PCGS 35967997 130 348 $1,500.00 View a set that requires this coin
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