Chicago OldMoney Rare Coin Collection 22 Part 2 Day 1
By Key Date Coins
Contact auction house
May 18, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
View demo
The auction has ended
LOT 2540:
***Auction Highlight*** 1877 Indian Cent 1c Graded au55 BY SEGS (fc)
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Sold for: $1,900
Price including buyer’s premium:
$
2,242
Start price:
$
1,800
Estimated price :
$2,075 - $4,150
Buyer's Premium: 18%
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***Auction Highlight*** 1877 Indian Cent 1c Graded au55 BY SEGS (fc)
***Auction Highlight*** 1877 Indian Cent 1c Graded au55 BY SEGS. The Key Date to the whole Indian Cent Series. According to Jaime Hernandez from PCGS, ‘The 1877 Indian Cent is unquestionably the most desirable coin in the entire circulation strike Indian Cent series. It is the second lowest mintage coin in the series, and only the 1909-S Indian cent has a lower mintage. Despite the 1877 Indian cent having the second lowest mintage in the series, it also survives in much smaller numbers than the 1909-S Indian cent. This is mainly due to the lack of coins being collected in 1877 compared to 1909. There is only one reverse die confirmed as striking all existing 1877 Indian cents. However, if there was only one reverse die employed to strike all (877,000)1877 Indian cents, then this lone die should have sustained major planchet flaws when striking such a large mintage. Surprisingly, this is not the case since 1877 cents show no traces of a damaged die. Therefore, it is strongly believed that the mintage of 877,000 coins struck, is actually a highly inflated figure. A Key Date's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin

