Lot 417
1877-S. PCGS graded MS-65 PQ. CAC Approved. Nice light blue toning on both sides. A well struck and richly frosted example. The Specie Payment Resumption Act of January 14, 1875, was a law in the United States which restored the nation to the gold standard through the redemption of previously unbacked United States Notes and fractional currency, It reversed the inflationary government policies promoted directly after the American Civil War. As the Fractional Currency notes were redeemed, the Mints struck increasing quantities of silver minor coins in 1875-78. By the end of 1876 more than $15,000,000 in fractional notes had been redeemed, and in October, 1877, the total reached $23,000,000, with bright new silver dimes, quarters and half dollars taking their place. Pop 30; 23 finer, 1 in 65+, 17 in 66, 4 in 66+, 1 in 67 (PCGS # 5506) .
Estimated Value $1,400 - 1,500.
|
| |
| Realized $1,763 |
