Lot 504
1861. PCGS graded Proof 65. Nicely toned. Eagle Eye sticker on this holder. A beautiful Gem toned example with frosted devices and moderately deep mirrors. None of the usual spots or flyspecks are present, making this an outstanding example of an exceptionally challenging date. As with the 1860 Indian cent Proofs, most coins struck this year were from moderately mirrored dies. This lack of deep proof finish at the Mint has made this difficult to locate in gem condition. Out on an original mintage of 1000 pieces, perhaps 400 were released. The number seen seems to be especially low, since substandard examples were subsequently spent, or included collections as business strikes.
There is enormous collector demand for the 1861 Indian cent in gem condition. Expect brutal competition for this magnificent piece. Pop 17; 2 in 66 (PCGS # 2256) .
Estimated Value $5,000 - 5,500.
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