Lot 1042
1860. NGC graded MS-66. The shield adopted for 1860 and used on the coin until 1909 is simple in design - 13 vertical stripes, or the paleways, surmounted by a set of horizontal lines, or chief.
Another more ornamented shield used with an Oak Wreath for some of the 1858 and 1859 patterns is much more elaborate in design than the shield on the cents in 1860 that the mint chose to go with.
A beautiful example with frosty devices and moderately reflective fields. No contact marks are visible on the obverse, while the reverse has a microscopic nick by the E in ONE. Beyond doubt, this is an outstanding example of this exceptionally desirable date in Gem condition. As with the other 1859-64 copper-nickel Cent issues, many coins struck this year were struck poorly. This lack of quality standards at the Mint has made this a real tough issue to locate in gem condition. The survivor rate seems confirmed by NGC's census, perhaps many substandard examples were subsequently spent. Since there is enormous collector demand for Indian Cents in gem condition, expect fierce rivalry for this beauty. Pop 35; 3 finer in 67.
Estimated Value $1,800 - 1,900.
|
| |
| Unsold |
