148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
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LOT 1177:
***Auction Highlight*** 1877 Indian Cent 1c Graded xf40 details By SEGS (fc)
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Sold for: $950
Start price:
$
5
Estimated price :
$1,000 - $2,000
Buyer's Premium: 18%
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***Auction Highlight*** 1877 Indian Cent 1c Graded xf40 details By SEGS (fc)
***Auction Highlight*** 1877 Indian Cent 1c Graded xf40 details 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.
