May 26-27, 2003, The Dr. Jacob Terner Collection, Sale 20

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U. S. Coins

Indian Head Cents

 

Lot 1048 Click on photo for enlarged version Click on photo for enlarged version
1859. PCGS graded Proof 64. Medium mirrors on this one year type. Only 800 proofs were made of this first year Indian Cent. Based on the number of survivors, Rick Snow's opinion that probably only 500 pieces were sold at the time. The remainder may have been destroyed or placed in circulation. This date is popular with both date collectors and type collectors.
Estimated Value $2,000-2,250.

 

Lot 1049 Click on photo for enlarged version Click on photo for enlarged version
1859. NGC graded MS-65. Sharply struck with full feathertips and diamonds. Great luster and color on this one year type.
Estimated Value $2,000-2,250.

 

Lot 1050 Click on photo for enlarged version Click on photo for enlarged version
1860. PCGS graded Proof 65. Sharply struck with near perfect surfaces. Very shallow mirrors as is typical for this issue. Only a couple of contact marks on the reverse detract. The quality of the 1860 proofs is typically dismal. It is sometimes possible to find proofs of this date graded as with a MS designation.
Estimated Value $2,750-3,000.

 

Lot 1051 Click on photo for enlarged version Click on photo for enlarged version
1860 Rounded Bust. PCGS graded MS-66. Bright and unusually sharp. No spots and only a few light marks on the reverse. Full diamonds and feather tips.
Estimated Value $1,000-1,250.

 

Lot 1052 Click on photo for enlarged version Click on photo for enlarged version
1860 Rounded Bust. PCGS graded MS-65. Eagle Eye Photo Seal. An extremely choice example housed in a first generation PCGS slab. Virtually perfect surfaces with great luster. A light spot by the O in OF is all that hold this down from a higher grade. Sure to attract many bidders.
Estimated Value $700-800.

 

Lot 1053 Click on photo for enlarged version Click on photo for enlarged version
1860 Pointed Bust. NGC graded MS-64. Average strike with slightly muted luster. This is much scarcer than the rounded bust type. A few microscopic spots are visible on the reverse.
Rick Snow writes in his "Flying Eagle and Indian Cent Attribution Guide, Vol. 2, 1859-1869" That the 1860 pointed bust design is found on no less than seven different dies. These are the same portrait design as used only on 1859. Snow postulates that the Mint had on hand these seven undated dies at the end of 1859. These where then dated with the new years date and put into service. But why did the Mint change the design to the rounded bust after that? It is possible that for some reason the pointed bust master die somehow rendered unusable to make new hubs, so the Mint had to go back to the 1858 pattern design with the rounded bust point and use that master die to create its hubs for the new 1860 dies.
Estimated Value $600-750.

 

Lot 1054 Click on photo for enlarged version Click on photo for enlarged version
1861. PCGS graded Proof 64. Full strike with medium mirrors. A scattering of marks is visible in the field in front of the portrait. This is one of the toughest dates in the proof Indian cent series. The Mint had poor sales of proof coins this, the first year in the Civil War. According to Richard Snow in his "Flying Eagle and Indian Cent Attribution Guide Vol. 2 1859-1869", of the 1000 pieces reportedly minted, only 134 pieces were sold prior to April 30th. A large percentage of the remaining pieces may have been still on hand at the Mint at the end of the year. These may have been released into circulation, or otherwise destroyed. The estimated population of survivors is more like 300 total. The typical quality of these is quite poor, which makes and gems quite hard to find.
Estimated Value $2,500-3,000.

 

Lot 1055 Click on photo for enlarged version Click on photo for enlarged version
1861. NGC graded MS-65. A sharp early die state example. Great strike. Only a few marks are noticeable.
Estimated Value $650-700.

 

Lot 1056 Click on photo for enlarged version Click on photo for enlarged version
1862. PCGS graded Proof 65. A very attractive example with moderately deep mirrors. Although fewer of this date are reportedly struck than most of the other copper nickel issues, many more have survived to the present day.
Estimated Value $2,000-2,500.

 

Lot 1057 Click on photo for enlarged version Click on photo for enlarged version
1862. NGC graded MS-65. A sharp early die state example. Great strike. Only a few marks are noticeable.
Estimated Value $650-700.

 

Lot 1058 Click on photo for enlarged version Click on photo for enlarged version
1863. PCGS graded MS-66. Good luster. Average strike with a few light marks not typically associated with the grade.
Estimated Value $700-800.

 

Lot 1059 Click on photo for enlarged version Click on photo for enlarged version
1863. NGC graded Proof 64. Although obviously a proof, this example does exhibit extensive hairlines and pitting not usually associated with the grade. Visual inspection is recommended.
Estimated Value $450-500.

 

Lot 1060 Click on photo for enlarged version Click on photo for enlarged version
1864. Copper-nickel. NGC graded Proof 64. A beautiful example with frosted devices and deep mirror fields. This would probably be worth of a "cameo" designation were this coin to be resubmitted. Color photo.
Estimated Value $1,200-1,300.

 

Lot 1061 Click on photo for enlarged version Click on photo for enlarged version
1864. Copper-nickel. NGC graded MS-65. Good luster but a very late die state piece, which gives the coin a mushy appearance. Mostly devoid of marks.
Estimated Value $900-1,000.

 

Lot 1062 Click on photo for enlarged version Click on photo for enlarged version
1864. Bronze. NGC graded MS-66 Red & Brown. A super fully struck example with outstanding luster and eye appeal. Many 1864 bronze "No L" pieces were struck with extremely worn dies, creating mushy details. This is because the Mint used the same dies to strike the bronze pieces and the earlier copper nickel pieces. Finding early die state pieces is therefore much harder than other dates.
Estimated Value $400-500.

 

Lot 1063 Click on photo for enlarged version Click on photo for enlarged version
1864. Bronze, with "L". Snow 10. NGC graded MS-66 Red & Brown. A very bold repunched date. Possibly one of the finest graded of the variety. This coin is fully struck and exhibits a warm even color. Many repunched dates exist for most dates in the Indian cent series. The collector base is growing steadily. The standard reference for these varieties is Rick Snow's "Flying Eagle and Indian Cent Attribution Guide" which is being published in 6 volumes over a few years. Volume 1 which covers 1856-1858 has been out for a year or so. Volume 2 which covers 1859-1869 is currently being published as this sale goes off.
Estimated Value $1,500-2,000.

 

Lot 1064 Click on photo for enlarged version Click on photo for enlarged version
1865. PCGS graded Proof 65 Red & Brown. PQ. 75% Full Red color in a blazing, brilliant format. Full, bold strike. One tiny carbon spot by the feathers beneath OF. A true, premium quality Proof.
Estimated Value $1,750-2,000.

 

Lot 1065 Click on photo for enlarged version Click on photo for enlarged version
1865. PCGS graded Proof 64 Red & Brown. An even colored golden mahogany. Medium mirrors with no distracting spots or marks. This is a very scarce date in the proof Indian cent series, unlike the business strikes of this year.
Estimated Value $500-700.

 

Lot 1066 Click on photo for enlarged version Click on photo for enlarged version
1865 Fancy 5. PCGS graded MS-64 Red. Well struck with outstanding luster. The coin exhibits some light toning spots, probably appropriate for the grade.
Estimated Value $400-500.

 

Lot 1067 Click on photo for enlarged version Click on photo for enlarged version
1865. NGC graded Proof 64 Brown. Although obviously a proof, the coin lacks mirrors of any depth. The coin is a dark slate color. A few hairlines are present.
Estimated Value $200-250.

 

Lot 1068 Click on photo for enlarged version Click on photo for enlarged version
1865. Plain 5. NGC graded Proof 65 Red & Brown. Deep, fiery red and purple iridescence, with flashes of gold rounding out the reverse. The intense eye appeal should elevate the final price of this lovely Gem.
Estimated Value $1,000-1,200.

 

Lot 1069 Click on photo for enlarged version Click on photo for enlarged version
1865. Plain 5. NGC graded MS-66 Red & Brown. This coin has a decent strike and wonderful cartwheel luster. Some light spotting is present, which is unusual, given the high grade.
Estimated Value $600-750.

 

Lot 1070 Click on photo for enlarged version Click on photo for enlarged version
1865. Fancy 5. NGC graded MS-66 Red & Brown. Warm even honey colored tone. A slightly late die state, but very few marks. Well struck.
Estimated Value $500-600.

 

Lot 1071 Click on photo for enlarged version Click on photo for enlarged version
1866 180° Rotated Reverse. NGC graded MS-65 Red & Brown. An unusual coin with the dies rotated 180° from the normal, known as a medallic turn. We do not remember any other 1866 dated Indian cent showing a medallic turn. This is a fully struck example with outstanding luster and eye appeal. The obverse is nearly full red. The reverse is closer to brown.
Estimated Value $1,000-1,200.

 

Lot 1072 Click on photo for enlarged version Click on photo for enlarged version
1866. NGC graded Proof 64 Red & Brown. Eagle Eye Photo Seal. Nearly full red with good mirrors. This is a tough date in the both the proof series and in MS format. Only one die was used to strike proofs of this year. It is curious that the die has some roughness on lady Liberty's cheek and neck. All 1866 proofs have this anomaly. Before grading services realized this, it was difficult to get high grades for this date.
Estimated Value $500-600.


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