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

Indian Head Cents

Lot 1098
1875. PCGS graded Proof 65 Red & Brown. Deep mirrors on the obverse giving a slight cameo contrast. Woodgrain toning on the reverse as is common on early 1870's Indian Cents. The obverse is very close to full red. This is a very difficult date to find with attractive surfaces such as this example. This has the same reverse die as seen on the 1872 and 1874 earlier in the sale with the bulging T.
Estimated Value $750-900.

Lot 1099
1875. Proof 64 Red & Brown. We note a tiny mark on the cheek and some scattered light fly-specks. Only 700 or so proofs made.
Estimated Value $240-275.

Lot 1100
1876. NGC graded MS-65 Red & Brown. Great luster. Mahogany red in the centers, fading to gold around the rims. Sharply struck with no mentionable spots or distractions. There is a raised S shaped line on lady Liberty' cheek. This is a lint hub-through. When the die is impressed with the hub, any lint or foreign object will be impressed into the die as well. This depression in the die transfers to all coins from that die as a raised line.
Estimated Value $800-900.

Lot 1101
1876. NGC graded Proof 65 Red & Brown. Medium mirrors with a honey golden tone. Problem free surfaces and very close to full red. This has the same reverse die as seen on the 1872, 1874, and 1875 earlier in the sale with the bulging T.
Estimated Value $750-900.

Lot 1102
1876. Proof 64 Red & Brown. Nice mahogany iridescent toning. Approximately 1150 proofs struck.
Estimated Value $275-300.

Splendid Business Strike 1877 Indian Cent

Lot 1103
1877. NGC graded MS-64 Red & Brown. Well struck with very few marks. The surfaces are toned mostly brown on the obverse while the reverse is mostly red. This is widely known to be the key date in the Indian cent series. Curiously, Rick Snow reports that only two obverse dies and one reverse die is known for all the 852,500 business strikes reportedly minted. This is very unusual, as Mr. Snow relates that the average die struck about 200,000 coins during this period. Also, the known dies do not show remarkable die wear that would be associated with such a high mintage on so few dies. What does this mean? Possibly, the true mintage of the 1877 Indian cent is much lower than actually reported. Snow offers an opinion that perhaps only 250,000 were struck in all. If this is so, then the remainder of the mintage could have been coins dated 1876. No hard evidence for this theory is available yet, so this is at best just a thought experiment offered by Mr. Snow.
Estimated Value $4,000-4,500.

Lot 1104
1877. NGC graded Proof 64 Brown. Although graded with a brown designation, the coin has a large percentage of red. There are numerous spots, so a personal inspection is recommended. The reverse die is the bulging T die which is the same as found on many proof dates from 1872 to 1877.
Estimated Value $1,300-1,500.

Lot 1105
1877. ANACS graded Fine-15. A very nice example of this key date Indian Head Cent.
Estimated Value $700-750.

Lot 1106
1878. NGC graded Proof 65 Red. This is a beautiful flashy example with deep mirrors and spotless surfaces.
Estimated Value $1,000-1,250.

Lot 1107
1878. NGC graded MS-66 Red & Brown. A fully struck example with nearly full red color and outstanding surfaces. There are a few light spots present, but this is balanced by an very attractive look. It is a gem in any regards.
Estimated Value $500-750.

Lot 1108
1878. NGC graded Proof 66 Red & Brown. Medium mirrors with mostly brown color that flashes with much more red when it is reflected into the light. A small lint strike-through is visible on the cheek. These are an artifact of the striking process and as such are less of an indignity as contact marks or spots, which are absent on the present coin.
Estimated Value $500-750.

Lot 1109
1879. NGC graded Proof 66 Red Snow PR-1. This is a bright gold beauty. The obverse is essentially flawless. The reverse shows a flaw under the T in CENT that, judging from NGC's opinion must be Mint caused. There is wide repunching on the 8 and 9 to the east. This die is later reground so the repunching and used on business strike pieces. These are listed as Snow-1. Color photo.
Estimated Value $2,000-2,500.

Lot 1110
1879. PCGS graded Proof 67 Red & Brown Snow PR-1. This beauty has exceptional surfaces with outstanding even color. It flashes nearly full red in the light. This is the PR-1 die pair with a wide repunching on the 8 and 9 to the east.
Estimated Value $1,200-1,500.

Lot 1111
1879. NGC graded MS-66 Red & Brown Snow-1. Same dies as PR-1, listed above. This is a later die state with the repunching visible only inside the lower loop of the 8. This coin has fabulous luster with rose and gold toning. The surfaces are mark free except for a tiny tick on the cheek.
Estimated Value $400-500.

Lot 1112
1880. NGC graded MS-65 Red. Snow-4. Fully struck with bright gold color. Broken 88, which is caused by a defective digit punch. At least 3 different dies have been seen with this anomaly.
Estimated Value $750-900.

Lot 1113
1880. NGC graded Proof 66 Red & Brown. This coin possesses a high quantity of red color and has very few imperfections to speak of. Mirrors are moderately deep.
Estimated Value $500-600.

Lot 1114
1880. NGC graded MS-66 Red & Brown. Extremely well struck. This coin shows every detail crisp and bold. Only a few light marks on the chin and in the field by TE in STATES are worth mentioning.
Estimated Value $500-600.

Lot 1115
1881. PCGS graded Proof 66 Red. This is a deep mirror gem with highly polished fields. The fields are so heavily polished, that the lower parts of the design have been polished into the field. Color photo.
Estimated Value $1,400-1,500.

Lot 1116
1881. PCGS graded MS-65 Red. This is a deep mirror gem with highly polished fields. The fields are so heavily polished, that the lower parts of the design have been polished into the field.
Estimated Value $600-750.

Lot 1117
1882. NGC graded MS-65 Red. This coin exhibits a deep fiery golden tone that is very captivating. Well struck with only a few marks.
Estimated Value $600-750.

Lot 1118
1882. NGC graded Proof 66 Brown. Some lavender and rose iridescent toning, which is due usually to long term storage in original Mint envelopes.
Estimated Value $400-500.

Lot 1119
1882. NGC graded Proof 65 Red & Brown. Lots of red remains on the obverse while the reverse is a bit more subdued. A scattering of flyspecks is visible on the obverse.
Estimated Value $350-400.

Lot 1120
1883. NGC graded Proof 66 Red & Brown. This is an exceptional example with outstanding purple and rose toning on the reverse. The mirrors are slightly muted.
Estimated Value $500-600.

Lot 1121
1883. NGC graded MS-66 Red & Brown. A full strike example with lots of luster. No marks present as one would expect for the grade. The coin exhibits much more brown than red.
Estimated Value $400-500.

Lot 1122
1884. NGC graded Proof 65 Red. Brilliant red centers fading to gold around the rims. A gem quality proof with deep mirrors.
Estimated Value $750-850.

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