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Obverse of 1866 Indian Head Cent     Reverse of 1866 Indian Head Cent


1866 INDIAN HEAD CENT

PCGS Nos: 2085, 2086, 2087, 2285, 2286, 2287

Mintage:

Circulation strikes: 9,286,500
Proofs: est. 725

Designer: James B. Longacre

Diameter: 19 millimeters

Metal content:
Copper - 95%
Tin and Zinc - 5%

Weight: 3.11 grams

Edge: Plain

Mintmark: None (for Philadelphia) below the bow of the wreath on the reverse

Notes:
The finest Uncirculated Brown example graded by PCGS is a single MS-66BN.

The finest Uncirculated Red-Brown examples graded by PCGS are 2 MS-66RB's.

The finest Uncirculated Red examples graded by PCGS are 4 MS-66RD's.

The finest Proof Brown examples graded by PCGS are 5 PR-65BN's.

The finest Proof Red-Brown examples graded by PCGS are 3 PR-66RB's.

The finest Proof Red examples graded by PCGS are 3 PR-66RD's.

The finest Proof Cameo examples graded by PCGS are 2 PRCA-66's.

Images courtesy of Heritage Numismatic Auctions

Varieties:
Tripled Die Obverse
Repunched Date 1866/1
Repunched Date 1866/66
Triple Punched Date 1866/1866/6
Misplaced Date

Significant examples:
NGC graded MS-66 Brown.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, lot 1099, illustrated, where it was described as follows: "Snow-1, FND-001, Breen-1971, FS-007.6…The Finest Known! This is essentially a flawless coin. Although graded 66BN, it does have about 10% red remaining. This is one of the top varieties in the entire Indian Cent series. This variety exhibits bold doubling on the portrait visible most on the LIBERTY. It also has the base of a 1 digit boldly visible in the third and fourth pearl on the necklace. There are also the tops of three 6's visible in the denticles below the first 6 in the date. Only seven MS examples are presently reported, with three being MS-64 and one MS-65. Thirty-nine are reported in all grades. This is a very rare and popular variety.

Last reported sales for this variety are all about 4 years old when a PCGS MS64BN sold for $2,400, the sole NGC MS-65RB sold for $5,000. The last sale price noted for this coin was $7,500. Considering the rarity and popularity of this variety and the growth of Indian Cent variety collecting, these values seem relatively cheap.", sold for $4,140.00

Recent appearances:
PCGS graded Proof 65 Red.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, lot 1098, illustrated, where it was described as follows: "…Visually stunning! Deep, deep mirror cameo gem with fully frosted devices. A few flyspecks are visible under magnification and keep the grade of this coin from something closer to total perfection. Closer inspection will reveal small depressions on Liberty's cheek and neck. These are presumably die rust marks and are on every example and are therefore not considered in determining the grade of any 1866 proof. The reverse die is the same die used on the previous lot, the 1865, although it was repolished between the two issues.", sold for $6,612.00

PCGS Proof-64 Red.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6652, not illustrated, sold for $4,255.00

PCGS MS-66 Red.  Ex - Bowers & Merena Galleries' "The Lake Geneva Sale", June 28-29, 2001, Lot 141, illustrated, not sold

NGC MS-66 Brown.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6597, not illustrated, sold for $632.50

MS-65, Red.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1221, illustrated, sold for $4,600.00  From the Howard R. Newcomb collection of Indian Cents, purchased June 30, 1944 from J.G. Macallister

NGC MS-65 Red. Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1157, unsold

NGC MS-65 Red and Brown.  Ex - Bowers & Merena Galleries' "The Lake Geneva Sale", June 28-29, 2001, Lot 142, "Snow-1, Doubled Die", illustrated, sold for $4,370.00

MS-64, Red.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1222, illustrated, sold for $1,610.00

PCGS MS-64 Red.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7536, illustrated, sold for $5,290.00

PCGS MS-64 Red.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7537, illustrated, sold for $1,063.75 

SEGS MS-64 Red.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", 05/2001:194, $747.00

PCGS MS-64 Red-Brown.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 189, "Tripled LIBERTY, Misplaced Digits, Snow-1, FND-001, FS1-007.6, 1-O-V, Rarity-5", $2,990.00

PCGS MS-64 Red-Brown.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 190, "Repunched 1, Snow-3a, FND-003, FS1-007.9, Rarity-unassigned", $690.00

MS-64 Red and Brown (illustrated above).  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000" Sale, August 6-7, 2000:5420, $1,121.25

PCGS MS-64, Red and Brown.  Superior 10/2000, Lot 4027, $460.00

MS-64 Red and Brown.  Heritage Numismatic Auctions, Inc.'s "Santa Clara Signature Sale", November 16-17, 2000, Lot 5073, $920.00

MS-64 Red and Brown.  Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1158, $632.50

MS-64 Red and Brown.  Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001:5454, $833.75 

Sources and/or recommended reading:
"The PCGS Population Report, October 2003" by The Professional Coin Grading Service

"Flying Eagle and Indian Cent Varieties" by Larry R. Steve and Kevin J. Flynn