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Images courtesy of Superior
Galleries
Varieties:
Type 1 - last feather on the Indian's headdress points between
the I and the C
Type 2 - last feather on the Indian's headdress
points between the C and the A
Significant
examples:
PCGS MS-66 Red (illustrated above). Superior Galleries'
"Pre-Long Beach Sale", June 5-7, 2000, Lot 1090, where it was
described as follows: "Type 2. Last Feather Points Between C-A.
PCGS graded Mint State-66 Red. Midway through the year the mint
revised the master hub on the Indian Cent. Among the small changes
was shifting the last feather's position. Earlier it pointed to the
space between I and C in AMERICA; on the Type 2, this is changed to
the C and A. Full mint red specimens of either variety are extremely
rare, this being a top end grade, as its price realized will surely
tell. (PCGS holder 4302194)."
Price realized = $48,300.00
Recent appearances:
PCGS Proof 67, Red and Brown. Superior Galleries' "Pre-Long Beach
Sale", October 1-3, 2000, Lot 4079, "Variety 1", illustrated, sold
for $1,840.00
PCGS Proof 67, Red and
Brown. Superior Galleries' "Pre-Long Beach Sale", October 1-3,
2000, Lot 4080, "Variety 1", $1,610.00
NGC graded Proof 67 Brown. Ira & Larry Goldberg Coins &
Collectibles, Inc.'s "Benson Collection, Part I", February 16,
18-20, 2001, lot 1127, illustrated, where it was described as
follows: "Variety 2…Absolutely stunning. Although full brown, the
eye appeal of this coin is outstanding. Overall much scarcer than
the Variety 1 proof and at this grade level it is exceptionally
rare. Charles Barber redesigned the obverse of the Indian Cent in
1886. The slight modification is noticeable by comparing the
relationship of the last feather to the ICA in AMERICA. The Variety
1 style is used from 1864. The Variety 2 style was used from late
1886 onward.", $2,300.00
PCGS graded Proof 66
Red. Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson
Collection, Part I", February 16, 18-20, 2001, lot 1126,
illustrated, where it was described as follows: "Variety 1…A very
attractive example with moderately deep mirrors. The tone is a bit
deeper red compared to some of the coins offered earlier. The more
common design type with the last feather pointing between the I & C
of AMERICA. The PCGS population report grouped both the Variety 1
and Variety 2 1886 Proof Indian into one listing as late as 1999.
When they were separated, the entire population was moved into the
Variety 1 listing. This makes the Variety 1 seem more common than it
actually is if one looks solely at that data. However, the reality
is not much different for gem full red proofs. The Variety 2 turns
out to be prohibitively rare in high grades in full red. The
population of 13 in PR65RD and 5 in PR66RD with none higher is
probably very close to correct for the 1886 Variety 1.", $3,680.00
PCGS Proof-66 Red.
Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family
Trust Collection Sale", May 28-30, 2001, Lot 246, "Variety 1",
illustrated, sold for $5,290.00
NGC Proof-66 Red and Brown. Ex - Bowers & Merena Galleries' "The
Lake Geneva Sale", June 28-29, 2001, Lot 161, "Type 2", $2,070.00
NGC Proof-65 Red and
Brown. Ex - Bowers and Merena Galleries' Robert W. Schwan
Collection Sale, October 26-27, 2000, Lot 329, "Type I", unsold
NGC Proof-65 Brown.
Bowers and Merena Galleries' Robert W. Schwan Collection Sale,
October 26-27, 2000, Lot 330, "Type II", $460.00
PCGS Proof 65, Red.
Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson
Collection, Part I", 02/2001, Lot 1284, "Variety 1", $2,300.00
NGC Proof-65, Red and
Brown. Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s
"Benson Collection, Part I", February 16, 18-20, 2001, Lot 1286,
"Variety 2", $2,070.00
PCGS graded Proof 64 Red. Ex - Ira & Larry Goldberg Coins &
Collectibles, Inc.'s "Benson Collection, Part I", February 16,
18-20, 2001, lot 1128, illustrated, where it was described as
follows: "Variety 2…This is an exceptional example for this issue.
One of the rarest dates in the proof Indian Cent series in gem full
red. The coin has moderately deep mirrors with very good eye appeal.
The few full red examples that exist have a light gold tone, nearly
straw colored. Other issues, like 1887 show this same peculiar
color. Be aware that this is normal for the issue and may be a clue
to the reason so few have been graded of these dates in full red.
It's not that these get unfairly rejected by the grading services, I
think they know an original coin when they see them. The coins are
just not out there in full red. Presently only 5 examples are
graded by PCGS in all grades with full red, 4 in MS-64RD and a sole
PR66RD. (The PR66RD was just offered in Heritage's F.U.N. sale
featuring the "Joshua" collection of proof Indian Cents.) NGC has
graded a PR65RD example also. The populations may not reflect the
overall rarity of this issue properly due to the addition of this
listing in 1999, however years of experience have shown this to be
an outstanding rarity.", sold for $6,325.00
PCGS Proof-64 Red. Ex
- Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale",
May 31-June 2, 2001, Lot 7639, "Type 1", not illustrated, sold for
$506.00
Proof-64 Red and
Brown. Ex - Heritage Numismatic Auctions, Inc.'s "Santa Clara
Signature Sale", November 16-17, 2000, Lot 5116, "Type Two", not
illustrated, sold for $356.50
NGC Proof-64 Red and Brown. Ex - Ira & Larry Goldberg Coin &
Collectibles' "The Fairchild Family Trust Collection Sale", May
28-30, 2001, Lot 247, not illustrated, sold for $270.00
Choice Brilliant
Proof. Ex - Stack's "65th Anniversary Sale", October 17-19, 2000,
Lot 151, "Type II", plated, sold for $299.00
PCGS graded MS-65
Red. Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson
Collection, Part I", February 16, 18-20, 2001, lot 1129,
illustrated, where it was described as follows: "Variety 2…Here is
an outstanding example of one of the toughest dates in the Indian
Cent series to find in gem full red condition. This is a fully
struck example with outstanding eye appeal. An earlier die state
than is typically seen. Many coins of this date that exist in high
grade came from an original roll that was sold at auction in 1983
(Auction '83 lot #1548). Coins from this source are all late die
state pieces with wavy uneven fields and softer devices. This coin
is not from that group and is one of the finest examples known.
Collectors usually underestimate this date when assembling their
collections. As a result this is usually one of the final pieces to
be added.", sold for $21,850.00
PCGS MS-65 Red and Brown. American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
, Lot
220, "Type I, Repunched 6, Snow-4, Rarity-unassigned",
$1,150.00
NGC MS-65, Red and
Brown. Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s
"Benson Collection, Part I", February 16, 18-20, 2001, Lot 1285,
"Variety 1", $661.00
PCGS MS-65 Red and Brown. Ex - Heritage
Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June
2, 2001, Lot 7579, "Type 2", not illustrated, sold for $3,451.15
PCGS
MS-64 Red. Ex
– American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
, Lot
221, "Type I", illustrated, sold for $805.00
MS-64 Red. Ex -
Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot
4081, "Variety 1", not illustrated, sold for $431.25
PCGS MS-64, Red. Ex -
Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson
Collection, Part I", February 16, 18-20, 2001, Lot 1287,
illustrated, sold for $3,910.00 From the Howard R. Newcomb
collection of Indian Cents, purchased June 30, 1944 from J.G.
Macallister
SEGS MS-64, Red. Ex -
Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot
4082, "Variety 2", illustrated, not sold
MS-64 Red. Ex - Ira &
Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale",
October 2-3, 2000, Lot 1416, "Type I"
PCGS MS-64 Red. Ex -
Superior Galleries "The ANA 2001 National Money Show Auction", March
8-9, 2001, Lot 51, unsold
MS-64. Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M.
LaRiviere, Part II", March 15-17, 2001, Lot 1220, "Type 1", sold for
$460.00
PCGS
MS-64 Red and Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
, Lot 222,
"Type II, Misplaced Digits, 88 in Dentils, Snow-8, FND-003,
Rarity-unassigned", illustrated, sold for $1,840.00
PCGS MS-64 Red and
Brown. Heritage Numismatic Auctions, Inc.'s "Long Beach Signature
Sale", May 31-June 2, 2001, Lot 7578, "Type 1", not illustrated,
sold for $356.50
PCGS
MS-63 Red.
Ex
– American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003 , Lot
223, "Type II", illustrated, unsold
MS-63 Red and Brown,
Questionable Color. Ex- Heritage Numismatic Auctions, Inc.'s
"October 2000 Long Beach Sale", October 5-7, 2000, Lot 6664, "Type
I", not illustrated, not sold
Brilliant
Uncirculated. Stack's "The September Sale", September 12-13, 2000,
Lot 152, sold for $1,207.50
Brilliant Uncirculated, Red and Brown. Stack's "The Marvin Taichert
Collection of U.S. Type Coins", May 9, 2001, Lot 162, not plated,
sold for $322.00
Sources and/or recommended
reading:
"The PCGS Population Report, October 2003" by The
Professional Coin Grading Service
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