The famous 1792
Silver Center Cent, an example of the first coin to be struck
inside the Philadelphia Mint building, led all lots in Platinum Night
results from the CSNS
US Coin Signature Auction on Thursday, April 19. This coin
realized $1,150,000, highlighting a Platinum Night that brought
consignors over $12 Million. Overall, the Central
States US Coin Auction realized over $25 million, with an
additional $3.9 million raised in the Currency
Signature Auction, also held at CSNS.
The Silver Center Cent, at MS61 the third finest known, was an
early attempt to manufacture a one cent piece in a manageable size
that still contained roughly its value in metal. A small plug,
believed to be pure silver and worth 3/4 of a cent at the time, was
inserted into the center of a copper planchet, making a very early
version of a bimetallic coin. It wasn't until 1857 when the US Cent
would be permanently minted in a small size.
This auction was rich in proof gold, particularly double eagles. A
double eagle, graded PR67 Cameo by NGC, exemplified the high
demand for these large, beautiful coins when it sold for $241,500.
Beyond its obvious eye appeal, this coin's popularity is assured by a
minuscule circulation strike mintage of 751, which increases the
demand for proof issues like this piece. Another extremely low mintage
coin, the proof-only
1863 quarter eagle, brought $195,500. With only thirty examples
minted and about half of that total believed to be melted, this
Proof-66 Ultra Cameo example is an outstanding example of this classic rarity.