Legend Rare Coin Auctions sold $2,626,632.60 in rare coins at its
Dec. 17, 2015, Regency Auction XV in Las Vegas, Nev., as part of the
Professional Coin Grading Service Members Only show.
While a few of the expected top lots did not meet their reserves,
dozens of top quality 19th century Proof coins, many with striking
Deep Cameo contrast between the fields and devices, found new homes in
the final major rare coin auction of 2015.
1877 Indian Head cent, Proof 65 red and brown, CAC
The regular issue 1877 Indian Head cent is a key to the series
due to its low mintage and survival rate. The Proof issue of this date
has long been prized owing to the rarity of Mint State examples, with
some collectors preferring a Proof example over a Mint State one to
represent the date in their collections.
The example offered in the Dec. 17 auction was graded Proof 65 red
and brown by PCGS with a green Certified Acceptance Corp. sticker and
sold for $7,637.50 with the buyer's fee against an estimate of $6,000
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With a low mintage of just 900 Proofs, this is one of the finer
examples known. Legend observed that the original Mint color was
especially noteworthy, writing, “This one is virtually red with just
minor fading on both sides and glorious golden rose accents in the
fields.” Just a few carbon spots and specks kept it from a higher grade.