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Varieties:
Pointed Bust
Rounded Bust
Notes:
The finest Uncirculated 1860 One Cents graded by PCGS are 7 MS-67's.
The finest Uncirculated "Pt. Bust" example graded by PCGS is a single
MS-67.
The finest Proof 1860 One Cents graded by PCGS are 4 PR-66's.
The finest Proof Cameo 1860
One Cents graded by PCGS is a single PR-66CA.
Recent appearances:
PCGS graded Proof 65. Ex - Ira &
Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I",
February 16, 18-20, 2001, lot 1085, illustrated, where it was described as
follows: "…A visually appealing example with moderate mirrors and
exceptional eye appeal. The surfaces are free of any contact marks. The
coin exhibits a beautiful light golden tone. The first year of the series
featuring the Lady Liberty in a Native American headdress paired with the
new reverse featuring a wreath of oak with a sprig of olive and three
arrows knotted at the base with a ribbon. The federal shield of the Union
is featured above the wreath. This design is continued until the end of
the series, with minor modifications along the way. This is a very tough
date to find in full gem condition. The majority of the estimated mintage
of 542 was struck only once, imparting an impression that usually did not
strike out all of the planchet marks. The quality of the 1860 issue is
always somewhat lacking in the quality seen up to 1859 and after 1861.
They are nearly always seen with mirrors that are only moderate and edges
that are rounded, which is why these are sometimes confused as being
prooflike strikings. The population figures bear this out with only 19
examples presently graded with 2 better by PCGS. In early 1860 the
portrait was redesigned significantly for some unknown reason. The main
difference in the two designs is the shape of the bust truncation. The
type of 1859 has a short pointed bust truncation. The type adopted in 1860
has a more rounded bust point. All proofs are struck from the rounded bust
design.", sold for $4,370.00
PCGS Proof-64. Ex- Heritage
Numismatic Auctions, Inc.'s "Long Beach Sale" October 5-7, 2000, Lot 5917,
not plated, unsold
PCGS MS-66.
Ex - Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot
52, illustrated, sold for $1,955.00
NGC MS-66. Ex - Heritage
Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August
6-7, 2000, Lot 6589, not illustrated, sold for $1,293.75
PCGS graded MS-65. Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s
"Benson Collection, Part I", February 16, 18-20, 2001, lot 1086,
illustrated, where it was described as follows: "Pointed bust…A beautiful
example with a great strike and soft satiny cartwheel luster. A very
scarce date and one of the finest known. Until the early 1990's this as
considered a very rare variety, and was listed in Breen's Encyclopedia as
such. The reality is, however that this is really a separate entry into
the regular date set of Indian Cents. It is as dramatic and different a
design as the 1864 With L is from the 1864 No L type. Starting in 1994,
this type was included in the "Guide book of United States Coins" - The
Red Book. Since then collectors have started including this coin in their
sets, many of which were previously thought to be complete. The "Pointed
Bust" style refers to the narrower bust truncation as used in 1859. One
may label this as the "type of 1859". The redesign to the broad bust point
in 1860 seems to have come early in the year. Perhaps the 6 known obverse
dies that struck the 1860 pointed busts were undated dies leftover from
1859. In any event the coin was struck in large enough quantities to
satisfy most collectors demand, but a small enough quantity to make it one
of the key dates of the series. The estimated original mintage is about
1/2 million to 1 million pieces, making it about between 20 to 40 times
rarer than the broad bust point pieces.", sold for $6,325.00
PCGS MS-65. Ex - Ira &
Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I",
February 16, 18-20, 2001, Lot 1195, illustrated, sold for $805.00
From the Howard R. Newcomb collection of Indian Cents, purchased June
30,1944 from J.G. Macallister
PCGS MS-65. Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach
Signature Sale", May 31-June 2, 2001, Lot 7520, not illustrated, sold for
$862.50
PCGS MS-65. Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach
Signature Sale", May 31-June 2, 2001, Lot 7521, not illustrated, sold for
$806.15 Ex Newcomb
PCGS MS-65. Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M.
LaRiviere, Part III", May 21, 2001, Lot 1350, "Rounded Bust", illustrated,
sold for $690.00
MS-65. Ex - Bowers & Merena Galleries' "The Lake Geneva Sale", June
28-29, 2001, Lot 136, "Rounded Bust", not illustrated, sold for $1,610.00
PCGS MS-64. Ex –
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot 161, "Type I, Pointed Bust, Snow's Die
Pair-unlisted, Rarity-unassigned", illustrated, sold for $3,680.00
MS-64. Ex - Heritage
Numismatic Auctions, Inc.'s "Santa Clara Signature Sale", November 16-17,
2000, Lot 5063, not illustrated, sold for $322.00
MS-64. Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M.
LaRiviere, Part II", March 15-17, 2001, Lot 1126, sold for $690.00
MS-63. Ex - Heritage
Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August
6-7, 2000, Lot 5416, not plated, sold for $189.75
NGC MS-63. Ex- Heritage
Numismatic Auctions, Inc.'s "Long Beach Sale" October 5-7, 2000, Lot 5899,
not plated, sold for $276.00
MS-63. Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M.
LaRiviere, Part II", March 15-17, 2001, Lot 1127, sold for $506.00
Sources and/or recommended
reading:
"The PCGS Population Report, October 2003" by The
Professional Coin Grading Service
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