1862 Indian Cent. MS-67+ (NGC). CMQ. Here is a magnificent 1862 Indian cent, from the copper-nickel, Oak Wreath series of 1861 through 1864. The surfaces are essentially flawless, with subtle prooflike reflectivity in the fields and undisturbed frosty texture across the devices. A thin die crack is noted at the tip of Libertys bust and through the base of the wreath on the reverse (both are as made), but the devices are exceptionally well struck for the issue. The attractive surfaces are pinkish-tan with subtle accents of powder blue on the obverse. A superior piece in all regards, and destined for inclusion in the finest cabinet.<p>With 28,075,000 pieces struck, the 1862 has the second highest mintage of this brief subseries within the wider Indian cent series. Examples of the 1862 are readily available in most Mint State grades up through MS-65, but they become exponentially more elusive approaching Superb Gem condition. In premium MS-67+ condition, the present piece is an incredible rarity. In fact, this is the sole finest 1862 cent graded by NGC, and is tied for CC#2 for the issue with only four grading events in PCGS MS-67+. The CC#1 specimen is the unique PCGS MS-68 that realized $50,400 in our June 2020 Auction, lot 306. The offered coin is an ideal candidate for a high-end NGC Registry Set of Indian cents or 19th century type coins. It can hardly be improved upon. PCGS# 2064. NGC ID: 227H. NGC Census: 1; 0 finer at this service.
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