1870 Indian Cent. FS-901. Shallow N. MS-65 RD (PCGS).This coin offers impressive full Gem Red quality for an Indian cent that is scarce even in lower grades. Vivid golden-orange surfaces exhibit a soft satin texture throughout. Boldly to sharply struck with eye appeal to spare. The Philadelphia Mint delivered 5,275,000 circulation strike cents in 1870, a smaller total when viewed in the wider context of the Indian series. The real reason for the scarcity of this date, however, is the Mints wholesale redemption and melting of examples beginning in 1871. These redeemed coins had been stockpiled in bank reserves due to low commercial demand. One of the finer survivors known to PCGS, this coin is sure to see spirited bidding among specialists.PCGS Population: 38; 11 finer in this category (MS-66+ RD finest).From the Beasley Collection. Earlier ex Richard Collection.
