Long lost 1877 Indian Cent found - coin in hand
EagleEye
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Here is an auction lot listing from Kagin's "Metropolitan Washington" sale July 14-15 1978. (featuring the collection of Jay Parrino)
It didn't say if this was from parrino's collection, but I doubt it.
The coin was sent to me and here it is:
The funny thing is, I was able to write the 1877 title on a piece of paper WITH THE COIN! As it turns out it is not nickel at all, but lead. It is certianly not a mint product either. I am suprised it made it into the catalog. However after checking the prices realized, I notice that it was withdrawn. But not withdrawn from numismatic circulation. The guy who sent it to me said he paid $2,000 back in 1980 for this coin. The auction listing gave him enough justification to buy it. Ouch.
It didn't say if this was from parrino's collection, but I doubt it.
The coin was sent to me and here it is:
The funny thing is, I was able to write the 1877 title on a piece of paper WITH THE COIN! As it turns out it is not nickel at all, but lead. It is certianly not a mint product either. I am suprised it made it into the catalog. However after checking the prices realized, I notice that it was withdrawn. But not withdrawn from numismatic circulation. The guy who sent it to me said he paid $2,000 back in 1980 for this coin. The auction listing gave him enough justification to buy it. Ouch.
Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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Comments
So will Manley add this to his charge?
I value it more as a cool pencil than a coin.
The coin was made from a transfer from a real 1877. The lower haircurl and diamonds were enhanced later.
<< <i>I value it more as a cool pencil than a coin. >>
Ha!
Rick - has this coin been on your "radar" all these years as a legit piece? Or was this the first you heard of it?
Colonial: It was listed in Pollock and was to be in my 1870-1889 attribution Guide, which I am just putting the finishing touches on. Good thing too. Usually the week after publication these things turn up.
What do you think these days -- double it and add a zero?
If not why would someone want it? Hell if you want an off metal counterfeit, of an 1877 call the Royal Oak mint.
A fake is a fake. Who presents it to the boad members should not matter.