||1876 1C MS65 Red and Brown NGC. CAC. Following a spike in 1874 and 1875, Indian cent production declined again in 1876 to fewer than 8 million pieces. The lack of commercial demand for new cents would be further reflected the following year, in 1877, when fewer than 900,000 were coined. This Gem example of the 1876 issue displays glowing coppery-orange luster amid faint hues of pale burgundy color. The strike is bold, and the preservation is excellent. Ex: Eric P. Newman Numismatic Education Society.
Realized $1292.50. Description courtesy of Heritage Auctions.