1926-S 1C, RD MS (PCGS# 2575)

2008 December Houston, TX Signature Coin Auction #1118

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    Heritage Auctions
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Lot Description
1926-S 1C MS65 Red PCGS. During the 1940s and 1950s, collectors retrieved numerous well worn 1926-S cents from circulation with the result that such pieces are quite common in today's market. About Uncirculated representatives are, however, quite elusive despite a mintage of more than 4.5 million pieces, and Mint State coins are few and far between. If one is fortunate enough to encounter a Mint State 1926-S, it will most likely be either fully lustrous and poorly struck, or sharply impressed and brown in appearance. According to David W. Lange (The Complete Guide to Lincoln Cents, 2005), the 1926-S emerges as perhaps the rarest issue in the series at the MS65 Red level: "This date has the lowest certified population of MS65 RD coins, only a single example appearing in the listings. This, by the way, is also the highest certified grade for 1926-S." This Condition Census specimen combines a fully lustrous, orange-gold and olive appearance with pinpoint striking definition. The eye appeal is superior to the typically encountered example and both sides are devoid of detectable marks. PCGS and NGC each report a single example in MS65 Red with none finer (9/08). In A Guide Book of Lincoln Cents, Dave Bowers writes: "As to certified MS-65 RD coins, when David W. Lange wrote his book in 1995 [first edition], there was just one--count it--just one. Now there are nearly two dozen certified." Today, we are unsure where Dave found his data, as the current online records of NGC and PCGS show just one certified example each. From The Joshua and Ally Walsh Collection of United States Cents (Heritage, 1/2006), lot 3097. From The Jack Lee Estate Lincoln Cent Registry Set.
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