***Auction Highlight*** 1909-s vdb TOP POP Lincoln Cent 1c Graded ms67 rd By SEGS (fc)

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  Lot #772  (Sale Order: 527 of 608)  
Sold for: $8,750.00 to onsite
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***Auction Highlight*** 1909-s vdb TOP POP Lincoln Cent 1c Graded ms67 rd By SEGS. The debut of the Lincoln cent was highly anticipated, by coin collectors and the general public alike. As the first U.S. portrait coin struck for circulation, with the bust of the universally popular president on the obverse, the new design was greeted with unprecedented enthusiasm. The August 1909 edition of The Numismatist notes, " ... the advance demand at the Mint for this piece was far greater than that accompanying any previous coin issue." When the coins were released on August 2, long lines formed at banks, the Philadelphia and San Francisco Mints, the Sub-Treasury facilities in Chicago, Boston, New York, and St. Louis, and the Treasury building in Washington, D.C. Individual purchases were limited to 100 examples per person. Despite the purchase limits, the advanced mintage of approximately 25 million coins of the new design was exhausted in just three days.One feature of the coins that was initially overlooked by the general populace was the prominent designer's initials VDB (for Victor D. Brenner) on the reverse. Unfortunately, controversy about these initials soon developed in official circles, causing the Secretary of the Treasury to order their removal. Coinage of the new cents was halted after the Philadelphia Mint had issued more than 27.9 million pieces with the offending initials, but the mintage at the San Francisco facility was only 484,000 examples when the coinage was discontinued.Fortunately for present-day collectors, news of the small mintage caused contemporary collectors to hoard many high-quality specimens of the San Francisco coinage for numismatic and investment purposes. Today, the 1909-S VDB is not difficult to locate in an absolute sense, but intense collector demand ensures that any offering will command high premiums. Of course, at the lofty MS67 grade level, with Red surfaces, the 1909-S VDB is a prime condition rarity, and no Red coins have been certified in higher numeric grades. Tied for Finest Known in RED!This spectacular Superb Gem exhibits impeccably preserved original red surfaces, with blazing mint luster and no trace of carbon. The design elements are sharply detailed throughout and the all-important designer's initials are bold. This coin possesses a combination of high technical grade, outstanding eye appeal, and tremendous historical significance. It should find a home in the finest collection A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation

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This item is part of Summer Splash Coin Consignments Auction 2 of 6
 Friday, Jul 23, 2021 | 5:45 PM  Eastern
 
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***Auction Highlight*** 1909-s vdb TOP POP Lincoln Cent 1c Graded ms67 rd By SEGS (fc)
***Auction Highlight*** 1909-s vdb TOP POP Lincoln Cent 1c Graded ms67 rd By SEGS (fc)
Lot number: 772
Seller: Key Date Coins
Event: Summer Splash Coin Consignments Auction 2 of 6
Ends: Friday, July 23 | 5:45 PM  Eastern

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