2018-01-10 Wed

Two important Indian Head 5-cent coins from the 20th century are going to be offered at the Legend Rare Coin Auctions’ Regency Auction XXV that will take place on 25th January along with the PCGS Members Only show at the Luxor Las Vegas.

A 1918/7-D Indian Head 5-cent coin graded PCGS MS-65+ with a green CAC sticker has a bold strike, clean surfaces with satin frost and peach, and lilac iridescent toning lightly dusted over the surfaces. The coin was produced at Denver Mint but a working die was merged with two different dates: 1917 and 1918 at the Philadelphia Mint. The obverse die created the error and is unlike other existing 1918/7-D examples which generally have prominent die wear. The error was unknown until 1930. Some of these coins were saved at the time of production. Coins in all grades are scarce and Mint State coins are rare. The offered coin is the finest known and has an estimated value of $350,000 to $400,000.

The 1916 Indian Head, Doubled Die Obverse 5-cent coin, graded PCGS MS-64 with a green CAC sticker is another offering which is also a famous error coin. There is major doubling on the date and the coin was not published until 1962. It became famous in the 1970s. Some Mint State examples and 200 examples in all grades survive exist. It has clean, smooth surfaces, a moderate satin frost that with lavender, olive, tan, gold, and powder blue patina. The coin has a record-breaking estimated value of $230,000 to $250,000.