SOLD
25,000.00USDto L**********r+ buyer's premium (4,375.00)
This item SOLD at 2017 Mar 10 @ 09:56UTC-5 : EST/CDT
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1856 Flying Eagle cent. Snow-9. PR65 PCGS (CAC - Eagle Eye Photo Seal). Gem Proof (13: 3,5,5).
A beautiful example of the Proof version. This issue is the most often seen die pair. These were stuck to satisfy collector demand from 1858 until 1860. About 1,500 examples were stuck and sold as a Mint delicacy. By 1858 the fame of the 1856 Flying Eagle cent had escalated to the point where examples in nascent coin auctions were bringing the outstanding price of $2.00. For a cent! Imagine that. The Mint, seeing the profit potential and demand were quick to act, preparing new dies and striking off a large press run. These were likely sold for 25 cents each, as the auction prices fell to that level in 1860. The mint was making Proof coins for collectors on a regular basis by this time but a mintage of 1,500 coin really taxed the dies. Today we hardly ever see examples of the quality we expect for other coins of the era with mintages in the 50 to 200 range. The Mint likely did not sell out the issue and large number of remaining example were placed in circulation during the Civil War.
This example is one of the top examples from this die pair. The strike is full and the eye appeal is outstanding. There are very few marks to mention. There is a light golden tone near the edges. This example comes from the Tom Fore collection. That collection was formed from the top examples of 1856 Flying Eagles of every die pair in the 2000 to 2010 era. It is telling that this was the finest example from the Snow-9 die pair that he could find.
Ex: Tom and Jean Fore collection, Heritage 1/16:5242.
PCGS Coin Facts
Auction Location:
9800 International Drive, Orlando, Florida, 32819, United States
Previewing Details:
auctions.kagins.com
Sales Tax on currency to non-dealers and coins under $1500 shipped to CA or $1000 to MD per tax accountant
Taxes:
| Tax | Rate | Desc. |
| FL |
6% |
Florida Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
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Terms and Conditions of Sale
1. Auction Company. This public auction is being presented by Kagin’s Auctions, a division of Kagin’s, Inc. (“KA”)
2. Binding Effect of Terms and Conditions. These Terms and Conditions are legally binding on anyone that registers
to bid, or actually does bid, at a KA auction. They define the relationship between bidders and KA before, during and after
the auction, and limit KA’s liability to bidders.
3. Consignors and Reserves. This catalog contains descriptions of property belonging to many persons known as
consignors. KA is not required to divulge to prospective bidders the identity of any consignor, except as provided by these
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which KA is not required to disclose to prospective bidders. The Consignment Contract may permit a consignor to bid on his
or her own lots and pay commissions if successful. If a consignor bids from the floor for his or her own lots, KA may so note
to all present. KA reserves the right to omit from its published prices realized the purchase prices of items re-purchased by
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corporation agrees in writing to personally guarantee payment. Likewise, bids will be accepted from persons under age
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their purchases, but are encouraged to make their own investigations in case of doubt.
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the auctioneer declares the lot sold. The auctioneer may accept or decline any bid in his sole discretion, and where more
than one identical bid is received for an item, the auctioneer may prefer the first bid received and may prefer a mail bid over
an identical floor bid. In case of any disputes regarding the existence or amount of bids the auctioneer may rescind the sale
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shall be final. KA IS NOT RESPONSIBLE FOR ERRORS IN BIDDING, and mistaken bids will not justify rescission of a sale.
www.kagins.com xv
Terms and Conditions of Sale (Continued)
10. Buyer’s Commission and Taxes. THE PURCHASE PRICE FOR ALL LOTS INCLUDES THE SUCCESSFUL BID PLUS A
BUYER’S COMMISSION OF 17 1/2%, except as otherwise provided by written agreement between a bidder and KA. Bidders
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penalty related to unpaid tax, regardless of whether KA collected such taxes at the time of purchase.
11. Kagin’s Loyalty Discount. All successful purchasers shall be entitled to a credit against any future
purchases in a KA auction, in the amount of one percent (1%) of the total purchase prices paid by
them (hammer plus buyer’s commission – taxes or other charges not included), such credit to extend to the next two (2) KA
auctions, or a period of 1 year, whichever is longer.
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terms, they will be liable to KA for interest on the unpaid balance at the rate of 1 1/2% per month (or the maximum rate
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engaging an attorney and pursuing legal proceedings). In addition to the foregoing, purchasers grant KA a security interest
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the item prior to the purchase. In all other cases, returns are accepted provided each of the following conditions is met: (1)
the purchaser contends that the item is counterfeit, contains an altered date or mintmark, or contains undisclosed repairs;
(2) the purchaser notifies KA in writing of his or her contention within five (5) days of receiving the item (if purchaser did
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unopened container. Notwithstanding the above, coin returns are not accepted in cases involving cleaning, artificial toning,
provenance or pedigree, or strike, or whether a coin is a proof.
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