Description and Analysis
1886 TYPE 1 1C PF
Description & Analysis
The very high sales of proof cents in 1886 is an unexplained anomaly. Unlike 1883, when the three different types of nickel drove sales of minor proof sets, this year had nothing special to offer. Yes, there was a change of obverse hub, resulting in Type 1 and Type 2 1886 cents, but collectors of the time took no notice of this.
In his Guide Book, Rick Snow estimated that perhaps 2,500 of the 4,290 proof cents sold in 1886 were of this first type having the last feather between letters IC. While these are more available than Type 2 proofs, they are rare in fully red gem or with any degree of cameo contrast.