DescriptionHB-221 EP-27 Reed-ST01 1¢ S. Steinfeld Extremely Fine.
Although this One Cent is considered an R-7 by Reed, indicating eleven to fifteen known, it is by far the most common of the Steinfelds. Fred Reed's 104-year auction survey shows that, of 75 total appearances of Steinfeld encasements at auction, 57 of those appearances were One Cent pieces. This figure, of course, includes very heavy duplication. Bill Kelly acquired this piece in June of 1999 for $3500. The case is a nice, natural medium brass, with some minor reddish brown highlights sprinkled throughout. The stamp is very nearly fully bright, and the mica is as close to perfection as these ever come. Steinfeld is one of the most difficult merchants to acquire, with this 1¢ piece the only generally available denomination.
From The Honorable William H. Kelly Collection
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