Indian head cent pennies

Widely considered America's most beautiful copper coin, the Indian Head cent debuted in and was struck for indian head cent pennies a century until when it was replaced by the Lincoln cent. The coins were issued during an adventurous period in U.

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Like most Indian Head Pennies from the early s, the edition is valuable for no reason other than the fact that so few have survived the years. Unfortunately, so few coins have made it through to today that you will more often than not find the in poor condition. With coins this old, the best way to determine value is by finding out what its grade is. For those that would just like to more accurately determine the grade and value of their coin s , you can use the specifications provided below. Uncirculated: An Uncirculated Indian Head is almost impossible to find at this point in time. These coins never exchanged hands and were put into safekeeping almost immediately after being minted.

Indian head cent pennies

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Founded shortly after the founding of the United States itself, the US Mint has long since been producing the coinage of both the US as well as that of other countries too. In the early days, the US Mint was founded in and operated out of Philadelphia, Pennsylvania, but due to the expansive nature of the early United States, additional facilities needed to be constructed. With each new facility came a new identifying mintmark that was added to each coin to show where they were made. Throughout its storied history, the US Mint has created many different types of coins at different points in time. One of the first coin-types ever produced, however, is known as the single cent penny. Pennies were and still are incredibly useful for Americans on a day to day basis and are one of the longest-lasting types of coins produced by the mint. Of all the pennies ever produced, the Indian Head style is one of the most popular, especially for collectors. These coins were minted just prior to the Civil War and continued being produced until shortly after the turn of the 20th century. The following few sections will discuss, in-depth, more about these coins as well as why they are so popular amongst collectors nowadays. The origins of the Indian Head Penny can be traced back to the days when the Large-Cent coin was the only one in circulation. These coins were first minted in , but faced immediate problems seeing as the US government would not allow any metals other than silver and gold to be used as legal tender. Because of this, the Large-Cents were not able to be used to pay taxes or any other government payment. Then, by the dawn of the s, fluctuations in the price of copper forced the US Mint not only to reduce the size of their pennies Large-Cents were about the same size as a modern Half-Dollar but to also look for compositions of metal that were not solely pure copper. Unfortunately, these coins quickly experienced design problems and needed to be replaced.

At the time, the Mint Director was seeking specimens of medals depicting George Washington to add to the Mint's coin collectionand newly struck specimens of past coins and patterns were often exchanged for them. Edit Cart, indian head cent pennies.

From to , the cent was a copper coin about the size of a half dollar. The discovery of gold in California caused a large inflation in prices. As gold became more abundant, the price of copper rose. Cent and half-cent manufacture was one of the only profit centers for the Mint and by it began looking for alternatives. The new pieces were identical in diameter to modern cents, though thicker.

Next to the Lincoln penny , the Indian Head Penny is the most popular series of small cents collected by numismatists. Circulated examples are readily found in your favorite coin store or local coin show. A few key coins could stretch your coin collecting budget while you assemble your collection of Indian head pennies. By the cost of making copper coins had risen due to the increased price of copper. In his annual report, Mint Director James Ross Snowden noted that the mint was barely making expenses due to the increased cost of copper used in both half-cent and large-cent coins. As a result, the mint ceased production of half-cent coins and reduced the size and weight of the penny. In a small one-cent coin was introduced featuring a flying eagle on the obverse. Unfortunately, production problems limited the coin to only two years.

Indian head cent pennies

Identify Indian penny values on the chart by following three important steps. Early years through are especially sought by collectors in nice condition - grade. The following chart shows a wide range of values. Spotting key, valuable dates followed by an accurate judgement of their condition assures you don't miss any highly sought Indian cents.

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Flying Eagle cent. Indian Head Cents 42 products found. Despite the fact that most coins are found today in poor condition, any coin found in decent condition will naturally carry a higher price tag. Loudon Snowden complained that the "3" looked too much like an "8", Chief Engraver William Barber modified his work to create the "Open 3". The pattern coin had the laurel leaves in the reverse wreath in bunches of five leaves; the issued cent has them in bunches of six. Silver vanished from commerce in June , as the price of that metal rose, leaving the cent the sole federal coin that had not entirely vanished from commerce through hoarding. The imagery will just barely be able to be made out and the texture of the coin will have been worn down almost entirely. Located below the wreath on the reverse. With the discontinuance of the two-cent piece and three-cent silver in , the cent and the three-cent nickel were the sole survivors of the coins valued at less than five cents. The centenary of the birth of assassinated president Abraham Lincoln would occur in February , and large numbers of privately manufactured souvenirs were already being issued. Legislation was finally introduced by New Hampshire Senator Daniel Clark on March 22; Pollock's letters were read and apparently influenced proceedings as the Senate passed the bill without debate. Neil Carothers, in his work on small-denomination currency, challenged this decision as unnecessary—deprived of legal tender status, the remaining Spanish silver would have been eliminated through sales to banks for their bullion. With each new facility came a new identifying mintmark that was added to each coin to show where they were made. The economic Panic of again caused a decrease in the number of cents produced, as coins accumulated in private hands were spent, creating a surplus.

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. Founded shortly after the founding of the United States itself, the US Mint has long since been producing the coinage of both the US as well as that of other countries too.

The three-cent nickel, by this time, was unpopular because of its odd denomination and with the return of silver coinage its similarity in size to the dime. Coin Info Cents. Almost always, you will find that the scarcest Indian Heads are those produced during the early years. Toggle limited content width. Sage wrote to the Mint Director the same month, asking for a specimen for himself, and one for the newly founded American Numismatic Society. Already Have An Account? An exception was , when a poor economy and little demand for cents created one of the rarest dates in the series. First Name. Article Talk. Mint Director James Ross Snowden selected the Indian Head design and chose a laurel wreath for the reverse, that was replaced in by an oak wreath with a shield.