1897 Indian Head Penny

2021年9月9日
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The design of the Indian Head Penny was the brainchild of James Longacre, the acting engraver of the US Mint. In a letter to the director of the US Mint James Snowden, Longacre made his case for his newly incepted design by saying. Although somewhat controversial, it is believed that an 1887 Indian Head cent hub was reused to produce the 1888 Indian Head cents. The lower part of the last numeral in the date can still be seen sticking out from the lower-left corner of the ’8.’ This is the rarest and one of the most valuable Indian Head penny varieties found so far.
*1897 Indian Head Penny No Mint Mark
*1897 Indian Head Penny Necklace
*1907 Indian Head Penny
*1897 Indian Head Penny
*1897 Indian Head Penny ErrorIndian Head Penny Overview
Although sometimes overshadowed by the Lincoln Wheat penny, the Indian Head cent was a highly praised coin during its release and is still lauded in modern times by collectors. The simplistic and historical design is what inspired future coin designs, such as the famous Lincoln Wheat cent.
Both the obverse and reverse designs were created by US Mint engraver James B. Longacre in 1859. Dubbed the Indian Head cent, Longacre’s design would be put into production later that year. Production would continue until 1909, which is when the Lincoln Wheat Cent would take over as the main design for the one-cent denomination.
Centered on the obverse of the coin is a bust of Liberty that is wearing a traditional Native American Headdress. “LIBERTY” can be found on the brim of the headdress, and the words “UNITED STATES OF AMERICA” run along the edge of the coin. The date of mintage is found just below the neck of Liberty.
The reverse of the coin is very simple with the words “ONE CENT” centered and surrounded by a wreath. A bundle of arrows sits under the bottom of the wreath, and a small shield sits atop the wreath.
If you would like to learn more about Indian Head pennies and other collectible US one-cent pieces, be sure to check out our Ultimate Guide to Pennies.History of the 1899 Indian Head Penny
The year 1899 was an uninteresting year for the Indian Head penny; no real problems––neither internally at the mint nor externally in circulation––occurred. Many coins were produced and were very common in circulation.
The Mint at Philadelphia reports striking a total of 53,598,000 Indian Head pennies dated 1899. This was a much higher mintage than most other years in the series and is what has led to so many examples still surviving today.
Like all other Indian Head pennies minted from 1864 till 1909, the 1899 Indian Head penny weighs 3.11 grams and measures 19.05 millimeters in diameter. Denticles (small dots found on the surface of the coin near the rim) are present, and no reeding can be found on the edges.Red, Red Brown, and Brown Toning on Indian Head Pennies
An interesting topic for those who collect bronze or copper pennies is the designation by third-party graders regarding the coins coloring. This coloring can lead to big changes in price as collectors normally prefer one type over the others.
The change in color is caused by the toning that the copper undergoes over time. New copper that hasn’t been exposed to the elements tends to be a very bright red or almost pink color. As time goes on, this red coloring begins to darken and later turns brown as more copper oxide begins to form on the surface of the coin.
This is where the designations for color, or, more specifically, toning, come into play. The designations effectively identify how much environmental damage the coin has undergone. To be clear, slight toning does not damage a coin and will just make the coin a little darker
Indian Head pennies that have a brown designation are coins that have undergone toning that has turned the coin a nice chocolate or dark brown color. Depending on storage conditions, some coins may develop toning in some spots while the rest of the coin remains bright. These type of coins would receive a Red Brown designation, showing that the coin has some toning but also some original copper.
Red Indian Head pennies are the most sought after as they show no signs of toning, meaning that they were well preserved for over one hundred years.
Each designation brings with it a different type of premium. Brown Indian Head pennies are normally slightly discounted compared to Red Brown examples. Red Indian Head pennies will always carry a premium over the other designations.Pricing the 1899 Indian Head Penny
Because of the large mintage, many 1899 Indian Head pennies have survived, in all types of condition. Most found will be in a circulated condition, but many uncirculated examples still survive. For this article, the prices given are for coins that would be considered Brown by a third-party grader.
Examples in grades Good 4 and Very Good 8 have a price range of $3–$3.50. Prices increase to $5 in Fine 12 and then to $8 in Very Fine 20. Extremely Fine 40 examples have a going price of $15.
Uncirculated examples in MS-60 condition realize a price of $40. A price increase to $70 can be seen in MS-63. MS-65 grades are somewhat rarer and command a price of $180.1897 Indian Head Penny No Mint Mark
1899 Indian Head pennies that receive a Red designation command a much higher price than those that have a Red Brown or Brown designation.
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Nearly 160 years after its first mintage, the Indian Head penny is still an incredibly popular coin and a staple of many collections.
The Indian Head penny was first struck in 1859, replacing its predecessor, the Flying Eagle cent. The Indian Head penny was only the second small cent to be created.
Betfair casino free spins no deposit. Like the Flying Eagle cent, the Indian Head penny was designed by James B. Longacre, who was an extremely influential figure in the design of American coinage.
The obverse of Longacre’s design features not an “Indian,” but in fact a profile bust portrait of Liberty wearing a Native American-style feather headdress. Below her neck is the year of mintage, and surrounding her head is the legend “UNITED STATES OF AMERICA.”
The reverse design originally featured a simple laurel wreath with the denomination “ONE CENT” boldly in the center. Coins with this design are referred to as Type 1 Indian Head cents. However, this design was changed in the following year.
All subsequent mintages of the cent piece have an oak wreath instead, with “ONE CENT” in the center and a union shield at the top. Both faces also feature a denticled rim, a ring of small bumps.
The composition of the Indian Head cent likewise evolved. Coins minted from 1859 to 1864 were 88% copper and 12% nickel and had a diameter of 19mm and a mass of 4.67g. Coins with this composition are Type 2 Indian Head cents.
Coins minted from 1864 to 1909, on the other hand, are composed of 95% copper and 5% tin and zinc and have a diameter of 19mm and a mass of 3.11g. Coins with this new composition belong to Type 3 of the Indian Head cents.
1909 was the final year of mintage for the Indian Head cent and saw the appearance of its successor, the Wheat penny.History of the 1905 Indian Head Penny
Collectors consider 1905 a late mintage of the Indian Head penny. Like other late mintages, especially those in the early twentieth century, 1905 saw a rather large number of pennies struck: 80,717,011.
One proposed reason for such high mintage numbers at this time is the growing reliance on cent pieces for penny arcades, public transportation, and other such services.
Because so many coins were produced, hundreds of different dies were used for striking the pennies. As a result, there are several minor varieties for the 1905 Indian Head penny. However, these do not typically raise the premium for the coins.
At the time, these coins were only produced at the Philadelphia Mint. It was not until 1908 that Indian Head cents would be struck elsewhere. As such, there is no mint mark on 1905 pennies.
1905 Indian Head pennies are typical for coins in the series minted after 1864: a composition of 95% copper and 5% tin and zinc, a diameter of 19mm, and a mass of 3.11g. Valuing the 1905 Indian Head Penny
Because there were so many of these coins produced, they are still quite common, even in the highest grades. As a result, their value is not typically very high.
That said, Indian Head pennies have a stable market among collectors, and the right grades can be worth a fair bit of money. Csgo gambling sites usa.
For a Good-4 to Very Good-8 grade coin, the value is $2 to $3, and Fine-12 coins are worth $4.64. This range of values is the average for 1905 Indian Head pennies.1897 Indian Head Penny Necklace
The value increases to $6 in Very Fine-20, $10 in Extremely Fine-40, and $21 in About Uncirculated-50. Uncirculated (MS-60) grade coins are worth $38, and Uncirculated (MS-63) coins are worth $57. Proofs can be expected to bring up to $144.1907 Indian Head Penny
Another important factor that collectors use in valuing Indian Head cents (and copper coins in general) is the color. There are three designations: Brown, Red-Brown, and Red or Full Red. Full Red is the most desirable and valuable color.1897 Indian Head Penny
This color designation can make quite a difference in value. Whereas a Brown 1905 MS-65 Indian Head is valued at $175, the same coin in Red-Brown is worth $270, and in Red it is worth $750. A Full Red MS-67 Proof is valued at $10,000!1897 Indian Head Penny Error
Unfortunately, Full Red coins almost exclusively exist in the highest grades, so they can be difficult to get your hands on. Still, if you think you have such a coin, it would be worthwhile to have it professionally graded by a service such as NGC.
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