The 1872 Indian Head penny is a classic numismatic piece that is highly sought after by collectors.
This coin was produced from the years 1859 to 1909 and has become one of the most iconic coins in American history due to its unique design.
It’s an important symbol in U.S. numismatics, representing not only our nation’s growth but also its innovation in terms of currency production and circulation.
In this article, we’ll take a closer look at what makes the 1872 Indian Head penny so special, including its physical attributes and historical significance.
History Of The 1872 Indian Head Penny
The 1872 Indian Head Penny is one of the most sought-after coins in American history. It has a unique design that was minted only between 1859 and 1909, making it a relatively rare coin.
This penny features an obverse with Lady Liberty wearing a Native American headdress and facing right, surrounded by thirteen stars representing the original colonies of the United States. The reverse contains a laurel wreath surrounding the denomination ‘ONE CENT’ along with the year of mintage.
In numismatic circles, this particular penny from 1872 is highly prized due to its rarity. Only 852,500 pieces were struck for circulation during this mintage year–much lower than other years such as 1886 which saw over 24 million pennies produced.
Furthermore, only about 200 examples are known to remain in existence today in all grades combined. As such, prices for uncirculated specimens can reach into five figures depending on condition and grade or if there are any desirable varieties present like repunched dates or doubled dies.
Collectors pursue these coins not just because they are scarce but also because they represent an important era in American history: when our nation was beginning to move away from slavery towards freedom while celebrating its culture through symbols like the Indian Head Penny.
Even those who don’t value them monetarily appreciate their beauty and symbolism – a reminder of how far we’ve come since then.
Mintage Of The 1872 Indian Head Penny
The 1872 Indian Head Penny stands out as a rare and valuable coin. It was first minted in the United States in 1859, but its production ceased just 13 years later in 1872.
The mintage of this penny saw a sharp decline during that period due to rising costs of copper. As such, it is now one of the most sought-after coins by numismatists around the world.
The rarity of the 1872 Indian Head Penny can be attributed to the fact that only 852,500 pennies were struck at Philadelphia Mint in total for the year. This makes it an incredibly scarce coin compared to other dates from the same series.
Despite being released into circulation with no discernible difference between them, surviving specimens are usually well-worn or even heavily damaged due to their age.
High grade examples of this particular date fetch very high prices on today’s market, making it a desirable collectible item for those looking to add some history and value to their collection.
Many collectors strive to acquire pieces with particularly attractive toning or eye appeal which make them stand out amongst all available options. With such limited availability and strong demand, these beautiful coins remain popular among hobbyists everywhere.
Design Of The 1872 Indian Head Penny
The 1872 Indian Head Penny is a remarkable example of American coinage. It was designed by James B. Longacre, the fourth Chief Engraver of the United States Mint and was released in that year to commemorate the 100th anniversary of independence from Britain.
The obverse features an allegorical representation of Liberty wearing a Native American headdress with thirteen stars surrounding her face representing the original Thirteen Colonies. The reverse contains a wreath composed of corn, wheat, maple leaves, and oak branches encircling the denomination ‘ONE CENT’ inscribed within a shield at its center.
This design has been widely praised for its beauty as well as its symbolic importance; it remains one of America’s most beloved coins today. Furthermore, due to its popularity among collectors, surviving specimens are quite rare and highly sought after. As such, they can fetch large sums when sold on auction or through private dealerships.
Overall, this penny is one of the finest pieces ever produced by the U.S mint and stands as testament to our nation’s proud history. Its enduring legacy makes it an important component of any collection – whether assembled out of historical significance or simply for its aesthetic value.
Grading The 1872 Indian Head Penny
The 1872 Indian Head penny is a rare and highly sought after collector’s item. This coin, minted during the late 19th century, was among the first coins to bear an image of Native Americans on its face.
Numismatists have long been intrigued by this particular piece due to its historical significance and scarcity. When assessing the condition of an 1872 Indian Head penny, it is important to consider both aesthetic and structural qualities.
Aesthetically speaking, these coins should possess full details in the design elements as well as clear lettering. Structurally, they must be free from any major damage such as corrosion or excessive wear along the edges. Any such damage will significantly reduce the value of a given specimen.
In order to accurately grade a specimen of this type, it is necessary for collectors to become familiar with various industry standards which outline what constitutes a good condition example versus one that has experienced significant deterioration over time. With proper knowledge, numismatists are able to accurately assess whether their specimens are worth more than just sentimental value; ultimately providing them with greater insight into how much their collections can fetch on the open market.
Value Of The 1872 Indian Head Penny
A penny for your thoughts – and Fifty cents for an 1872 Indian Head Penny. That’s right, the value of these coins has skyrocketed over time due to their scarcity and history associated with them. As a numismatist, I would like to take a closer look at why this is the case.
The 1872 Indian head penny was minted by the US Mint in Philadelphia as part of a series that ran from 1859 through 1909. It features Lady Liberty wearing a Native American feathered bonnet on its obverse side, while its reverse depicts an eagle. The coin itself is composed of 88% copper and 12% nickel, making it one of the most durable pennies ever produced by the Mint during this era.
Given its age and condition, collectors often seek out rare specimens in order to add them to their collections or sell them for profit. These coins are also popular among historians who enjoy researching aspects of America’s past; many stories about our shared heritage can be found within each individual piece.
All things considered, it’s no surprise that these coins have become some of the most sought-after pieces in any numismatic collection today!
Frequently Asked Questions
Is The 1872 Indian Head Penny Rare?
The 1872 Indian Head penny is a highly coveted numismatic rarity.
Dating back to the late 19th century, this distinctive coin features an iconic design featuring Lady Liberty wearing a Native American headdress.
The 1872 edition of the Indian Head penny is one of the rarest and most sought-after coins in U.S. history, with just a few thousand examples known to exist today.
It’s considered quite valuable by collectors, making it an attractive option for those looking to diversify their collections or add something special to their portfolios.
Are There Any Variations Of The 1872 Indian Head Penny?
The 1872 Indian Head penny is a true marvel of numismatics:
Every single specimen has its own story to tell, and many of them come with variations that make them truly unique.
From minor differences in the minting process to more pronounced changes like double-die errors, each piece provides an opportunity for collectors to get their hands on something truly special.
Whether you’re looking for a rare variation or just want to add some character to your collection, the possibilities are endless when it comes to this sought after coin!
Are 1872 Indian Head Pennies Still In Circulation?
As a numismatist, I am often asked if any old coins are still in circulation.
The 1872 Indian Head Penny is certainly one of the most sought after coins from this era, but unfortunately it is not likely to be found circulating today.
Although some may turn up due to location or luck, these pennies have been out of circulation since the early 1900s and are now only available through collectors.
How Many 1872 Indian Head Pennies Were Minted?
As a numismatist, I can tell you that the mintage of 1872 Indian Head Pennies is quite significant. The US Mint produced 31,550,000 examples in all denominations; this includes 1 cent coins with and without the motto ‘In God We Trust’.
It’s estimated that just over 8 million were struck at the Philadelphia mint location – though exact figures for each individual year are not available.
What Is The Best Way To Store 1872 Indian Head Pennies?
Numismatists recommend storing coins in a cool, dry place away from magnets and other sources of potential damage.
To further protect your collection, use individual holders or albums designed for the specific type of coin you own.
For 1872 Indian Head Pennies, these should be made with Mylar or PVC-free material to ensure that no contaminants interact with the metal.
Finally, store them out of direct sunlight as this can cause fading and discoloration over time.
The 1872 Indian Head Penny is a highly sought after piece of American history. To the numismatist, it’s like discovering a long-lost treasure from our nation’s past.
Although its rarity makes it difficult to find one in circulation today, there are still many available for collectors and investors alike. Knowing that only around 8 million were minted ensures that this coin will remain an important part of our country’s story for years to come.
Properly storing your 1872 Indian Head Pennies is essential; they should be kept safe and secure, almost like precious jewels in a velvet pouch. This way you can ensure their longevity and pass them down through generations as symbols of America’s rich past!