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Lot 1087
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 1793, 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 1850s, 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. Due to this need, the US Mint came up with the Flying Eagle Penny, which was produced shortly from 1856-1858. This coin differed from traditional pennies in that it was comprised of less than 90% copper. Unfortunately, these coins quickly experienced design problems and needed to be replaced. Their replacement was the Indian Head Penny, which made its first appearance on the market in 1859.This group includes one cent coins minted in the years: 1889, 1896, 1902, 1903, 1904, 1905.

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6 Antique Indian Head Penny One Cent Coin

Estimate $10 - $20Oct 4, 2018
4353 Edgewater Drive #700
Orlando, FL 32804
United States
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