Archive for July, 2012

Valuable Key Date Indian Head Cent

Wednesday, July 25th, 2012

One of the most highly sought after Indian Head Cents that avid collectors would like to own is the rare 1877 dated issue. The Bronze coin, containing an alloy of 95% copper and 5% tin, had a mintage of just 852,500 coins.

The series of small cents was produced for circulation between the years 1859 and 1909, when they were supplanted by the new Lincoln Cent.  As with any collectible coin, their value is determined by both their rarity and their condition. Collector preferences also play a part in determining the level of demand.

In the case of the 1877, there is no question about its rarity as evidenced by its very limited production. The status as a classic key date adds more appeal to the issue. It is very hard to find these coins in very fine condition or that never made it into circulation.

According to a general consensus from some of the most respected coin industry rating services such as the Handbook of U.S. Coins and the Numismatic News, a circulated example in good condition can sell for around $1,000 and one that has not been circulated can bring as much as $3,000.

Of course, the market is always changing, but, according to the U.S. Coin Values Advisor, the 1877 Indian Head Coin has just about doubled in value in the latest 10 year period of 2002-2012. In G-4 condition, the coin is currently estimated to be worth about $850.