What is a red penny?
The term Red Penny can be used to indicate a number of different things, although it is generally used only to talk about a penny that is in a coin -like state. In some cases, this can be used to indicate the so -called Indian penny head, although the term is considered derogatory and is therefore not common use. Red Penny can also be a misunderstood link to Penny Red, the main postage stamp used in Britain for many years. It was a one -time coin that held the same place as our modern Penny, but with a different design. On the one hand, the Liberty Head coins, which are wearing an indigenous American headband, with the word Liberty in the headband, as necessary to appear on the coins of all the United States. On the other hand, the words are one cent , with the shield of the United States.
Older red penny, from 1859 to 1864, contained 12% nickel in addition to 88% copper. Red penny, produced before five cent coins we know today as nickel, was therefore referred to as nickel or oneears nick. After the Civil War, however, and the accumulation of coins that accompanied this period, the red penny was changed to a cheaper metal, with 95% copper and 5% tin and zinc, in the process it reduces weight to about 75% of its previous weight.
Red penny was made in a relatively small quantity, while 1909 in San Francisco had the lowest year, at 309,000 valuable substances stamped. Everyone said, from 1859 to 1909, about 1.85 billion Indian cents were pushed. Some years, however, are still worth quite a lot, because most of them were lost in history, especially about older coins. For example, a red penny from 1864, the first to use tin and zinc, is worth between $ 1,000 and $ 3,000 USD (USD). The 1877 Red Penny, on the other hand, the rarest of the coins, can be sold for more than $ 30,000 at the upper end. 1909 Red Penny from Philadelphia Mint at the other end of the spectrum for $ 100 and $ 300.
When many people refers to a red penny, of course they don't talk about Indian Penny.Instead, they refer to a color resolution that indicates an untouched state. Although these pennies are not really red, they have a much more vivid color and are used red to describe them. Since the pennies manipulate the month to the moon, they dull and become a more known brown tone. When someone speaks of a red penny in the sense of collection, they simply say that Penny was not treated too much, so he is still unopened.
In some cases, people can also refer to Penny Red, a stamp used in Britain. It was first released in 1841 and was the primary type of stamp used in Britain until it was interrupted in 1879. Penny Red replaced the former penny black and was named because the main color of the stamp was red, unlike the former black background.