What is the Indian penny?

Indian Penny refers to one of one coins center, which were embarrassed in the United States between 1859 and 1909. These coins bear the form of the head of the statue of freedom that wears a feathered headband. Given that the headband was similar to those that traditionally worn in indigenous American cultures, the coin became known as the Indian penny or the Indian Cent head. James Barton Longacre is attributed with a coin proposal while he was employed as a engraver in Philadelphia Mint. About 1.85 billion Indian pennies were stamped during its 50 -year life. For this reason, all Indian pennies have at least $ 1 in the US (USD) if you can read the date, as well as a mint character if it exists. Coins are generally based on a combination of the rarity of the sample and its condition. This is, of course, the case of most collector items, but Coin Conditions are measured on the basis of a standardized scale marked with letters and numbers. Coins in perfect condition, marked as MS-65, is the most sought after, but other meNCE in less unaffected state, such as VG-8 or G-4, can still be valuable, as is the case with Indian penny.

The most valuable type of Indian penny is the edition of 1877. Whatever the reason at that time, very few Indian pennies of 1877 - in fact less than one million were pushed. This deficiency and the fact that very few pennies 1877 were maintained in good condition, coins give what is by far the highest value of any Indian penny. Penny of 1877 in very good or VG-8 can be sold for more than $ 400.

For five years five years of Indian series Penny were coins consisting of 88% copper and 12% nickel. It is little known that this coin was actually known as "nickel" because of its nickel content. This wtejně, as before the release of five cents of coins, which we know today as a nickel. In 1864 the alloy mixture was changed to 95% copper, the remaining 5% consisted of tin and zinc. This effectively reduced the weight of the coin by more than the third. This alloy has been used for many years, but was also later abandoned in favor of copper zinc in 1982.