MEK DNM

1901 Indian Head Cent Penny LIBERTY & DIAMONDS ~AU/XF- Nice Coin! #272

Description: 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. Lightly cleaned/polished. Please use your own judgment to determine the coins grade and value.

Price: 8.49 USD

Location: Los Altos, California

End Time: 2024-10-08T03:15:12.000Z

Shipping Cost: 2.04 USD

Product Images

1901 Indian Head Cent Penny LIBERTY & DIAMONDS ~AU/XF- Nice Coin!  #2721901 Indian Head Cent Penny LIBERTY & DIAMONDS ~AU/XF- Nice Coin!  #2721901 Indian Head Cent Penny LIBERTY & DIAMONDS ~AU/XF- Nice Coin!  #272

Item Specifics

All returns accepted: ReturnsNotAccepted

Circulated/Uncirculated: Circulated

Denomination: Small Cent

Coin: Indian Head

Composition: Copper

Year: 1901

Color: RD

Strike Type: Business

Mint Location: Philadelphia

Country/Region of Manufacture: United States

Estimated Value: $18.00 +

Certification: U.S. Mint

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