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Moderator
 United States
16679 Posts |
That's what I'm talking about  Is that Joaquin Phoenix on the time machine? swcoin.ecrater.com
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Bedrock of the Community
United States
10045 Posts |
Quote:
One collector who has been on the lookout since January, 1878, has secured eighty-four of this date. Imagine the average grade of that group--and value today!  Wish I could search bank bags during that time.  Edited by DVCollector
02/20/2013 8:57 pm
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Pillar of the Community
United States
1801 Posts |
Rod Taylor in the time machine. Great movie from around 1960
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Pillar of the Community
United States
3755 Posts |
I have just one of these pennies, and darn lucky to have that. I am relatively sure it was the same way on the 16D Merc. They new almost right away it was a rarity.
Awesome snippet, thanks for posting it!
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Pillar of the Community
United States
3229 Posts |
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Bedrock of the Community
United States
17884 Posts |
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Pillar of the Community
United States
3234 Posts |
Very interesting piece of numismatic historical information. I too would appreciate knowing where you found that nugget. Thanks.
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Pillar of the Community
United States
1511 Posts |
Really really cool article! Thanks so much for sharing! And |
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Moderator
United States
16679 Posts |
Recall of 1877's  Never heard of that. swcoin.ecrater.com
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Bedrock of the Community
United States
10045 Posts |
Quote:What recall of Indian Head cents? Perhaps he's referring to the Mint Act of 1871, where millions of cents were melted down and recoined from 1871-81. Rick Snow summarizes the figures on p. 117 in his Red Book edition "Flying Eagle and Indian Head cents." Given the discrepancy of mintage figures for 1877 and what actually has survived, Rick Snow speculates that perhaps 3/4 of the 1877 mintage was destroyed by the recoining (p.136) |
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Bedrock of the Community
United States
17884 Posts |
Could be but that wasn't a recall. That was the result of all the hoarded coinage coming back from hoarding and outside the country creating a glut of unneeded coinage piling up in the Treasury. That unneeded coin was melted down as raw material for new coin.
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Bedrock of the Community
United States
10045 Posts |
I won't split hairs on the words, but what I think is pertinent to the discussion is that recently coined cents may have been melted again. It's been discussed as a reason for low survivability of cents fromm the 1870s.
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Moderator
United States
16679 Posts |
The actual report number the Mint received was 10 million initially. As we know, supposedly, 852,500 were actually said to have been minted.
Rick Snow thinks the real number was closer to 150,000.
swcoin.ecrater.com
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Valued Member
United States
202 Posts |
Where do you all think is the best place to find the 1877? I heard there were a few at the FUN show last week. Just curious where you've seen them....other than maybe ebay. |
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Moderator
United States
189340 Posts |
I saw a raw 1877 at the coin show this weekend. The dealer had just acquired it. I trust this dealer; if I had the money, I would have bought it. I suspect I will see it again at the fall coin show... And with my luck, it will be in a slab and have a higher price.  |
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Posted 02/20/2013 8:56 pm
Thanks! &
