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1877 Indian Cents

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Prethen's Avatar
United States
3234 Posts
 Posted 02/21/2013  12:57 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
Very interesting piece of numismatic historical information. I too would appreciate knowing where you found that nugget. Thanks.
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NathanASE's Avatar
United States
1511 Posts
 Posted 02/21/2013  1:36 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
Really really cool article! Thanks so much for sharing! And
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vermontensium's Avatar
United States
16679 Posts
 Posted 02/21/2013  2:48 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Recall of 1877's

Never heard of that.
swcoin.ecrater.com
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DVCollector's Avatar
United States
10045 Posts
 Posted 02/21/2013  3:28 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

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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Conder101's Avatar
United States
17884 Posts
 Posted 02/22/2013  2:41 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
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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DVCollector's Avatar
United States
10045 Posts
 Posted 02/22/2013  5:37 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
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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vermontensium's Avatar
United States
16679 Posts
 Posted 02/22/2013  5:45 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
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.
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thestew's Avatar
United States
202 Posts
 Posted 02/22/2013  10:37 pm  Show Profile   Bookmark this reply Add thestew to your friends list Get a Link to this Reply
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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jbuck's Avatar
United States
189222 Posts
 Posted 02/25/2013  3:42 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
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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