1858 Indian Head Cent - Counterfeit/Fake Or Real? - Page 2

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Author	Replies: 22 / Views: 13,689	Page: of 2

desertgem Pillar of the Community United States 860 Posts	Posted 08/06/2008 08:45 am The reverse is not the 1859 so it can't be an altered 1859 issue. The 1859 is the oak wreath and not the laurel wreath of the pattern. The 208 is the same design as the 209 except a Cu-Ni as indicated. As to why so inexpensive ( if real), there is much less demand and it is an "odd duck" being a pattern rather than a regular issue like an 1877. It will be interesting to watch. Jim Report this Post to the Staff
jeffreyice1 Valued Member United States 381 Posts	Posted 08/06/2008 09:24 am desertgem, If you've got a 1859 with oak let me know! I thought it was the laurel wreath with six leafs. I could not wait, So I emailed him to see if he would be willing to change the return policy to give enough time to verify the coin. This was the responce. Dear jeffreyice1, Yes. No problem at all to varify that this is a genuine U.S. pattern coin for the cent. - olduscoins Edited by jeffreyice1 08/06/2008 10:30 am Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 08/06/2008 12:29 pm Quote: Again, if there are only "2-3 known" in existence, how come it's not worth substantially more? Only a handful of people collect patterns so demand is low for most of them- rarity does not always equal high value. I would bet that there are more than 2-3(still probably single or low double digits though), where did that figure come from? And I do not really care what the seller guarantees- if he is careless enough to hold a potentially rare and expensive pattern coin in his fingers, heavily circulated or not, then IMO he loses any "expertise" he may have. Edited by biokemist6 08/06/2008 12:33 pm Report this Post to the Staff
1sikevo Pillar of the Community United States 1130 Posts	Posted 08/06/2008 1:29 pm Just curious... Since the demand for pattern coins is low, how did the 56 FE become so popular ? Report this Post to the Staff
halfabustisbetter Pillar of the Community United States 1984 Posts	Posted 08/06/2008 2:02 pm That's a great question, and one which I am sure someone can answer more accurately than I. It seems that once a coin gets listed as part of the series (I don't think the 1856 should EVER have been listed as part of the series, and I question the impartiality and judgment of those that placed it there), then the genie is out of the bottle. Once there's a space for it in a Whitman, then you can't complete the series unless you have that coin. It's circular logic, and it's WAY past time to remove the 1856 Flying Eagle cent from the list of 'coins' in the series. Since the FE wasn't approved for circulation until the 1857 issue, the 1856 is not a legit part of the series in my book. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 08/06/2008 2:09 pm The 1856 FE is a more interesting case study. While it is technically considered a pattern, it did not follow the guidelines of traditional patterns. Most patterns have a mintage in the single digits, some a bit higher, but almost never over 100. The mintage of FEs is estimated to be about 1500 but not all of them were minted at the same time. Demand was so great that another striking took place, presumably the source of the business strike example. This was the first usage of nickel in US coinage and it was the first small cent. Its design is essentially identical to the 1857 and 58 issues, whereas most patterns are normally a bit different design from the circulating counterpart. About the only other pattern I can think of that would mimic the 1856 FE is the $4 Stellas. Edited by biokemist6 08/06/2008 2:10 pm Report this Post to the Staff
desertgem Pillar of the Community United States 860 Posts	Posted 08/06/2008 5:08 pm Jefferyice, I stand corrected. I have to learn not to post so early in the morning. Thanks , Jim Report this Post to the Staff
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1858 Indian Head Cent - Fake Or Real?