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Later Date Indian Head Pennies

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coin-a-new-phrase's Avatar
United States
11 Posts
 Posted 02/04/2013  11:47 am Show Profile   Bookmark this topic Add coin-a-new-phrase to your friends list Get a Link to this Message Number of Subscribers
Is there ample supply of BU later date Indian head pennies in a red color? Or is it automatically assumed that any RED later date Indian Head penny has been dipped? Should I stick only to brown ones?
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beaglebailey's Avatar
United States
716 Posts
 Posted 02/04/2013  12:15 pm  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply
Original mint state red IHC can be found but the smallest difference in color can mean a big jump in price. Putting together a red mint state IHC collection can be very pricey even with the common date coins.
Where as a brown IHC in the same grade can be had at a much lower price.
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supgog's Avatar
Israel
2420 Posts
 Posted 02/04/2013  12:31 pm  Show Profile   Bookmark this reply Add supgog to your friends list Get a Link to this Reply
While a red mint set is quite expensive, specific examples (1907 for example) are not that pricy.
If you just want a piece, I'd get it on ebay, and preferably certified.
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coin-a-new-phrase's Avatar
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11 Posts
 Posted 02/04/2013  1:10 pm  Show Profile   Bookmark this reply Add coin-a-new-phrase to your friends list Get a Link to this Reply
Makes sense what you guys are saying. I'm going to assume then a BU red dipped IHC basically should get a BU BROWN price! But the PCGS price guide doesn't give separate prices for red and brown, does it?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/04/2013  2:08 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
For all but the most egregious cases, determining color on an Indian Head is pretty chancy. Not all photographs are color-accurate, and unless professionally-calibrated, no two monitors show color the same.

With that said, it's very difficult to miss a copper coin which has been "dipped" (which term specifically means having been treated with thiourea solution) as that stuff turns copper into a ghastly shade of orange.
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kookoox10's Avatar
United States
1054 Posts
 Posted 02/04/2013  2:38 pm  Show Profile   Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
Reds are tough in any date in the series. However, I've attained plenty of MS browns and even some RBs in the 1900's for under $25 regularly.
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supgog's Avatar
Israel
2420 Posts
 Posted 02/04/2013  2:46 pm  Show Profile   Bookmark this reply Add supgog to your friends list Get a Link to this Reply

Quote:
Reds are tough in any date in the series. However, I've attained plenty of MS browns and even some RBs in the 1900's for under $25 regularly.


I agree that reds are more expensive than RBs, but they are definitely not super expensive:

http://www.ebay.com/itm/321034231405

Or a bit more hard one:

http://cgi.ebay.com/ws/eBayISAPI.dl...380557245796
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coin-a-new-phrase's Avatar
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 Posted 02/04/2013  3:39 pm  Show Profile   Bookmark this reply Add coin-a-new-phrase to your friends list Get a Link to this Reply
My collection has just begun. my red, possibly dipped, IHC is 1892. it actually is starting to show signs of toning, or re-toning, but the toning is not bad, its a nice, evenly distributed brown toning.
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beaglebailey's Avatar
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716 Posts
 Posted 02/04/2013  3:43 pm  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply
I guess it all depends on what one's definition is for 'expensive'. That will vary from individual to individual

Numismedia lists prices for IHC in red, red brown, and brown. You can also look at completed listings for auctions like ebay, Teletrade, etc. to get an idea of price for a given grade in a given color.
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babysitr's Avatar
United States
1339 Posts
 Posted 02/04/2013  8:41 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
Just got my 1906 back from NGC....When I bought it the dealer said it was orig....Well, NGC graded it UNC DETAILS altered color....Sure looks MS-65 for sure but in that holder it may be worth very little...It is full of lustre and beautiful....Maybe I should crack it out,,,but, I wont sell it as MS now that I know!!! What to do?
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RickK's Avatar
United States
30 Posts
 Posted 02/04/2013  9:08 pm  Show Profile   Bookmark this reply Add RickK to your friends list Get a Link to this Reply
I'm new to this forum, and just getting back into collecting after about 36 years. This is an Indian head 1906 which I got when I was a teenager. I took the picture with my iPad last night. It looks pretty much the same as when I first obtained the coin.

Later-Date-Indian-Head-Pennies
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Conder101's Avatar
United States
17884 Posts
 Posted 02/05/2013  10:06 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I'm going to assume then a BU red dipped IHC basically should get a BU BROWN price!

No an Unc, red from dipping, is going to be worth significantly LESS than an original Brown Unc.

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coin-a-new-phrase's Avatar
United States
11 Posts
 Posted 02/05/2013  11:40 am  Show Profile   Bookmark this reply Add coin-a-new-phrase to your friends list Get a Link to this Reply
Conder101, you might know what you're talking about; anybody out there disagree with him? brown toning is no more original than a red patina from being dipped. the coin has been altered by nature, instead of by man. so a dipped penny with au detail: whats it worth then? can it get a high AU price? AU 58, maybe?
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beaglebailey's Avatar
United States
716 Posts
 Posted 02/05/2013  12:54 pm  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply
I have to agree with Condor101. As an IHC ages and its surface interacts with its environment over a long period of time it changes from red to red-brown and then to brown. Because many collectors prefer IHC that look the same as the day they left the mint, reds carry a higher premium over red brown and brown. However, this a personal preference. I actually prefer a brown IHC with a slight undertoning of red.

An IHC that is dipped has had some of its original surface artificially removed and while the coin is nice and shiny the color is unnatural and the luster may be impaired or removed.

Therefore, I would prefer a naturally toned brown BU IHC over a BU red that that has been dipped.
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