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 Replies: 18 / Views: 3,062 |
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New Member
United States
1 Posts |
Hey....I would love to get some info for a 1877 Indian Head cent from actual collectors! Please help me....
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Pillar of the Community
United States
887 Posts |
They're expensive, they're hard to come by, and they can be fake. What are you asking?
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Bedrock of the Community
United States
17884 Posts |
And they aren't as rare as they are made out to be. You want one, they're everywhere.
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Moderator
 United States
56855 Posts |
 to CCF. What do you want to know? John1  |
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Rest in Peace
United States
17900 Posts |
If you can frame your question more specifically, I'm sure you can get better answers. You can find an 1877 any day you have the money to buy one. Depending on the grade you are searching for the value differences between those grades can be tremendous. Buying one in a top Third Party Graded encapsulation is essential. Stick with NGC, PCGS, or ANACS for that authentication and grading. |
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Pillar of the Community
United States
634 Posts |
They aren't "rare" but they are popular and scarce. Buy a graded example and check sold prices (not asking prices) if you buy one so you don't get ripped off.
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Bedrock of the Community
United States
94367 Posts |
Yes, please tell us what you would like to know. to the CCF! |
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Rest in Peace
10197 Posts |
But, but, but...I just bought mine for $25 from this guy on the wharf and he assured me it was real....  |
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Bedrock of the Community
United States
94367 Posts |
As Conder says, indeed they are not rare, nor is the 1909-SVDB or any other small-size general issue cent, including the 1856 Flying Eagle. They're expensive because, as "common" as they are, demand far outstrips supply.  |
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Pillar of the Community
United States
1018 Posts |
They are readily available, however most on the market will have problems. Id suggest buying a graded authenticated one if you dont know what to look for.
Ive owned close to a dozen as a collector from f2 to Ms64. Pick a budget and be patient.
As with most key dates, they tend to be graded higher than they should be.
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Pillar of the Community
United States
6370 Posts |
Save your money and buy something that is worth the money.
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Bedrock of the Community
United States
20753 Posts |
Although so many say such coins are readily available, remember that only 852,500 were minted. And with many millions of people collecting coins, not everyone will get one. Although many fakes are out there, it is a typical counterfeited one.
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Bedrock of the Community
United States
17884 Posts |
Quote:
They're expensive because, as "common" as they are, demand far outstrips supply. I wouldn't even say that is true. If demand outstripped supply, they wouldn't be available everywhere. If demand really outstripped supply, every time one appeared on the market it would be quickly snapped up and there would be very few of them available at any given time. Quote:
remember that only 852,500 were minted. Which is an interesting number. At that time a die pair tended to have an average life of somewhere between 100 and 200 thousand coins. There is only one die pair known for the 1877 and it doesn't seem to undergo any serious change in die state (die wear) and I don't know of any major die stages either (cracks, clashes etc) For that era it is really inconceivable that one die pair could strike 852,000 coins. And even as available as it is, it is much scarcer than a coin with a mintage that large should be. It is possible there may be something in error about that mintage figure. |
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Valued Member
United States
321 Posts |
First of all, 1877 IHCs are not rare. They are common. About 10000 coins are estimated to exist, compared with many seated issues where only a couple hundred may still be around and they go for under $50. However, it is the one coin that many people need to complete an IHC set, so many collectors want to own one. More than the 10000 coins that probably exist. As a result, the prices are high. Also, there are many fakes around. If you see one you want to buy, ask us first. We have people here who are really good at identifying fakes. And my theory is that the actual mintage could be 252000, but this was misread as 852500. |
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Bedrock of the Community
United States
94367 Posts |
Rick Snow delves into the 1877 mintage in some detail in the Whitman " Red Book" issue on IHCs. An excellent read. Conder - Actually, there are two die pairs known for the non-proof 1877 cent. Different obverses, same reverse. But my comment that "demand outstrips supply" is wrong, I agree. In truth, demand is strong enough to keep the price high and slowly rising. Edited by Coinfrog
07/13/2017 6:41 pm
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Moderator
United States
187950 Posts |
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And they aren't as rare as they are made out to be. You want one, they're everywhere. I agree. I certainly see no shortage of them at coin shows. If I had the means, I could easily acquire one. |
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Replies: 18 / Views: 3,062 |
Posted 07/12/2017 09:59 am
