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Need Advice On Starting An Indian Cent Collection

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Pillar of the Community

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 Posted 08/22/2018  11:22 am Show Profile   Bookmark this topic Add Bret to your friends list Get a Link to this Message Number of Subscribers
I recently completed my set of silver eagles, so I'm looking to start another series. I completed as set of XF Lincoln wheat cents about twenty years ago. I can afford more now, so I'd think that I'd like to start on Indian cents. I'm thinking MS-63 brown. I'm shying away from the reds because my picky retentiveness would not allow me to have anything but a completely red coin which pretty much might mean that I'd never complete the series. Brown is fine with me so long as the color is even. I don't really care about certifications, but it might be smart just to buy them certified given the significant difference in price between grades that can occur. All that said, what advice do you have regarding the Indian cent series? Generalities, pitfalls, etc. are all appreciated.
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txgolfer56's Avatar
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475 Posts
 Posted 08/22/2018  11:32 am  Show Profile   Bookmark this reply Add txgolfer56 to your friends list Get a Link to this Reply
Learn to grade Indian Head cents and understand strong strikes vs weak strikes. Also, unless you have a healthy budget, certain key dates can be very pricy in MS63BN (e.g. 1877, 1908-S, 1909-S along with other semi-key dates). I'm working on an Indian Head cent set right now. I have about 9 to go. Grades range in my set from VF35 for the 1877 to MS64RB for the later dates in the set. Enjoy the journey.
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mtuma3's Avatar
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 Posted 08/22/2018  11:38 am  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
A penny was actually worth something back then, so they were heavily used and some of them are tough to find in higher grades unless you are willing to part with a lot of $...
I have mine in a Dansco Album. About 80% complete with XF or above. I would have had more, but switched some of them to my Dansco 7070 Type Album, which is another tough album to complete.

I personally, don't buy anything off ebay unless it is certified... too many fakes out there.
Mark
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My7070
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United States
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 Posted 08/22/2018  1:29 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I kind of love those pennies. However, if you put them in an Album, most also have the Flying Eagle cents in them too. Sure wish they didn't do that. Finding the 1856 is rather difficult and when you do, it's way off the wall for a price. And not really a coin, was supposed to be a pattern. I saws one at a coin show last week for only $12,000. If you get yours at a coin show, possibly all from about 1900 to 09 is rather cheap and for MS-60 grades, still cheap except the 08S and the 09S. And still reasonable from 1887 up. However, before that they all get rather tuff to find at any price. If your not trying to make a high graded set, you should be able to have a nice almost complete set in no time.
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Coinfrog's Avatar
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 Posted 08/22/2018  1:45 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very collectible series, I've done it several times over a long life. MS-63 is a very affordable grade with only a few gulpers. What's really tough about the early IHCs, though, are the large number of really great varieties and repunched dates, many visible to the eye. Most serious collectors of the series end up adding many of these to their quest, which ups the ante. Still, a lengthy series that will keep you challenged for a long time.
Edited by Coinfrog
08/22/2018 1:47 pm
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kanga's Avatar
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 Posted 08/22/2018  3:08 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I completed my FE/IHC set about a year ago.
I included the FE's since there are only 4 if you don't count the overdate.

My set ranges from MS-62 through MS-66 RB.
Not surprisingly the 1900's/1890's are mostly MS-65 RB; reasonably affordable.
Then as the dates get older the grades start dropping to -64 and -63 and the color to Brown (when applicable).

I haven't seriously considered the varieties.
Edited by kanga
08/22/2018 3:10 pm
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Kopper Ken's Avatar
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 Posted 08/22/2018  4:34 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
Nice set to attempt...considering varieties? As with other series you might want to buy a reference book first, to guide you.

KK
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jbuck's Avatar
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 Posted 08/22/2018  4:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Not much I can offer. My IHC set is two coins short of completion. No varieties. Just date and mint, bronze and cupro-nickel. Nothing flash, all well circulated. A large chunk of the common dates came from the dollar bin.

With that being said, a high end set will take some work, and some cash, but I think would be well worth the focus it requires.
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 Posted 08/22/2018  6:40 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Lots of great information here. Thanks. My picky retentiveness compels me to have all the coins in a series with the same grade and appearance, though I understand that the cupro-nickel ones will look different than the later ones.
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Coinfrog's Avatar
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 Posted 08/22/2018  6:51 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'm quite picky as well, but I always found the wonderful range of colors so often found in TPG "BN" slabs too tempting to ignore for the sake of conformity.
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 Posted 08/25/2018  10:58 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
I went to what I'd call a medium sized coin show yesterday and picked up my first two. I was surprised to find that most of the TPG BN's did not have a uniform brown color. I came away with an 1880 and an 1884.
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txgolfer56's Avatar
United States
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 Posted 08/25/2018  8:39 pm  Show Profile   Bookmark this reply Add txgolfer56 to your friends list Get a Link to this Reply
Nice start!
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jbuck's Avatar
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Kopper Ken's Avatar
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 Posted 08/26/2018  09:57 am  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
Off to a great start for your new collection.

KK
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 Posted 08/27/2018  08:34 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If you keep buying ones in that grade, your going to need lots of money. Great start.
Pillar of the Community
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 Posted 08/27/2018  10:32 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Thanks for the encouragement everyone! It will take time, but I'll get it done.


Quote:
If you keep buying ones in that grade, your going to need lots of money.

I can swing it. I could spend more on the more common dates, but I want everything to be as uniform as possible.
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