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1877 Indian Head Penny. Thoughts?

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Newbie1877's Avatar
United States
56 Posts
 Posted 07/02/2020  3:13 pm Show Profile   Bookmark this topic Add Newbie1877 to your friends list Get a Link to this Message Number of Subscribers

1877-Indian-Head-Penny.-Thoughts?
1877-Indian-Head-Penny.-Thoughts?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/02/2020  3:24 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Genuine (Shallow N Reverse). FR-02 at best, if even that.



to the CCF!
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Newbie1877's Avatar
United States
56 Posts
 Posted 07/02/2020  3:37 pm  Show Profile   Bookmark this reply Add Newbie1877 to your friends list Get a Link to this Reply
Interesting, what would you say this would go for in terms of price?
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GMS5's Avatar
Canada
1527 Posts
 Posted 07/02/2020  3:57 pm  Show Profile   Bookmark this reply Add GMS5 to your friends list Get a Link to this Reply
$150.00-200.00 in this condition.
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 07/02/2020  3:58 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Probably would just make FR-02 . Not sure about value . Regardless it's a details coin because of the reverse corrosion spot .
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/02/2020  4:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'm really not current on pricing for this series, so I'll leave a valuation to others.
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hfjacinto's Avatar
United States
7276 Posts
 Posted 07/02/2020  4:47 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Doubt it would get to $150. But on ebay who knows. I picked an AG3 in better condition for a friend at $150. I would say $75-$100 and that's being generous.
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westernsky's Avatar
United States
7621 Posts
 Posted 07/02/2020  4:53 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Nice, strong date and that is a good selling point.

I'd say it would go for around 125$ on ebay. If you get two bidders interested in it, that could double the price!
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Newbie1877's Avatar
United States
56 Posts
 Posted 07/02/2020  6:14 pm  Show Profile   Bookmark this reply Add Newbie1877 to your friends list Get a Link to this Reply
Thanks for all the replies !

@hfjacinto Where do you find that coin for that price? I have checked everywhere. Everywhere I go they price these $250+. Thank you.
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hfjacinto's Avatar
United States
7276 Posts
 Posted 07/02/2020  6:48 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I picked it up at my local coin shop. It had corrosion, so it was AG details. I myself wouldn't buy it but a friend wanted it so I got the LCS and the buyer together.

The average price on ebay is too high. I've found most of the key date coins locally much cheaper than ebay.
Edited by hfjacinto
07/02/2020 6:51 pm
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Coinfrog's Avatar
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 Posted 07/02/2020  8:48 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I know completing the IHC set is difficult on a limited budget. But I truly feel that this corroded, severely worn example of the 1877 will not offer long-term satisfaction to a true collector.
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fortcollins's Avatar
United States
3655 Posts
 Posted 07/02/2020  10:57 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
First,

Except for the corrosion spot on the reverse, this coin simply has honest wear. I agree with Fair-02.

The tough dates in any set can lead to three wildly different approaches to collecting.

The first approach is to start with the tougher coins and go for the highest affordable grade. This approach sometimes leads to frustration at spending so much money with so little progress, and can lead to not completing the set.

The second approach is to build the rest of the set in the grade you want, and then save up and try for the tough dates. The chief concern with waiting to buy the tougher coins is that the prices at the time of purchase may force a mismatch with the rest of the set.

The third approach (which you have started) is to complete the set with varying grades, and then work upgrades as you can. The key advantages to this approach are eliminating the gaping holes in the album and having a sense of progress as you go.

All three approaches are valid. It depends on your wishes. There isn't a right or wrong way to go about the collecting.

@Coinfrog is right, you probably won't want this coin as your final 1877 in the set. But if you approach the collection with an eventual upgrade in mind, you will keep an eye on 1877s as you build the set, and eventually see the one that you like and that will fit the set. Just be patient, and work on the other dates and varieties at your pace.

JMHO.

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