The 1866 1C Indian Head Penny, a regular strike coin minted at the Philadelphia Mint, is an integral piece of post-Civil War American numismatics. With its design by James Barton Longacre, it continues the tradition of the beloved Indian Head series, representing a nation in the midst of reconstruction and healing.
Product Specifications:
- Designer: James Barton Longacre
- Mint: Philadelphia
- Mintage: 9,826,500
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Diameter: 19.00 millimeters
- Weight: 3.11 grams
- Edge: Plain
- Year of Issue: 1866
Design Highlights:
The obverse of the 1866 Indian Head Penny features Lady Liberty wearing a Native American headdress, with "LIBERTY" inscribed on the band and the year "1866" beneath. The reverse showcases a wreath encircling the "ONE CENT" denomination, with "UNITED STATES OF AMERICA" around the border.
Collectibility and Rarity:
The 1866 Indian Head Penny is scarcer than its immediate predecessors from 1864 and 1865, making it a notable target for collectors. In mint state, this coin is considered scarce across all Brown (BN) and Red and Brown (RB) grades. Particularly rare in MS65 Red or finer conditions, where the coin's original mint luster is preserved alongside its copper color.
Numismatic Value and Significance:
The 1866 Indian Head Penny, with its classic design and historic significance, is a valuable addition for collectors who appreciate both the artistry of American coinage and the rich tapestry of the nation's history. The scarcity of high-grade specimens adds to the desirability of this coin, particularly for those looking to acquire pieces in premium condition.
