The 1870 1C Indian Head Penny, struck at the Philadelphia Mint, is a regular strike coin that holds significant appeal due to its age and place within the Indian Head series. This coin, designed by James Barton Longacre, continues to captivate collectors with its classic imagery and the history it represents.
Product Specifications:
- Designer: James Barton Longacre
- Mint: Philadelphia
- Mintage: 5,275,000
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Diameter: 19.00 millimeters
- Weight: 3.11 grams
- Edge: Plain
- Year of Issue: 1870
Design Highlights:
The coin's obverse features the well-known Indian Head design, which portrays Lady Liberty wearing a Native American headdress, along with the year of issue "1870" displayed below. The reverse design showcases a wreath circling the "ONE CENT" denomination, surrounded by the inscription "UNITED STATES OF AMERICA."
Collectibility and Rarity:
The 1870 Indian Head Penny is part of the series from the early 1870s, which are generally easier to find than other dates from that decade, though not as common as those from the 1880s and 1890s. In terms of rarity, it is on par with the issues from 1871 to 1875. Mint State examples, particularly in Red-Brown (RB) grades, are available in the hundreds. However, according to the PCGS Population Report as of July 2011, the highest graded examples in Brown (BN) condition are two at MS-65. For Red-Brown, the finest known examples are four at MS-66 grade. In Full Red (RD), the highest-grade 1870 Indian Head Cents are four at MS66, making them quite rare and sought after by collectors.
Numismatic Value and Significance:
The 1870 Indian Head Penny is a cherished item for numismatists, offering both historical value and the potential for investment. Its place in American coinage history makes it an attractive piece for those looking to own a tangible part of the late 19th century. The rarity of high-grade examples in full Red adds to the coin's allure, making it a prized addition to any collection.
