The 1871 1C Indian Head Penny is a regular strike coin from the Philadelphia Mint, holding the distinction of being one of the lowest mintage coins in the Indian Head cent series from the period of 1859 to 1876. This penny is a semi-key date, crafted under the design expertise of James Barton Longacre.
Product Specifications:
- Designer: James Barton Longacre
- Mint: Philadelphia
- Mintage: 3,929,500
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Diameter: 19.00 millimeters
- Weight: 3.11 grams
- Edge: Plain
- Year of Issue: 1871
Design Highlights:
The coin features the iconic design of Lady Liberty donning a Native American headdress on the obverse, with "LIBERTY" inscribed on the headband and the year "1871" beneath the profile. The reverse displays a wreath encircling the "ONE CENT" denomination with "UNITED STATES OF AMERICA" framing the design.
Collectibility and Rarity:
The 1871 Indian Head Penny is especially valuable due to its status as one of the lowest mintage coins of the series, made even rarer by the fact that many were melted down by the Mint in the early 1870s. Estimates suggest that there may be only about 5,000 examples existing in all grades combined, making it a coveted item for collectors. In uncirculated grades, the penny is extremely scarce, with potentially only a couple of hundred examples known.
Numismatic Value and Historical Significance:
The 1871 Indian Head Penny is not just a piece of currency, but a historical artifact reflecting the economic conditions and Mint practices of the era. For collectors, acquiring an 1871 penny, particularly in an uncirculated grade, represents a significant achievement. Its rarity and the story it carries of its near extinction make it a centerpiece in any numismatic collection.
