The 1872 1C Indian Head Penny, a regular strike from the Philadelphia Mint, is a historically significant coin within the Indian Head series, which ran from 1859 to 1909. With its designer James Barton Longacre's vision, it continues to be a sought-after piece among numismatists.
Product Specifications:
- Designer: James Barton Longacre
- Mint: Philadelphia
- Mintage: 4,042,000
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Diameter: 19.00 millimeters
- Weight: 3.11 grams
- Edge: Plain
- Year of Issue: 1872
Design Highlights:
The obverse of the 1872 Indian Head Penny features the iconic image of Lady Liberty wearing a Native American headdress with the inscription "LIBERTY" on the band, and the date "1872" just below the profile. The reverse design includes a laurel wreath surrounding the denomination "ONE CENT," with "UNITED STATES OF AMERICA" around the edge.
Collectibility and Rarity:
The 1872 Indian Head Penny is notable for having one of the lowest mintages within the series, which contributes to its desirability. While its mintage is very similar to the 1871, the 1872 edition often carries a higher premium across most grades, solidifying its status as a semi-key date. There are approximately 5,000 coins estimated to exist in all grades combined, suggesting that the 1872 Indian Head Penny is a challenging find for collectors. The rarity of this coin in higher grades makes it an exceptional addition to any serious coin collection.
Numismatic Value and Significance:
The 1872 1C Indian Head Penny, with its rarity and the historical period it represents, is a prized possession for numismatists who value both the artistry of American coinage and the rich tapestry of the nation's history. Its scarcity, particularly in well-preserved conditions, adds to its allure and potential investment value.
