1883 Indian Head Penny For Sale
The 1883 Indian Head Penny, a regular strike coin produced at the Philadelphia Mint, is an integral part of the historic Indian Head series, with the design credited to James Barton Longacre. Known for its substantial mintage, the 1883 penny is a prevalent coin that remains a favorite among collectors.
Product Specifications:
- Designer: James Barton Longacre
- Mint: Philadelphia
- Mintage: 45,591,500
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Diameter: 19.00 millimeters
- Weight: 3.11 grams
- Edge: Plain
- Year of Issue: 1883
1883 Penny Design Highlights:
The obverse of the 1883 Indian Head Penny showcases the iconic design of Lady Liberty wearing a Native American headdress, with "LIBERTY" written on the band, and the year "1883" displayed below. The reverse features a wreath encircling the "ONE CENT" denomination, with "UNITED STATES OF AMERICA" around the border.
1883 Penny Collectibility and Rarity:
With its large mintage, the 1883 Indian Head Cent is very common, mirroring the population profile of the 1882 cent. MS64 is the most common grade encountered, across Brown (BN), Red-Brown (RB), and Red (RD) color designations. Most certified examples are in the RB category, with full RD coins being less common but still available in sufficient numbers to meet collector demand, particularly in the MS63 to MS65 grade range.
Grading and Rarity:
The highest grade for RD coins is MS67, offering an aspirational target for collectors seeking the best possible condition. Collectors often look for examples with the original red color, bright luster, and minimal carbon spots, which command higher premiums. For those with budget considerations, BN coins with smooth, glossy surfaces offer excellent value and aesthetic appeal.
Numismatic Significance:
The 1883 Penny is a representative piece of late 19th-century American numismatics, valued for its classic design and the historical context it represents. Its availability in a range of conditions and colors makes it an accessible option for collectors at all levels, from those beginning their numismatic journey to seasoned enthusiasts seeking to complete or upgrade their collection.
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