Collect the penny set that spans the deteriorating economy in the early 1900s which ended with the stock market crash of 1929 - the biggest stock market crash in history! Our vaultmaster curated this 20th Century Panic Penny Trio featuring pennies from the biggest 3 events that culminated in the stock market dropping by 50%. This set features an Indian Head Cent from the Panic of 1907, a Wheat Penny from the record year of deflation in 1920, and a Wheat Penny from 1929, when the stock market crashed leading to a decade of chaos.
The Panic of 1907 was a financial crisis sparked by the collapse of two brokerage firms, leading to widespread bank runs in New York City and beyond, and this crisis led to the establishment of the Federal Reserve System. The 1920 deflation crisis, also known as the Depression of 1920-1921, was a severe economic downturn that occurred after World War I due to an influx of soldiers returning home to a desolate job marketplace. Finally, these issues culminated in 1929, when on October 29, 1929 (known as Black Tuesday) the New York Stock Exchange collapsed, billions of dollars of wealth disappeared overnight, and the next decade of painstaking struggle and recovery across the nation would later be dubbed the Great Depression.
Now, you can collect cents that were circulated during each of those critical years, coins that were impacted by each period of deflation. Each of the copper cents included in this historic trio will be in collector's quality Very Fine condition. This is a fantastic trio of cents that each represent a vignette of 20th century economic history. Bring this affordable reminder of economic and numismatic hsitory to your collection today!
Highlights:
- Curated trio of pennies
- Circulated (VF) condition
- Critical dates in American history
