1877 Indian Head Penny Values And Facts
1877 INDIAN HEAD PENNY
When it comes to rare and valuable Indian Head pennies, the 1877 Indian Head penny ranks at the top. The 1877 Indian Head penny is a very valuable American coin. The 1877 penny is made out of 95% copper and 5% zinc. The Indian Head series was created by James B. Longacre. The Indian Head series ran from 1859-1909. The 1877 Indian Head penny has a weight of 3.11 grams. In total, there were 852,500 Indian Head pennies produced in 1877. There were also 1,000 Indian Head proofs made in 1877. The 1877 Indian Head penny has the 2nd lowest mintage of the series, just behind the 1909-S Indian Head penny.
One well known fact about the Indian Head pennies is that they were highly circulated. The same can be said about the 1877 Indian Head penny. It is very rare to find such a coin, but extremely difficult to find the 1877 Indian Head in great condition. If you are fortunate enough to find the 1877 penny in great condition, it may be worth $20,000 or more! Because prime examples of the 1877 Indian Head penny are so rare, values often reach into the tens of thousands.
1877 INDIAN HEAD PENNY VALUES
The value of your 1877 Indian Head penny is determined by the condition of the coin. Coin values are much higher when a coin is in great shape, nearly uncirculated. Since the 1877 Indian Head penny was highly circulated, more then likely, you have one that is very worn. Perhaps, you are lucky and found one in great condition. Even at a low grade, the 1877 Indian Head penny can be worth $300-$400. If you have an 1877 Indian Head penny that still has good detail, it may be worth $1,000 or more. High graded 1877 Indian Head pennies can be well worth $30,000 or more!
Since the 1877 Indian Head penny is so valuable, people have tried to counterfeit the coin over the years. There are actually a lot of 1877 Indian Head penny counterfeits. If you haven't had your 1877 penny looked at professionally, you need to make sure that you do. This will give your 1877 Indian Head authenticity, plus a correct value. Before you buy or sell, make sure you have it looked at by a professional or someone trustworthy.
BUYING AND SELLING YOUR COINS
If you are considering to buy or sell coins, Ebay is the way to go. Ebay is a great site to sell and buy coins. If you are buying coins from Ebay, it is totally free. If you are selling coins, they only charge a small fee. Buyers and sellers constantly communicate and give feedback on Ebay. If you are wondering if a seller is legit, all you have to do is read their feedback stats. You can also read what customers have said about the seller as well.
You can buy or sell coins in two main ways on Ebay. First, if you don't have an account, you need to create one. It is 100% free to join Ebay. Once you have an account, you will need to open a Paypal account also. You can buy coins with your Paypal account or if you are selling coins, the money will be transferred to your Paypal account once a coin is sold. You can either sell your coin at auction, which is where your coin will be advertised for a specific time period and anyone interested in it can make a bid for the coin. The highest bid wins the coin. You can also sell your coin at a set price. Either way, Ebay will give you an audience to sell your coins. If you are looking to buy, there is no shortage of great coins!
BEFORE YOU GO...
Before you go, there are some very important things you should remember. If your not sure about a specific coin, make sure you do your research on it or talk to a professional that you trust. If you have old rare coins, have them professionally graded. It is well worth the cost. Buyers are more likely to purchases authenticated coins.
There are several different types of coins that are valuable. If your getting into collecting, take the time to get to know these coins. Once you know what coins to look for, you will be able to spot great deals on them. If you feel like learning about more coins, just follow the links below. Thanks for your visit.
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