coin to bear the words IN GOD WE TRUST in 1864. Along with the 1867 Indian Head penny, he also designed the two-cent coin, which is most famous for becoming the first U.S. Longacre, who served as Chief Engraver of the United States Mint from 1844 through 1869. Indian Head pennies were designed by James B. Between the business-strike and proof varieties, most Indian Head penny collectors will opt for the regular issue to include in their coin collections, given the expense of the proof variety. Another variety that some collectors will look for is the 1867/67 overdate, which is not severely more uncommon than the regular strike. 625 proof versions were also made, and these are worth $6,100. In the case of locating an 1867 Indian Head penny, you best bet will be to check with your local coin dealer or with an online auction site such as eBay.ĩ,821,000 Indian Head pennies were made in 1867, and these typically cost around $52 for a Good-4 specimen. As many of the earlier Indian Head pennies are found in corroded, damaged states, any piece that seems clear of such imperfections would make a great buy. Errors in the shapes and spacing of numbers are also flaws to look out for, as well as incomplete letters, partial collars, off-center broadstrikes, and indented strikes.1867 Indian Head cents are about as scarce as the 1866 Indian Head cents, and are somewhat challenging to find in decent condition.
The "Die Shift" error is doubling that occurs during striking, and it appears on 19 5-cent coins.
An example is the "Harp," which only appears on the 1962 Canadian 1 cent and consists of five lines of different lengths that start under the "1," extending to the maple leaf. What Are Some of the Errors That Increase the Value of Canadian Coins?Įrrors, especially rare design flaws, can boost a coin's value. Don't use dips to remove tarnish, as that may also remove some of the coin's mint luster and thereby decrease the value. You can remove loose dirt, dust, and grime by gently washing Canadian coins with soap and water and then patting them dry. Cleaning coins can leave small scratches that show up under magnification and lower the value. It is inadvisable to forcefully clean dirty Canadian coins, as you may damage them in the process. Grade 70 represents a perfect coin, but this high of a rating isn't often awarded. Top 10 Most Valuable Indian Head Pennies Courtesy of Heritage Auctions Did you know that the top 10 most valuable and rare Indian Head pennies all add up to a value of around 1,500,000 These US one cent pieces from the dates 1859-1909 are known as Indian Head pennies and succeeded the earlier Flying Eagle penny.
When grading coins, the lower the number the worse the condition, which makes a coin with a score of 4 an undesirable selection for many collectors. Professionals use a numerical scale that ranges from 1 to 70, with "Good" coins rating at 4, "Fine" coins rating at 12, and "Mint Condition" coins rating at 56. What Is the Numerical Grading System for Canadian Coins?Ĭanadian coins receive grades based on condition, which greatly affects the price and worth.
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