When Did Indian Head Cents Effectively Disappear from Circulation?
OneCent
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My guess would be that by 1940 they were efffectively gone. Does anyone on this forum recall when IHC's were fairly common in circulation?
Even second-hand knowledge would work to satisfy my historical curiousity.
Also, I would assume that the generation of coin collectors that could come close to pulling a set of IHC's from circulation are gone.
Even second-hand knowledge would work to satisfy my historical curiousity.
Also, I would assume that the generation of coin collectors that could come close to pulling a set of IHC's from circulation are gone.
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
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An authorized PCGS dealer, and a contributor to the Red Book.
Folks combing the house for change on collection day never found Indians for me.
"Inspiration exists, but it has to find you working" Pablo Picasso
my paper route didn't yield much either
looking for Lincolns then and they were just a nuisance! If I had had some direction on coin collecting,
but it was just a couple 3 of us neighborhood kids with blue books and a little competition to see
who could find what. Fun it was, and even though we never see each other anymore I'm sure the
memories are with them too.
bob
TD
Rob
"Those guys weren't Fathers they were...Mothers."
nickels are knowingly spent to confound those who find them
in their change.
date worn off (one nice exception was a 1918-S in around VG condition). Mercury dimes were still around but mostly dated in the 1940s.
I think I found one Standing Liberty quarter with no date, never saw a Walking Liberty half dollar or any silver dollars.
I remember in the 1970s that wheaties were quite common but I rarely see them in change anymore.
A coin book I have from 1953 talks about how one can find Shield nickels in circulation.
<< <i>Born in 34. Never seen one in change. >>
My father, likewise, was born in 1934. Though he never collected coins, he always had an interest in my collection. He had a paper route, scrounged pop bottles, etc. and told me on more than one occasion that he had gotten very few indian head cents over the years.
On a related note, my grandfather, long since passed, was born in 1909. I remember talking coins with him many years ago, and told him it must have been interesting back then, to have been around when all those gold coins were in circulation. He thought that was pretty funny, as he had never seen gold coins in general circulation.....apparently it was not readily available to the middle class in the Midwest even before 1933.
Greg
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#1 1951 Bowman Los Angeles Rams Team Set
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are ones that get inadvertantly put back in. There are no indians
that have been circulating continuously. The odds against it simply
become staggering after only a very few years.
There weren't "really" any when I started in 1957. Sure, there was
the oddball that was seen now and then but these were invariably
damaged or extremely worn common dates.
Most of the older coins were pretty heavily picked over by about 1940
but higher denominations could still circulate since a lot of people
couldn't afford to set them aside. During WWII the economy heated
up substantially and by 1945 it's a safe bet 100% of the better date
as well as the vast majority of all undamaged indians were gone.
This is just a guess and it would vary a little across the country but
probably fewer than 1% of circulating cents were indians by 1945 and
a large percentage were culls.
In some places it was later. My dad was stationed in Puerto Rico from 1961 to 1963 and he found quite a few IHCs in change down there, as well as Liberty nickels and Buffs, Mercs, SLQ, Walkers and a few Barber coins. It was filling out the Whitman albums from the change he received there which got him started collecting.
JP
Capped Bust Half Dollars by Variety & Die State Pictorial Refrence
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Collector of US Small Size currency, Atlanta FRNs, and Georgia nationals since 1977. Researcher of small size US type - seeking serial number data for all FRN star notes, Series 1928 to 1934-D. Life member SPMC.
<< <i>I would frequently receive IHC's on my paper route in the 50's... Had a lot of older customers who, I believe, had coin bottles or boxes and would use them to pay the 8 cents for the paper. Cheers, RickO >>
When I collected on my paper route, it was $1.75 a month, and I most often got a quarter tip. Ahh, those were the days, 188 papers to deliver every day, for that I earned about $30 a month.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
In order to keep this OT (on topic), I did once get an AU 1943 dime as a tip on the paper route. This about 1978, I think.
<< <i>I had a paper route as well but I sure didn't delivery 188 paper per day! How did you do it?
>>
On a bike. Rack on the back, rack on the front, bags over my shoulders, basket in front of the handle bars. And two trips as I recall. Keep in mind, this was NOT the L.A. Times... It was the Santa Barbara News-Press, probably not more than 1" thick when folded. To stay on topic, every dime, quarter and half I got was 90% silver!
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>Most of the coins people find long after they are out of circulation
are ones that get inadvertantly put back in. There are no indians
that have been circulating continuously. The odds against it simply
become staggering after only a very few years.
>>
I agree with this.
I remember as a kid in the 60's spending some common date buffalo nickels from my collection. I needed new goldfish.
As a bank teller in the early 80's I noticed that the senior citizens were the most likely to deposit very old currency and sometimes coins. I'm sure the civil war token I got back them was not circulating for 120 years.
I agree that some coins just take a break from circulation, and that break can be very long.
My route was never more than 62 customers and that was more than I could handle.
I got a fair amount fo silver on the route but not as much as you did!
Those were the days.
Lafayette Grading Set
<< <i>I would say that finding a IHC in change in 1940 was unusual (and I was looking then). Perhaps it would be about on a par with finding a wheat cent today (and I still find these). About three years ago, I got an IHC in change from the grocery store. It wasn't in too bad a condition except quite dark. That was the first one I found in change in decades. >>
That is interesting. If finding an IHC was unusual in 1940 then one can suppose that most were gone pretty soon after they ceased being minted. Pure speculation, but I would say that finding one in circulation in 1920 was probably not common.
My Pop, who was born in 1906, who enjoyed collecting from circulation never had many IHC's in his Maxwell House Coffee Can. He probably would have started picking IHC's out around 1915 or so.
I think that cladking is right. The vast majority of IHC's disappeared from circulation within several years of their demise. Also, to be plucking them out of circulation with a decent opportunity of putting together a full set you would have to been born around 1890. Clearly a generation that has passed.
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
I've put at least two into circulation just for the fun of it, a flying eagle and a couple liberty heads nickels too
All corroded good to fine detail examples - wonder how far they got. I use to like spending Ikes too - till I ran out...
...
<< <i>
That is interesting. If finding an IHC was unusual in 1940 then one can suppose that most were gone pretty soon after they ceased being minted. Pure speculation, but I would say that finding one in circulation in 1920 was probably not common.
My Pop, who was born in 1906, who enjoyed collecting from circulation never had many IHC's in his Maxwell House Coffee Can. He probably would have started picking IHC's out around 1915 or so.
I think that cladking is right. The vast majority of IHC's disappeared from circulation within several years of their demise. Also, to be plucking them out of circulation with a decent opportunity of putting together a full set you would have to been born around 1890. Clearly a generation that has passed. >>
I didn't intend to imply this.
Coin collecting didn't become widely popular until the great depression. Many people weren't working or were underemployed so they had a lot of time on their hands. There were several promoters including B Max Mehl and W Raymond who were encouraging people to look at their coins and to fill folders. it was during this era that setting aside rolls of new coins became more popular as well.
One has to assume that a lot of the indians disappeared between 1930 and 1940. Before this there would have been natural attrition and probably significant public and collector induced "attrition" as well. Lots of coins get destroyed naturally over long periods of time and this will apply especially to lower denominations.
I used to find top quality 1922 pure nickel five cents of Canada in circulation in both Canada and Maine, but they also vanished in the 1960"s along with the restr of the George V heads.
PS, re. the previous post: I have always thought the Swiss rappen coinage were neat, and certainly they have to be contenders, if not the outright winners, of the longest-lived coin designs in world history. They're quite an attractive design, too. (For you Litesiders who aren't familiar, they're vaguely reminiscent of the US Liberty nickel, but with a prettier female head. Definitely a product of their time.) I have a ton of them but no pix of any.
The best coins were gotten when I would go collecting on my paper route (the long gone Phila Bulletin) and people would, more often than one would expect, hit the coin accumulation jars and old coin albums.
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To better put my previous post in perspective, I should point out I was only 5 years old in 1940. Do not underestimate my powers of observation then. However, I was limited in the amount of coins I examined. My father had a change purse and I looked through it very regularily. Any Indian Head Cent I found, I could keep. By 1945 I had half a dozen of them. So we must have found just over 1 a year initially.
By 1947 I was collecting Lincolns by date and mint and searching rolls. I don't think I ever found an Indian in a roll. I bought Whitman folders at this time. This was very frustrating. I ended up with a part 1 stopping in 1941 and part 2 starting in 1947. There were no coin dealers in Bangor, so I mailed ordered from a dealer in Waterville. He was out of stock and sent me a buffalo folder instead. My elder half brother finally bailed me out.
By 1952 I was setting aside unc rolls of current cents. In 1953 I saw no new rolls and in 1954 the rolls of new cents were mixed 1953 and 1954 dates.
Being in Canada, there wasn't a lot of US coins. We did however find the odd very worn standing Lib. quarter, walking half, but never an IHC.
To give you an idea of what could still be found in Canadian circulation, we did however find AG to VG Canadian dimes and quarters spanning the years from 1900 to 1936 (Queen Victoria, King Edward and GeorgeV years).
I'd say about half of them had the dates worn off; the best grades were probably VG. It's difficult to remember, but I do recall scotch taping these coins in a paper notebook (my first coin collection!!).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
From that date onward, it got very rare to find an IHC in circulation.
Prior to that time, I was able to partially fill a Meghrig board with most of the late common ones from circ.
I have collected coins since 1961 as a kid. My dad would get $50 bags that we'd go through [including parking meter pennies] and I never saw a single Indian penny come though anything until 1976 when I found my first Indian penny [an 1894] come out of a roll I got from a grocery store. The cashier handed out some pre-1940 pennies in change and upon further inquiry she had 4 more rolls where those came from which I bought. There were a lot of steel pennies in there as well some with mint luster. I started an honor box vending business in 1987 [which I still do]. I have since found 3 or 4 more Indian pennies. The last one was a 1898 which I found in 2004 or 2005. Incredibly all of the Indian pennies I found were from the 1800s including another 1894. I found my 1931-s in 2009. I also found an 1831 liberty bust half dollar in VF [which was unfortunately stolen] and an 1877 seated liberty dime among other goodies such as a couple Morgan dollars that only could show up in an honor box. I still got a silver coin a day even into the early-mid part of the 2000-zeros. Today I'm lucky to get one once every 3 months. Wheat stalk pennies were fairly easy to find on my route throughout the 2000-zeros as well and I still find an occasional wheat penny even now. I believe the advent of the state quarter series brought coin collecting into the mainstream and now makes it near impossible to find anything numismatic now.
Dang, I just hate these resurrected old threads.
Waste 15 minutes until you figure they’re +- 20 years old.😬
Well, the new OP was actually very interesting. 🤔
I found two IHCs in a hundred bank rolls last week.