Why the 1877 Indian Cent is so rare.

EagleEye

Link to video.





One mistake, the legal tender limit was 4 cents, not 4 dollars.



Also, the 1877 was a 65RD not a 65RB.

AMRC

Link is not working

metalmeister

I am still hoping a hoard will emerge. That would make the TV news.

Bochiman

Originally posted by: AMRC

Link is not working

Same thing everyone is hitting these days.



Just click it, remove the http:// and https:// and refresh it in your browser.



Simple fix, but a PITA. Not his fault...that is what the upgrade seems to be doing lately.



Or click this link

EagleEye

yes, that's the problem, I fixed it.

lkeigwin

Originally posted by: Bochiman

Originally posted by: AMRC

Link is not working

Same thing everyone is hitting these days.



Just click it, remove the http:// and https:// and refresh it in your browser.



Simple fix, but a PITA. Not his fault...that is what the upgrade seems to be doing lately.



Or click this link

65RD, yum!



BTW, the link issue isn't a forum software problem. It is a failure of the user to click the https button for an https link, not the http button.

Lance.

ebaybuyer

that explanation of how the coins go back to the mint for re-issue after being used for a few years is much different than everything ive ever read about how coinage is distributed from the mint to the treasury to the banks to the public

mannie gray

Cool video, thanks for sharing.

Raybo

I really don't want to talk about my UA example...........

SaorAlba

Very fascinating, makes me appreciate the 1877 that much more now knowing there are less known dies than could have possibly struck 825K coins.

spacehayduke

Er ah, very nice indian cent, but, the 1877 indian cent as a coin is not rare. Rare is less than 100 extant IMHO. There are 1000s of these extant. There are multiples offered at every HA auction. Still this one Rick shows is nice!

Best, SH

Boosibri

Originally posted by: spacehayduke

Er ah, very nice indian cent, but, the 1877 indian cent as a coin is not rare. Rare is less than 100 extant IMHO. There are 1000s of these extant. There are multiples offered at every HA auction. Still this one Rick shows is nice!



Best, SH

Agree. I suppose you could call it relatively rare.

sparky64

Nice video. Very educational.

Thank you.



Of course I would like one some day.



A while ago there was a damaged one on the BST.

It wasn't all that bad and the date was super clear.

I saw it, thought for a minute and in that minute it was gone.

DollarAfterDollar

Rick Snow indicated "rare in mint state".

Otherwise you are correct, there's often a cleaned/worn version that pops up in most larger auctions.

Still never will be cheap.

DeepCoin

The knowledge about die life and there only being on reverse die and two obverse dies was new to me. Rick makes a good case for the official mintage being less than stated, given the die life of the times. Great information!

roadrunner

Originally posted by: Boosibri

Originally posted by: spacehayduke

Er ah, very nice indian cent, but, the 1877 indian cent as a coin is not rare. Rare is less than 100 extant IMHO. There are 1000s of these extant. There are multiples offered at every HA auction. Still this one Rick shows is nice!



Best, SH

Agree. I suppose you could call it relatively rare.

It's rare like an 1893-s Morgan dollar or 1916-D Merc dime. Some Indian cent varieties are probably rare though.

291fifth

The 1877 Indian cent is popular, not rare or even scarce. All it takes to own one is money.

TigersFan2

I like that video a lot more that Jolteon's videos.

BillJones

U-Tube again ... I can't access it.

7Jaguars

You noticed, Rick corrected the rarity bit in the video.

johnny9434

a little insight on some good stuff thanks for sharing

EagleEye

Thanks. We tend to throw terms like "Rare" around without defining what it is. The correct term should be "relatively rare" - it is the "rarest" date in the Indian Cent series, after the 1859 Shield cent.



When you are asked to say something on the spot without any advance preparation, then things come out that you would like to reword. Like saying the legal tender limit was $4, when I know quite well it was 4 cents and saying the example in hand was a MS65RB when it was a full red example. You can't stop and correct it because you will kill the flow of the message.



This information about the 1877 Indian cent is not new, I wrote an article for the Numismatist about it in the early 1990's.

TwoSides2aCoin

I think 291 Fifth is hung up , as many, on terminology and definition, that the reality show going on around them is literally missed. Figuratively speaking, of course. Then again, I could be wrong or just hung up on the word "rare", in the title.

I've owned 2 1877's. Down to 1. However, in small cents, it's that '56 Flyer I considered "rare to own".

You know you're a geek when you can sit through THIS. So, I'm a geek

leothelyon

Well, searching ebay, 394 have sold in the last 90 days with another 314 listed. If this is the case yearly, in 10 years 12,000 examples of this date in various grades, most likely low, have come and gone. I once had the bug for the 09SVDB and the 16D Merc but at the major coin shows, it seemed like every other table had one or multiples to sell. I know I could have bought and resold later and likely profit but other coins I was in pursuit were harder to find. Get my point? But this is not to say mint state examples are all that readily available.


Leo

TwoSides2aCoin

Appreciate that information , Leo. Question is : How many were MS 65 RB or RD ?

Walkerfan

I enjoyed that educational video and cool, rare, red cent!

ricko

Thanks for the video Rick... quite informative. Cheers, RickO

sawyerjosh

Cool video!

Wabbit2313

Very interesting.

Doubledieanotherday

Great video. Been on a long hunt for a choice example. I feel any collector can appreciate a good 1877 Indian

moursund

@Doubledieanotherday said:
Great video. Been on a long hunt for a choice example. I feel any collector can appreciate a good 1877 Indian

Yikes! Another thread resurrected from years ago!

I like your username, by the way... 😉

PerryHall

@moursund said:

@Doubledieanotherday said:
Great video. Been on a long hunt for a choice example. I feel any collector can appreciate a good 1877 Indian

Yikes! Another thread resurrected from years ago!

I noticed that. Coincidence or a formally banned alt?

Zoins

Here's the embed

https://www.youtube.com/watch?v=YY5cSnU_SwU

And a coin

BuffaloIronTail

@EagleEye said:
Thanks. We tend to throw terms like "Rare" around without defining what it is. The correct term should be "relatively rare" - it is the "rarest" date in the Indian Cent series, after the 1859 Shield cent.

When you are asked to say something on the spot without any advance preparation, then things come out that you would like to reword. Like saying the legal tender limit was $4, when I know quite well it was 4 cents and saying the example in hand was a MS65RB when it was a full red example. You can't stop and correct it because you will kill the flow of the message.

This information about the 1877 Indian cent is not new, I wrote an article for the Numismatist about it in the early 1990's.

Absolutely. Rick.

Pete

Crypto

1877 IHC was the first Key date I ever owned as a kid. This one is similar to the one I had so I bought it as a tribute

ricko

Good thread to resurrect.... Informative for a lot of collectors. Rick is an expert on these coins and a font of knowledge. Cheers, RickO