1877 Indian Head

Most likely counterfeit, only 852,000 made that year this coin, if real would easily rake in 2k.

 

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More than 2k in that condition. I still believe it is a counterfeit, but recommend(as mentioned) you get confirmation from dealers or one of the TPG's. The proofs were struck with with bold N's but this looks like a business strike. Here is an auction for a proof 1877 - http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180635232821

 

That coin doesn't look right to me. The N's in ONE CENT are too strong for it to be real, plus the bust of liberty looks very strange.

 

PS - http://www.thepennylady.com/coinphotogallery.html - you can look at the bottom of the page here to see a really nice business strike 1877. You can compare the N's in one.

 

I didn't know Indian Head coins had a Liberty Bust on them?

 

It's technically Lady Liberty wearing an Indian headdress.

 

I'd just buy one that's already certified. In that condition, is way more than $2K.

 

History on the coin:
My Father bought this coin from a co-worker friend 25 yrs or so ago. He took the coin to Stacks in NYC and was told he get 600+ at auction. The co-worker who sold him the coin got the coin from her father who had 5 of them all uncirculated. Not sure where this co-worker's father obtained them. I will have this coin looked at further. My father paid 100 bucks for this, so it wouldn't be too devastating if it is a fake.

 

looks like a tooled 1879 coin. The central reverse will show the weakness in the Ns of One and Cent, on a genuine coin. The date on this one looks funny because if you look at the second 7, it doesn't fit with the first.

The first thing that I figured was a proof strike because the reverse detail would be good, but when I examined the date closely, it becomes rather obvious that this coin is a fake

 

The 1877 hhas a weak N and the Proof has a strong bold N acording to Snow. Good book on Flying Eagles and Indian cents.

 

Flying Eagle and Indian Head Cents by Richard Snow......Red Book