1905 Indian head penny

Look what my wife found.

 

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Nice!! Where did she find it? @Joshua Killian

 

In the cash register at her work

 

Ohhh, The old cash register story. One man's trash is another man's treasure or in your case, Woman.

 

The condition of that cent is less than Good

https://www.usacoinbook.com/coins/333/small-cents/indian-head-cent/1905-P/

 

I would grade the coin Good.

 

Not worth much but it only cost you 1 cent. You should flatten out the Staples though so they don't scratch any other coins in your collection.

 

Ever wonder why these aren't Indigenous American Cents by now?

 

To some collectors they may be.

 

We could call them Guardian Cents like those Cleveland fellows.

 

It is easily in Good condition, but they sell for less than $1 in that grade. The Grey Sheet says it's worth $1, but that's really the retail price when you are a dealer looking to sell it.

 

My dealer sells them for $.75.

 

When I was a dealer, the buy price was around 50 cents. The trouble is the cost of handling it exceeds the mark-up, so the buy prices are low.

 

Guys, …more info for your bonnet…PCGS Photograde shows this level of wear to be VG08. Regardless, it is true that these lower grades all sell for about 75 cents to $1.00.

I had 10 IHC, only 2 had a trace of LIBERTY (headband) lettering visible. All 10 were found from circulation around 1962. They were valued @ $2 ea. in 2011, I have passed them on to my family.

I guess the important thing to remember is: Your coins are more precious to you as a found artifact than as a sold commodity, imo.

 

Calling that a "VG" is an example of "grade-flation." They do it mostly on 1908-S and 1909-S Indian Cents, and that's a shame.

 

I could care less what it's worth. Nice find!

 

If your wife isn't already a member, have her sign up.

The worth of the coin isn't nearly as important as the fact it is in circulation. Must be one that was put in the wild during "coin week."
Nice find.

 

Ask your wife to find one for me!!! I don't care about the condition!! I'll even pay the postage!!

 

Very true

 

POLITICAL REMOVED
The 1905 Indian cent looks like a solid good+ as far as grade. Not worth much but, still a keeper. Doesn't look damaged just even wear. I like it. I wonder who spent it. I know in the early 60's Indians would sometimes show up in circulation. Buffalo nickels were common. Even Standing Liberty quarters were still in circulation. That all changed in 1965. I was a kid back then and the first coin that got me into coins was a Walking Liberty half dollar my grandmother gave me to buy a package of plastic army men at a store. This would have been in 1962 or 1963 when I was about 5 years old. When I saw the half dollar wanted to keep it. I remember thinking that it was the coolest coin I've ever seen. I did buy the army men but, never forgot that half dollar. And because of that one coin I became a crazy collector like the rest of you.