Help with 1859 Indian Head Cent

Discussion in 'US Coins Forum' started by Asher, Aug 4, 2023.

  1. Asher

    Asher Active Member

    I need this coin for my 7070 type set. I don't understand the higher price of the 1860 (w/shield). All 1859 has for itself is for type collectors, but does it have that much effect to cost $50 (wholesale) more in XF? Information below.

    Mintage of 1859 approaches double for 1860 as does survival. I can imagine in 1859 that the Indian Head is replacing the Flying Eagle and people would be hoarding the Flying Eagle. 1860 rolls around and the Indian Head now has a shield, so people would probably save some 1859's.

    So this seems that the ONLY reason the 1859 is $50 more than the 1860 is type collectors. That seems too extreme to me. I must be missing something else.

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    1859 1C XF40 PCGS. CDN: $105 Whsle.
    Mintage: 36,400,000
    $115 - Heritage Apr 4, 2023

    POPULATION IN ALL GRADES
    PCGS 4,150
    NGC 2,889

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    1860 1C XF40 PCGS. CDN: $52 Whsle.

    Mintage: 20,566,000
    $71 - Heritage Feb 8, 2022

    POPULATION IN ALL GRADES
    PCGS 2,229
    NGC 1,642

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