We are offering an 1868 Indian head cent. LIBERTY is partial and the feathers are worn flat. The wreath shows some detail but is worn flat in some areas. We believe this coin to be in very good condition.
From 1793 to 1857, the cent was a copper coin about the size of a half-dollar. The discovery of gold in California caused large inflation in prices. As gold became more abundant, the price of copper rose. Cent and half-cent manufacture were one of the only profit centers for the Mint and by 1850 the Mint began looking for alternatives. In 1857 the Mint reduced the size of the cent and changed the composition to 12% nickel and 88% copper (copper-nickel), issuing a new design, the flying eagle cent. The new pieces were identical in diameter to modern cents, though thicker. This was the first use of copper-nickel by the United States. The copper-nickel made them look brighter and they began to be called "White cent" or "Nicks".In the postwar period, the cent became very popular and was struck in large numbers in most years. An exception was 1877 when a poor economy and little demand for cents created one of the rarest dates in the series. With the advent of coin-operated machines in the late 19th and early 20th centuries, even more, cents were produced, reaching 100 million for the first time in 1907. In 1909, the Indian Head cent was replaced by the Lincoln Cent, designed by Victor D. Brenner.
T-2 - QXZQ - 1/12 - S8 - BC
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DISCLAIMER: Please examine the photos carefully and purchase based on the condition you see and believe the item is. We do not offer any of our currency or coins that are raw with grades, we offer them only with photos and our asking price. We will state our opinion, but, you be the judge of the quality of our raw currency and coins. We will not specify or guarantee a grade unless the coin or currency has been professionally graded by PCGS, NGC, or PMG. Further, we do not guarantee any raw coin or currency to meet any specific grade by any other standards.