The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
The 1896 Indian Cent is a common issue in the Indian Cent Series that would make the ideal type coin. Circulated coins are extremely common and accessible. In order for uncirculated coins to be scarce and valuable there must be some, if not complete, red coloring. The finest gems can be rare.
Obverse Description
A portrait bearing the likeness of a Native American in full headdress framed by the words UNITED STATES OF AMERICA around the periphery. The date is centered at the bottom under the portrait.
Reverse Description
The reverse bears the denomination of ONE CENT in the center surrounded by a wreath bearing a ribbon with arrows tied in at the bottom center.
Book Reference
1896 Cent Production: As the country began to recover from the depression of 1893, businesses began to feel strong growth, justifying the need for more coins. The Mint experienced strong demand for cents and thus devoted much energy to increasing output this year and for the years to follow.
Survivability: The coins of this issue were put into circulation and stayed there for at least a generation.
Collecting Challenges: These are widely available in most all grades except in gem condition. Select eye-appealing coins with good strikes and no problems.
Collecting Circulated Pieces: The optimal collecting grade for circulated coins is AU-50 to MS-63RB. These should be easy to find without any problems.
Collecting Mint State Pieces: The optimal collecting grade for Mint State coins is MS-65RB or MS-64RD. These are a bit scarcer than other dates in the later 1890’s, although this is not currently reflected in the price. Full red gems are surprisingly scarce. These tend to be a bit bright pale-gold, rather than the red-gold of other dates. Perhaps this makes them harder to be accepted as true gems.
Collecting Proof Issues: The mintage for this issue dips below the 2,000 mark for the first time since 1877. Mintages from here until the end of the series will remain at these lower levels. This date is very tough with full red color, especially in PF-65RD or higher grades. Many of the high-end examples will get the cameo designation.
VARIETIES:
Presently 16 varieties are known, mostly minor repunched dates.
Catalog Information
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS66 |
|
$1,400 | $1,234 |
| MS66 | - | $1,100 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
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