Old Pueblo Coin – Tucson, AZ Finest Coin Dealer

The Coin Geek

Coin of the Week November 15, 2017

In order to make up for lost time, we’re going to “cheat” a little bit and showcase two(!) coins for the Coin of the Week.

Before we look at our first coin, let’s give some background information. Indian Head Cents come in 3 types:

  • Type 1 (1859) was only minted in the year 1959, with the reverse featuring the words “ONE CENT” encircled by a wreath tied at the bottom by a ribbon.
  • Type 2 (1860-1864) keeps the same obverse, but the reverse has some noticeable differences: the wreath and lettering are fuller, a small shield occupies the top center, and the ribbon now also holds three arrows.
  • Type 3 (1864-1909) keeps the same design as Type  2, but the composition switches from Copper-Nickel to Bronze. Both the thickness and weight of the coin are reduced.

This particular Indian Head Cent is minted in the year 1863, meaning it is Type 2. It has been graded MS62 by PCGS.

 

1863 Indian Cent PCGS MS62     1863 Indian Cent PCGS MS62 - Reverse

Liberty Nickels have two types:

  • Type 1 (no “CENTS” , 1883) Liberty Nickels had a large “V” on the reverse, but did not contain the word “CENTS” anywhere. This prompted some individuals to hand carve reeding to the edges and gold-plate the coins in an attempt to pass them off as $5 Gold Half Eagles (these nickels are known as “Racketeer” Nickels).
  • Type 2 (with “CENTS”, 1883-1913) Liberty Nickels were minted with the word “CENTS” to counter such individuals. “E PLURBUS UNUM” was moved to above the “V” to make room for “CENTS”.

This particular Liberty Nickel was minted in 1907, and is clearly not a $5 Gold Half Eagle. It has been graded MS64 by PCGS.

1907 Liberty Nickel PCGS MS64     1907 Liberty Nickel PCGS MS64 - Reverse

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