1887 1C, Indian Head Cent
The 1887 1C, BN (Brown) Indian Head Cent is a popular and intriguing item for collectors, known for its historical significance and relative abundance. Minted in the Philadelphia Mint, this coin is part of a long-running series which was designed by James B. Longacre, the Chief Engraver of the United States Mint. The obverse features the profile of Liberty wearing a feathered headdress, while the reverse displays a laurel wreath surrounding the denomination.
In 1887, the mintage of the Indian Head Cent was substantial, with a total production of 45,223,523 coins. This high mintage makes the 1887 Indian Head Cent relatively common compared to earlier dates in the series, especially in circulated conditions. Due to its considerable availability, the 1887 cent is often a starting point for collectors interested in assembling an Indian Head Cent set. The PCGS (Professional Coin Grading Service) recognizes this piece under the coin number 2157. It is known for its variations in color and surface preservation, with the "BN" designation referring to the brown toning that many of these coins exhibit over time.
While circulated examples are common, mint state examples are more elusive, commanding a premium due to their well-preserved condition. From a numismatic standpoint, the coin's attraction is not merely in its availability but also its role in American coinage history. The Indian Head Cent series ran from 1859 to 1909, encapsulating a transformative period in US history, including the post-Civil War era and the industrial revolution. Collectors often find the historical context as appealing as the numismatic challenge of acquiring well-struck or unique specimens. In terms of market value, the 1887 Indian Head Cent in BN condition varies based on its specific grade. As of the most recent sales data, circulated examples in lower grades can be found in auctions and numismatic marketplaces often ranging from $5 to $20.
Uncirculated examples, particularly those in grades MS-63 and above, can see higher valuations. For example, MS-63 BN specimens have been known to sell for around $100, while prices can climb significantly for MS-65 BN examples and higher, potentially exceeding several hundred dollars depending on collector demand and coin quality.
Auction platforms regularly feature 1887 Indian Head Cents, and noteworthy recent sales have seen MS-66 BN grades achieving prices upwards of $800, as these high-grade examples are rarer and appeal to collectors aiming for the pinnacle of condition for this issue. In conclusion, while the 1887 1C, BN may be readily available, various grades and conditions offer a spectrum of collecting opportunities. Its wide appeal is sustained by both the nostalgic connection to a bygone era and its intrinsic qualities as a characteristic piece of the American numismatic landscape. Each coin represents a tangible link to the era in which it was minted, offering collectors both a piece of history and a strategic element in a comprehensive coin collection.
