One of the first things to know about collecting United States coins is how the various denominations and types came into being, and which among them are considered better date and rare coins. It is these coins that are more difficult to acquire. And they are the ones that, over time, will more likely go up in value.
So, we thought the best way to approach this topic will be to present the types of US coins people are most likely to have, first. Later, we’ll take up the more obscure, but equally intriguing, types.
Farmers prepare their soil each year for what they hope will be a profitable growing season. For an English plowman near Dover this season turned out better than usual. As the soil turned over and over a glint of gold flashed from the ground. But the plowman didn’t see it.
Much has been made of the “VDB” cents of 1909 that kicked
off the longest running series of all United States coins. VDB, the monogram of
Victor David Brenner, the designer of the Lincoln Cent, evokes a compelling story
of brilliant artistry with an overlay of political intrigue that hopefully was
well covered in the last Coins and Context article. But – there were five more issues of the
Lincoln cent that collectors have sought over the years with great vigor.
President Theodore Roosevelt was an ardent admirer of
President Abraham Lincoln. He was also
committed to changing US coin designs as he saw fit. The 100th anniversary of Lincoln’s
birth in 1909 afforded just such an opportunity.
Think of pennies… and how long they’ve been made. It’s 225 years. And for the last 109 of those years, the Lincoln Cent has been the penny being made. For us, our parents, and grandparents (and maybe even great grandparents) a new penny has been a Lincoln penny.
So, the Indian Head Cent, after a few problematic years of its early production, became a fixture in daily commerce of mid-19th century America. Large cents, Flying Eagles, and Civil War tokens faded into memory to be resurrected in later years in small accumulations of family memorabilia that are still with us, but in a different context.
After a short two years of minting the first small cents,
the ones with the well-known flying eagles, James B. Longacre was called upon
to come up with a new design that would hopefully mitigate the production issues:
weak strikes, fast wearing dies, and over-stressed coin presses.
When collectors of US coins are asked to identify the most
beautiful coins in their collections, they usually include the Flying Eagle
Cents of 1857–1858 near the top of their lists. With only two years of regular production, a complete set is
attainable in decent condition at a reasonable cost.
Have you ever walked by our store and wondered what a "Coin Gallery" might be? London Coin Galleries started here 38 years ago to serve local coin collectors. So now you may be wondering what coin collecting is all about. Want an introduction? Read on...