Coin and Paper Money Collecting/1887 Indian Head Penny

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Expert: - 9/7/2008


Question
I have an 1887 Indian Head penny.  To the left of the face is a large stamped "S".  I'm curious if you have seen this before and why it would be stamped.  I would also like to know if it increases its value at all.

Answer
Hi Susan,

The value is decreased as the "S" was added after it left the mint.  This could have been done by an individual or a buisness for promotional purposes, but there is no way of knowing which.

In used condition, you coin is worth under $1

Regards
Joe Hylas
www.AllCoins.US

Coin and Paper Money Collecting

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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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