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Coin and Paper Money Collecting/1863 Penny
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Question
I have an 1863 indian head penny (13 stars on the front) and on the back the words Army & Navy wiyth a wreath onthe sides/bottom of the coin. what is it worth?
Hi Lynne,
This is not a penny. It is a "Hard Times Token". When small change was limited in the 1800's, commercial ventures made their own tokens to be used for commerce.
They normally trade in the $8-$15 range for the one you have unless it is very high quality. In that case, it would be more.
Regards
Joe Hylas
www.AllCoins.US
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| Comment | Very knowledgable, clear explanation and history also | ||
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Answers by Expert:
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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