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Expert: - 7/24/2009


Question

1863 Indian Head penny
I recently acquired an 1863 Indian head penny with the back side being an advertising for AM Johnston Grocer 52 Main St Buffalo. Is it more valuable because of the advertising and is it an actual US minted coin, or simply an advertising piece? What might the value be? Thanks Paul.

Answer
Hi Paul,
Trade tokens were somewhat common in the late 1800's when small coinage was scarce and merchants would produce their own coins.
A genuine 1863 penny would only be worth about $5, however trade tokens are highly collectible and yours should bring $15-20

I hope this helped you.

Regards
Joe Hylas
www.AllCoins.US
Omega Precious Metals
    Questioner's Rating
    Rating(1-10)Knowledgeability = 10Clarity of Response = 10Politeness = 10
    CommentThank you Joe for the information on my trade token. I appreciate the help immensely. Yours truely, Paul Lehoux


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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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