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FutureStarrIs the 1898 Dime Worth Your Spare Change?
Coin collecting can be an exciting endeavor; you never know what treasures await you. Your spare change may be worth more than you realize if you take time to look deeper.
Coins such as the 1898 dime are especially rare and valuable.
The 1898 dime is an extremely rare coin that was struck at the San Francisco Mint. The distinctive "S" mint mark adds to its appeal for collectors, making it even more collectible.
In 1854, The San Francisco Mint was established and quickly rose to become one of the most renowned branches of the United States Mint. Born out of California's Gold Rush, it quickly became the center of Western Coinage production.
In addition to coin production, the Mint was an influential financial institution. It provided money for rebuilding damaged banks and cities after the 1906 earthquake. Furthermore, it stored an estimated $300 million in gold - equivalent to 30% of US gold reserves at that time - which served as backing for the dollar.
Thankfully for the Mint, its building and wealth remained undamaged during this catastrophe. Superintendent Frank Leach and his men were able to safeguard gold supplies and bullion from looters or theft during this turbulent time.
Days after the earthquake, the Mint was able to provide $5 million in funds to aid San Francisco and Alameda County. This substantial gift provided a major impetus to local economies and helped bring back the city's vibrancy.
Although the building itself was unharmed, it did sustain fire damage. Fortunately, with help from a former Oakland fire chief and their dedicated staff members, firefighters were able to contain the flames within seven hours.
Though this is a familiar story for any building, the Mint's ability to remain unharmed during this event is an incredible testament to their staff and the facility itself. It also demonstrated to the world that this was an enduring and secure structure.
This building was constructed to withstand both fire and earthquakes. Architect Alfred Bult Mullett designed it in a Greek Revival and Doric Order style, featuring many features believed to be seismic resistant.
The New Orleans Mint is one of America's most iconic and captivating numismatic sites. This building has played an important role in numerous historical events, such as the Civil War, while also housing several museums and providing an exciting venue for music performances.
The history of the New Orleans Mint is truly amazing, and its coins are some of the most stunning and valuable in American numismatics. Unfortunately, they can be extremely hard to locate in serious collections.
For two decades in the early American Republic, New Orleans remained a major trade hub and major port for gold and silver exports. This made it an ideal site for a mint.
Construction on the New Orleans Mint began in 1835 and was designed by John Strickland. While he had designed the Philadelphia Mint before, he wasn't prepared for the challenges that lay ahead at this location.
The New Orleans Mint, situated on Esplanade Avenue in the French Quarter, is one of the oldest and most historic buildings in the city. Constructed with Greco-Roman architectural elements, it is now a National Historic Landmark.
The Mint was a huge success in its early years, but its fortunes took an abrupt turn when the Confederate States of America captured it in 1861. That facility was then used to mint four half dollars with a Confederate design on one side, but all coin production thereafter ceased.
After the Civil War ended, the New Orleans Mint resumed its original role as an assay office. Following this period of reconstruction, it was fully operational again with new minting equipment.
In the second decade of the 20th Century, the New Orleans Mint struck over 5.5 million Morgan silver dollars. Additionally, they produced a considerable number of Liberty Head pennies, half dollars, and dimes.
The Barber dime was a highly sought-after coin in 1898, and many are still in circulation today. These coins boast an eye-catching design and come in various grades; the Good grade being particularly affordable. As such, they command a small premium on the value chart due to their appeal to coin collectors.
In 1792, the Philadelphia Mint opened a multi-building facility on Seventh Street between Arch and Filbert Streets near the city's central business district. Safeguarded by the newly formed United States Mint Police, this complex produced copper half-cent and one-cent coins; silver half-dimes (the precursor of today's nickel), dimes, quarters, and half dollars; as well as gold two-and-a-half dollar, five dollar, and ten dollar coins.
Coin production was generally slow, due to outdated machines that relied heavily on human labor. As the United States' population increased, so too did demand for coins; eventually the first mint ran out of space and needed a larger and more sophisticated facility in order to meet rising production volumes.
The third Philadelphia Mint, constructed in 1901, still stands today. It boasts majestic Ionic columns that lead to a lobby decorated with vaulted ceilings and seven glass mosaics designed by renowned artist Louis C. Tiffany to depict ancient Roman methods of coin production.
Many consider the Philadelphia Mint to be "mother" of all US Mints. As the first federal building constructed under the Constitution for public use, its history is truly fascinating.
Although the Mint was initially unsuccessful, it eventually played an essential role in the growth of America's economy. David Rittenhouse, its head mechanic with considerable financial expertise, proved to be a successful manager.
Consequently, the Philadelphia Mint produced more than half of all United States coins during its existence. Unfortunately, its capacity was quickly exceeded and a larger facility had to be constructed in order to continue production.
Today, the Philadelphia Mint has an expansive facility that can produce up to 1.8 million coins an hour and 32 million per day - totalling 13.5 billion coins annually!
The 1898 dime is one of the more sought-after coins for collectors. While it may not be as rare or difficult to locate as some older editions, its collectability still remains high.
If you are new to numismatic collecting, this coin is an ideal starting point. It is relatively rare and comes in various grades; the best way to determine if you have a great deal is by inspecting the condition of your coins.
You can tell if your coins are in good or poor condition by looking them over with a magnifying glass. The coin should have some shine and no signs of wear, plus a clean date and rim. If you're uncertain what grade to expect, ask for assistance from an accredited coin grading service for guidance.
Another thing to check on these coins is the mint mark. This will tell you whether it was produced at either San Francisco or New Orleans Mint. Likewise, check if the letter mark reads Y or O - if an O appears, then this coin was likely struck at New Orleans Mint.
These three coins are an ideal starting point for new collectors looking to assemble a comprehensive set. They're accessible, affordable, and come in various grades.
As you add coins to your collection, keep an eye out for rare coins that could be worth a premium. For instance, the 1829 curl base "2" Liberty Cap dime is one such coin and could potentially fetch as much as $7,750.
The 1874-CC Liberty Seated Dime is an extremely rare coin, valued up to $5,000. Unfortunately, it's not very common and doesn't appear often in auctions.
When hunting for a rare coin, it's essential to do your due diligence. If you are uncertain of the value of your coins, consult a local coin dealer or numismatic expert; they can tell if your coins are in good or poor condition and offer an estimate as to how much they could be worth.
James Barton Longacre designed the Indian Head penny, making it one of America's iconic coins. Minted between 1859 and 1909, this coin bears his design signature.
The Indian head penny is composed of 88% copper and 12% nickel. Weighing 3.11 grams with a diameter of 19mm, it features an intricate design.
The 1895 Indian Head Wheat Penny value is an iconic coin among coin collectors. It's one of the most beloved American coins, and many numismatists would be thrilled to add one to their collection. Unfortunately, these coins can be difficult to locate in mint condition.
Due to their production date of the late 1800s, coins produced during this era may have seen extensive wear and tear. Therefore, it's essential that you select a coin that has been properly maintained and has not been circulated.
When determining a coin's value, one of the most influential elements is its condition. Grading plays an integral role in this process.
Grades are typically assigned by a company that employs expert opinion to assess the quality of a coin. They will assign each coin an overall grade from 1 to 70, with higher numbers representing higher-grade coins.
For instance, a coin that has been graded MS 65 will be worth approximately $280; similarly, one graded MS 60 would only have an approximate value of $40.
Another factor that could influence coin value is its color. This occurs due to changes in copper composition over time.
An 1895 Indian Head in red is highly sought-after due to its rarity and limited availability in good condition. Red is one of the most desired colors on these coins, making it highly valuable.
Brown Indian Head coins may have a slightly lower value than their red counterparts, but they still make for good investments due to how easy it is to find in excellent condition.
An 1895 Indian Head coin has a much higher value than a mint state coin due to its rarity, making them even more valuable. That is why you should consider investing in an MS 65 grade coin instead of one with lower quality.
The 1895 Indian head wheat penny value is a beloved coin among coin collectors. Minted just prior to the Civil War, these coins are considered part of American history by numismatists.
The 1895 Indian Head Wheat Penny value depicts Lady Liberty wearing a Native American headdress, designed by James Longacre - then employed at the Philadelphia Mint.
These pennies feature the words UNITED STATES and OF AMERICA along with a date printed around their edge.
One of the most captivating features of these coins is their coloration, which can range from brown to red-brown or full red depending on how copper ages. These hues are a result of how copper tones with age.
Most pennies come in either circulated or uncirculated condition; however, some can even be found in cameo condition, which is highly sought-after and highly valued.
Another feature that sets these coins apart is their reverse, or back side. The design features a laurel wreath encircling the "one cent" face value with a ribbon connecting the two branches at the bottom.
It also features a shield with three arrows emerging from it and the legend ONE CENT inscribed in its center. These arrows symbolize readiness to defend the Union.
Although large cents were popular with coin collectors, they faced difficulties as early as 1793 due to the US government's prohibition against any metal other than silver and gold being used as legal tender. Therefore, Large Cents could not be used for paying taxes or other government obligations.
Therefore, the US Mint decided to replace these coins with a new series of small pennies designed by James Longacre that could be used for internal circulation. This series, known as the Indian Head Penny, began production in 1859 and featured his design.
These pennies feature Lady Liberty wearing a Native American headdress on the obverse, along with the words UNITED STATES and AMERICA written beneath. Additionally, there is an embossed design on the reverse that features a laurel wreath and shield.
Indian Head pennies were issued by the United States Mint from 1859 to 1909. These coins have become beloved to coin collectors, as well as being found in estates and family heirlooms.
When purchasing 1895 indian head wheat pen values, make sure the coin is in excellent condition. These coins can range in value from less than $3 to more than $50 in circulated condition.
This type of penny is widely circulated, so you're likely to find one at your local coin shop. They're also popular among numismatists who are building type sets or compiling series collections of these coins.
The Indian Head penny's obverse may not be as captivating as that of the Lincoln cent, but it still makes for a valuable collectible. Designed by Chief Engraver James B. Longacre in 1883, this coin sought to replace the Flying Eagle penny which had been discontinued after two years of production.
Longacre tested three designs for the obverse of this new coin, eventually selecting one featuring a centered laurel wreath in low relief. This symbol was popular among Native American tribes of the area.
It's possible that Longacre was inspired by a silver dollar design produced the year before, which featured an eagle and shield on its obverse. Unfortunately, this bold choice proved too large for such a small coin and instead chose to focus on more conservative choices for its initial release.
Though not an original concept, the design of the Indian Head penny quickly gained popularity among American citizens and coin collectors alike. This design was even used on several other American coin issues such as gold coins.
In addition to its obverse design, the Indian Head penny also featured a reverse that featured an oak wreath with ornamented shield above. This compromise between the original design and laurel wreath design is considered an important part of this coin series' overall history.
Indian head wheat pennies have long been sought-after by coin collectors and are essential pieces for any collection. Grades range from M to G+, with some of the highest examples worth far more than their face value.
An 1895 Indian Head Wheat Penny's value depends on several factors, including color and condition. Generally speaking, coins with red or brown colors tend to be more valuable than their lighter counterparts; a brown example with an MS60 grade can sell for approximately $50 while one red coin with the same grade is worth approximately $45 each.
This coin depicts Lady Liberty wearing a feathered headdress. She is depicted in profile facing left with the word "Liberty" written along her headband and leaves encircling the edge of her crown. The date of issue appears at the bottom right, while the reverse features an oak leaf wreath.
It is believed that the change from a laurel wreath to an oak wreath on the reverse of this coin was caused by increasing tensions between Northern and Southern states which were threatening secession from the Union. Regardless, no official explanation was given for why there had been such an abrupt switch.
Another interesting fact about Indian head wheat pennies is that they were produced by two mints - Philadelphia and San Francisco. Up until 1907, only Philadelphia issued Indian head pennies; thus, these coins were the only type ever struck outside of that facility.
Due to their significance in American history, these pennies are highly sought after by collectors. A 1902 Indian head wheat penny with either red or brown colors is the most sought-after example, though there are several rarer variations which could be even more valuable for coin enthusiasts.
Most pennies in circulation contain errors or other flaws. These may include repunched dates, misplaced date digits, and other issues which collectors often overlook. Usually these types of mistakes can be detected by an expert who will identify them and assess their value accordingly.