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TN122_130 4/6/07 5:18 PM Page 129

GETTING STARTED MITCH SANDERS Flying Eagles and Indian Heads

Once familiar images on the common, American “penny,” these popular motifs eventually gave way to a presidential portrait.

America’s economy, as paper currency The and the In- displaced metallic money. - dian Head cent often are collected to- NE HUNDRED cents had once been plentiful— gether. The four major types include: and fifty years sometimes to the point of nuisance. Flying Eagle (1857-58); copper-nickel ago this month, But as the conflict continued, cents Indian Head (1859); copper-nickel In- something en- were hoarded, prized for their conven- dian Head with modified reverse tirely new appeared ience in everyday commerce. With (1860-64); and bronze Indian Head in American commerce: nickel comprising 12 percent of each (1864-1909). Collecting one of each the small cent. Until 1857, cent, a limited supply of the metal kept gives a nice overview of the two series. cents were bulky copper the Mint from keeping up with de- A complete collection of Flying coins, inconvenient to use and in- mand. Made in vast quantities with a Eagle cents contains only two pieces, creasingly expensive to make. But the wide variety of patriotic slogans or ad- though the scarce 1856—prepared new, smaller, copper-nickel cents were vertising messages, privately issued as a pattern, not for circulation— V instantly popular, because they were bronze tokens filled the gap. compact and could be exchanged for Official cents—made of bronze— worn, Spanish silver coins that had lin- returned to circulation in 1864. Mint- Only the headdress on the 1859 gered in America’s money supply. ages grew by the decade, and the coin is authentically The new coin’s obverse portrayed a achieved what Vermeule called “the Native American. The laurel wreath on flying eagle, with a wreath of agricul- blessing of popular appeal” until the reverse was replaced with an oak tural products (corn, cotton, tobacco, it was replaced by the wreath in 1860. ) on the reverse. Both sides were in 1909. designed by U.S. Mint Chief Engraver James Longacre, though the eagle was based on an earlier image by his predecessor . The bird in flight certainly was aestheti- cally pleasing; art historian Cornelius Vermeule praised the design’s “natura- listic power and precision.” But the motif soon was abandoned: it was too difficult to impress into the hard, nickel alloy. Its replacement, the Indian Head cent, debuted in 1859. (Actually, Long- acre’s creation might more appropri- ately be called the “Indian Headgear” cent, because only the headdress is au- thentically Native American.) The lau- rel wreath on the reverse was replaced by an oak wreath in 1860, with a small shield incorporated into the design. Ironically, this symbol of national unity appeared on the eve of a sec- tional conflict that would tear the country apart.

The Civil War wreaked havoc with COIN PHOTOS: ANA ARCHIVES

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GETTING STARTED continued

sometimes is included. The Indian you a well-worn Flying Eagle, a mod- Head cent series is less extensive estly worn copper-nickel Indian or a than its 50-year lifespan suggests, be- nearly uncirculated bronze Indian. For cause, until 1908, all were made at the $100, you can purchase a modestly without a mint- worn Flying Eagle, a nearly uncircu- mark. The 1877 and the 1909-S are the lated copper-nickel Indian, or a choice, keys to the series, while copper-nickel -, uncirculated bronze Indian. pieces and Philadelphia issues after Of course, rare dates or coins in higher 1878 generally are inexpensive. condition will command higher prices. As usual, a coin’s value is heavily More details on the two series, in- determined by its state of preserva- cluding numerous photos, can tion. The amount of detail on the be found in Richard Snow’s compre- eagle’s feathers, and the legibility hensive Guide Book of Flying Eagle and prominence of LIBERTY on the and Indian Head Cents. The website

COIN PHOTOS: ANA ARCHIVES Indian’s headband are good indica- www.indianheads.org/index.html has tions of overall wear. There are dis- lots of great information and many tinctions to be made even among un- images that collectors of these coins circulated coins: those with fewer will enjoy. marks or brighter luster bring a pre- Flying Eagle and Indian Head cents mium. Coloration also affects valua- once were considered innovative and tion: bronze Indian Head cents with popular, but that time has long since original, -red color are more passed. Still, for numismatists, history Longacre’s Flying Eagle design had highly prized than red-brown or comes alive when collecting these ap- “naturalistic power and precision.” brown specimens. pealing coins. In today’s coin market, $25 will get [email protected]

130 NUMISMATIST • MAY 2007 www.money.org