🥇 BANNER 1877 Indian Head Cent - The Big Key Date!

Silver Tree Chaser

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I found this 1877 Indian Head Cent this past Saturday morning on my second visit to a new site.

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A colonial-period house once stood at the site which offered easy short cut grass for hunting, but little was found on my first 4-5 hour search a few weeks ago. I recovered a tombac button, a musket ball, a Wheat penny, and a Buffalo nickel. Saturday’s search was offering equally dismal results consisting of a modern dime (several inches deep :BangHead:), a quarter, and a foreign coin recovered over a half-hour search, so I started working my way back to the car. I had other sites to search that morning. I was hoping for one more high-tone signal before leaving, and soon passed over just such a signal about 6” deep. I cut a plug and removed an Indian Head cent with far less corrosion in comparison to what I typically encounter. I gave the coin a light rub and was surprised with the date of 1877. I knew the key date for the Indian Head series was somewhere in the 1870’s neighborhood. “Hmmmmm, was it 1872, 1874, or 1877? Did I have the big key date? Nahhhhh! The key date is 1874. If it’s 1877, than I must be misreading the dirt-encrusted date. It’s probably 1879.”

Anyway, I found the coin about 8:00 a.m. and enjoyed considering the possibilities throughout the remainder of the day while running errands, attending to family obligations, and so forth. In the late afternoon, I finally got home and took a closer look at the coin. It was clearly dated 1877; all finished with Step One. Going to Step Two, I got out my old 2006 Red Book and scanned through the dates, “1877 – Good-4 Condition (near bottom of the grading scale = $575, Very Good-8 = $750, Fine-12 =$1000. I’m not one to overly focus on the value of finds, but there’s some pride in finding a coin that garners such prices, as it reflects the coin’s importance as the big key date of a popular coin series. I’m primarily interested in colonial-period finds – the big coppers; however, I’m also a coin collector, so finding a key date is a thrill. :hello2: I’ve dug hundreds of big coppers and Indian Head cents over the years, but I had no expectation of ever finding the 1877 key date Indian Head cent. Most of my recovered Indian Head cents are too corroded for positive dating, so I was very lucky to recover the key date coin with a tolerable amount of corrosion and a fair amount of detail. The coin is clearly a dug specimen with corrosion. It’s worth a fraction of the cost for a non-dug specimen, but I’ll take it and why not? How could I beat it? I don’t think I’ll being digging up any 1877 Indian Head cents in Mint State-Red condition, already slabbed as it comes out of the hole.

Good Hunting!
 

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Upvote 58
Congrats on a fabulous and rare find! Very few 1877 Indian Head Cents are ever found metal detecting and especially one with such great details. The coin apparently saw very little circulation before it was lost and even though it is still dirty and crusty, it appears to have at the least EF-45 details. It is hard to say where the grade would actually fall if it were graded after conservation but I doubt it would be less than a F-12 and probably not less than an F-15. While the coin needs to be conserved to hopefully remove some or all of the dirt and crustation, it is doubtful that a Grading Service would ever give it a Net grade. With the rules that the Grading Services go by, I would imagine that the label on the holder would read something like this and not specifically in that order: 1877 IHC Genuine, EF-45 details, Corroded ...
In any case and any MD'ers book, it is a great find and definitely a Banner find and will get my vote!


Frank
 

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You're on a roll lately. Guess I better dust off my machines and get back out there. Congrats on the key date and you've got my Banner vote!
 

Awesome awesome find got my vote ***BANNER***
 

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I had to vote banner on that one, it is just too good of a coin.
 

THAT IS THE ONLY ONE I NEED !!!:BangHead:

Congrats on such a fantastic find:occasion14:
 

Threshold beat me to it. I was going to give you the current Red Book value too, lol. incredible find!

Muawhaha!

My dad and I always joke how it would be nice to find another 1877 lying around lol.
 

That's incredible chaser ! One we all hope to find ! With a bonus for you finding one in such good condition ! Big congrats ! MaineRelic
 

Great find. I've looked through hundreds of rolls of Indians and never found a 77 in them. I've had to pay top dollar for all of them that I have owned, certainly never found one MDing. You've got my vote for banner!
Good luck & HH
 

Very nice indeed. I vote banner for sure.
 

Finding that would make my YEAR! Congrats!! That is worth at least $700 -$900!

On Sunday I pulled out a wheat cent at a colonial location, that was most likely dropped by hunters, at first I thought it was a 1922 no "D", and I celebrated, then I look closer and see it's a 1923 :sadsmiley:. It was part of a two wheat cent coin spill, I could never get the date off of the other wheat cent.

A week ago I found an Indian, and the whole time I was hoping it to be a 1877, it turned out to be an 1864, it's still a great find anyways.

I hope to see to see this on top of the page, you got my vote!
 

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Awesome Indian Head cent!! :notworthy: The "holy grail" of indians... I got lucky earlier this year and found a nice 1872... but its certainly not the 1877... :laughing7: Congrats to you. :thumbsup:
 

Nice digs . Thanks for the pics
 

It is in great shape. Like you I would be thrilled with that coin and the date. The few I have found are in bad shape or very green. I always liked that coin one of my favorites.
Congratulations.
 

Great find! Congrats!

I've found my share of toasted green Indian Heads. A dateable Indian Head with some fairly detailed features and a modest amount corrosion is the exception not the rule in my experience. So to find an 1877 Indian Head in exceptional condition is quite a surprise.
 

Congrats on your great find! Nothing like finding the KEY date of a series- any series! Yours is in amazing shape. Maybe a 1909-S VDB is next! Good luck and continued success!

-- Jeff --
 

You're on a roll lately. Guess I better dust off my machines and get back out there. Congrats on the key date and you've got my Banner vote!

Oxbowbarefoot - Good to hear from you. No need to dust of your machines yet, as you're likely resting up for harvest time in the fall to get out to those amazing fields that you were worked last year. I'm looking forward to your future posts.
 

Outstanding find! Congratulations! Banner vote is going in. It's just too rare of a find to have it disappear in thousands of posts without some form of recognition
 

Awesome find. The BIG one of the small cents.
I do believe you have enough votes, and it will be "up there"

Congrats.
After 30 years or so of serious MDing, it amazes me what is still out there.
 

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