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Indian Head Cent 1865 G-VG

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  • Product ID: 3314
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  • Description:
    Many changes were brought to the country in the year 1865. By February of that year, every Southern port was occupied by Union forces. In March, General Lee requested a parlay, to which President Lincoln refused. At Appomattox, General Lee surrendered his army to Ulysses Grant, thus bringing an end to the Civil War. In less than a month, John Wilkes Booth assassinated President Lincoln at Ford's Theater. Vice President Johnson took over the White House to oversee the reconstruction of the South. In terms of economy, before the war’s end, a $100 Confederate note was worth under $2 in gold, while it’s Northern counterpart was worth roughly $50 in gold. The year 1865 brought many changes to the United States. Many changes also took place in the nation’s currency. Many fractional notes and fractional coins were circulated at the same time. The US Mint created the three cent nickel in attempts to get more fractional notes out of circulation. To assist this policy, the US Mint created over 35,000,000 Indian Head cents this year to get fractional paper money out of circulation. Because of this, the 1865 Indian Head cent is one of the most widely available cents from the 1860’s. There are two major varieties this year: the fancy 5 and plain 5 (in 1865). The fancy 5 has a banana shaped top while the plain 5 is aptly named. There are plain 5 varieties that are very popular. Most popular of which is a repunched date where a 1 can be seen under the 8. The fancy 5 has a strong double die on the reverse variety. This is very popular among collectors of Indian Head cents and is often overlooked because it is on the reverse.
  • Details:
    • Denomination: Cent
    • Year: 1865
    • Diameter: 19mm
    • Mint Mark: N/A
    • Thickness: 1.5mm
    • Grade: Ungraded

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