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Inventory:
Available
- Product ID: 3336
The railroad industry would be the first private industry ever regulated by the United States government. In 1887, Congress created the Interstate Commerce Commission. In a similar act, Congress required reasonable and just rate changes. This would be the first of many times the United States Congress would regulate different industries. Later that year, voters in Argonia, Kansas would vote in America’s first female mayor, Susanna Salter. Her nomination to run was meant to embarrass suffragists who had only recently earned the right to vote in local elections. The plan apparently backfired. The sculptor Augustus Saint-Gaudens created a statue of the late Abraham Lincoln for Lincoln Park, Chicago. This name would later become famous to all coin collectors for his $20 namesake.
The US Mint began issuing pennies back at their standard high rate. The year 1887 would see over 45,000,000 Indian Head cents minted. Although this year’s cent circulated widely and for decades, this year appears to have survived in medium and better grades than years prior. This could be due to the much higher mintage figure. Unlike that of the 1886 Indian Head cent, this year did not have a major variety. As the 1886 Indian Head cent was a transitional year into the new obverse of 1887.
For those collecting proof issues of the 1887 Indian Head cent, the mintage decreased slightly this year. Although this does not make the date too much harder to find, it is, however, a more difficult year to find in full red. This issue of the Indian Head cent does have a very popular variety. The Snow-1 is a double die obverse and one of the top 10 varieties of the entire series. The doubling is bold and apparent in the word “America†and the center of Liberty’s feathers. If you have any questions regarding the Indian Head Cent or varieties, please contact any of our knowledgeable staff at 800-735-1311, and we’ll be happy to assist you!