1892 Indian Head Cent

The mintage of cents fell a bit in 1892, as Mint Director Edward Leach sensed collusion between the Mint's vendors to fix prices for planchets at a higher level. The Philadlephia Mint simply used whatever planchets remained from previous purchases, and it supplemented this supply with planchets of its own manufacture produced by melting worn cents and obsolete two-cent pieces.

Though cents of this date typically are well struck, the example illustrated is an obvious exception. Yes, it displays terrific luster, but the date, the wreath ribbon and some of the lettering are quite indistinct. Collectors need to weigh all factors when selecting an example for their sets.