Rare coins news – 1872 Indian Head Penny sells for $126,500 due to unique bright red-copper color

AN INCREDIBLY rare coin has fetched a pretty penny at auction. A scarce 1872 Indian Head penny was sold at auction for a staggering $126,500, according to Spruce Crafts. The rare coin, which was one of 4 million made, is so rare because “few people were able to save coins for their collections” at the time, due to financial hardships of the time, according to the website. As a result, most went into circulation and are not in the exception condition required to be sold for a huge sum. It comes after a Lincoln penny minted in 1992 was sold… Read Full Article