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Florence Gold and Silver Exchange of Florence, Co is pleased to present:

-- 1893 Indian Head Cent ~ 1¢

Philadelphia Mint
The Indian Head cent, also known as an Indian Head penny, was a one-cent coin produced by the United States Bureau of the Mint from 1859 to 1909. It was designed by James Barton Longacre, the Chief Engraver at the Philadelphia Mint.
$0.01 in 1893 is equivalent in purchasing power to about $0.35 today, an increase of $0.34 over 130 years.
In 1893, it cost about 14 cents a pound to bring home the bacon. Today, the price of bacon depends on the ingredients and how fancy it is, but it can cost about $5 or more.
An 1893 Indian Cent could be exchanged for special treats like a broad selection of sugary penny-candies, such as bubble gum, licorice, jaw breakers, peppermint sticks, taffy or lollipops.
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