Value of Indian Head Pennies
Value of Indian Head Pennies
For most of us, the Lincoln Penny is all we’ve known. Probably because it’s been 103 years since the last Indian Head Penny was minted. Due to their age and rarity, these One Cent Coins are very valuable and highly collected. If you've never seen one of these pennies in person, don't feel left out. The vast majority of these coins are tucked tightly away in collections or in huge hoardings. You'd think that with billions upon billions of produced pennies that some might still remain in circulation, but the truth of the matter is that they've been stripped long ago from circulation. Luckily, we have grandparents or an elderly person in our lives that might just have a couple sitting around. Continue reading to discover the history and value of Indian Head Pennies.
History of the Indian Head Penny:
- As a replacement for the Flying Eagle Cent, the Indian Head Penn began production for circulation in 1859. The Wreath with no shield is shown as the reverse and is unique to Indian Head Pennies minted in 1859. Starting in 1860, a shield of the Union was added to the reverse and remained for the rest of the mintage years.
- The Indian Head Penny was designed by James B. Longrace. His initials did not initially appear on the minted pennies, but was later added in 1865. Contrary to the name, the portrait on the Indian Head Penny is not even an Indian. It really is a depiction of Lady Liberty wearing a Native headdress.
- From 1859-1864, the Penny was minted using a Copper/Nickel clad, until the composition was changed to bronze in 1865.
- Weight – 4.67 Grams
- Metal Composition – 88% Copper, 12% Nickel
- Weight – 3.11 Grams
- Metal Composition – 95% Copper, 5% Tin and Zinc
Value of Indian Head Cents:
If you’re lucky enough to have some Indian Head Pennies laying around, you’ll be happy to hear that they’re at least worth 200% of their face value. That’s right, even non-key date Indian Head Pennies in rough condition are worth at least $2. I won’t cover the value of every Indian Head, but I will cover key dates and high value pennies from the Indian Head mintage.
Key Date Indian Head Pennies:
- 1877 – Valued at $650-4,000+
- 1909S – Valued at $300-1,000+
- 1908S – Valued at $75-400+
Semi Key Dates:
- 1866 – Valued at $60-375
- 1867 – Valued at $70-400
- 1868 – Valued at $50-300
- 1869 – Valued at $70-500+
- 1870 – Valued at $60-500+
- 1871 – Valued at $70-500+
- 1872 – Valued at $90-900+
- 1876 – Valued at $40-300+
- 1878 – Valued at $40-300
Valuable Error Indian Head Pennies:
- 1869 – 9 over 9 Error. Valued at $150-800+
- 1873 – Doubled LIBERTY. Valued at $300-10,000+
- 1888 – 8 over 7 Error. Valued at $1,000-25,000+
- 1894 – Doubled Date. Valued at $40-100+
That pretty much sums up my article on the Value of Indian Head Pennies. I appreciate you stopping by to read. I should just say on a final note, that most Indian Head Pennies are worth much more than their face value. If you do have some Indian Head Pennies and they're not on the list of valuable ones, don't get rid of them. They're probably still worth something! If you're still interested in more American Coin Denominations, please feel free to read through my other coin articles posted below. Thanks again and happy collecting!
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