Old Indian Head Pennies: What Are They Worth?

1908-indian-head-penny-by-sr-smashy.jpg Many readers are curious about the value of their Indian Head pennies.

Indian Head pennies were struck from 1859 through 1909 and designed by James Longacre. They were circulated for many years after the last ones were struck.

Through the years, lots of people hung onto their Indian Head pennies, storing them away in drawers, boxes, and trunks. These days, millions of Indian Head pennies can be found in old estates, and many people receive Indian Head pennies as family heirlooms which are passed on down through the generations.

To help answer your questions, here’s a little about the value of Indian Head pennies…

 

Indian Head Penny Values

Indian Head pennies were struck by the hundreds of millions. Therefore, as a coin series, they are not rare.

In fact, many dates in the Indian Head penny series are worth less than $3 to $5 in typical, circulated condition.

Prices increase upwards of $35 to $50 and up for uncirculated examples of Indian Head pennies in that same range of dates.

Most Indian Head pennies struck during the 1880s on through the early 1900s are, in fact, the most commonly encountered Indian Head pennies.

Of course, as is the case with any coin series, there are scarce dates of Indian Head pennies worth keeping an eye open for. These scarce dates range from values of $25 and $50 on up through the hundreds of dollars.

 

Rare Indian Head Pennies Worth Collecting

So, which are the scarce Indian Head pennies you should be on the lookout for?

Consider these:

  • 1864 “L” on Ribbon: $50 to $685 in Good to Mint-State 63
  • 1866: $48 to $475 in Good to Mint-State 63
  • 1867: $48 to $425 in Good to Mint-State 63
  • 1868: $35 to $420 in Good to Mint-State 63
  • 1869: $82 to $1,300 in Good to Mint-State 63
  • 1870: $60 to $800 in Good to Mint-State 63
  • 1871: $82 to $900 in Good to Mint-State 63
  • 1872: $90 to $950 in Good to Mint-State 63
  • 1873 Double Liberty: $625 to $10,000 in Good to Mint-State 63
  • 1877: $950 to $5,250 in Good to Mint-State 63
  • 1878: $25 to $475 in Good to Mint-State 63
  • 1888 Over 7: $2,650 to $85,000 in Good to Mint-State 63
  • 1894 Doubled Date: $55 to $650 in Good to Mint-State 63
  • 1908-S: $55 to $525 in Good to Mint-State 63
  • 1909-S: $465 to $1,350 in Good to Mint-State 63

As you can see, there are several Indian Head pennies that are indeed worth a “pretty penny.” However, these dates are also among the most scarce in the Indian Head penny series!

For that reason, you should always double-check the date of any Indian Head penny you happen upon — to see if you have one of the rare dates.

 

Common-Date Indian Head Penny Values

Now, you may be wondering what your Indian Head penny is worth if it is not one of the scarcest specimens mentioned above.

What is your Indian Head penny worth, if dated from the 1880s through the 1900s, and it’s not well-worn?

1860-Indian-Head-Penny.jpg

Consider these:

  • 1859: $15 to $700 in Good to Mint-State 63
  • 1860: $11 to $375 in Good to Mint-State 63
  • 1861: $20 to $300 in Good to Mint-State 63
  • 1862: $11 to $265 in Good to Mint-State 63
  • 1863: $11 to $265 in Good to Mint-State 63
  • 1864 Copper-nickel (thicker and lighter in color than most copper cents made after this date): $18 to $350 in Good to Mint-State 63
  • 1864 Copper: $11 to $220 in Good to Mint-State 63
  • 1865: $9 to $150 in Good to Mint-State 63
  • 1873 Open 3: $20 to $310 in Good to Mint-State 63
  • 1873 Closed 3: $30 to $635 in Good to Mint-State 63
  • 1876: $25 to $475 in Good to Mint-State 63

All other regular issue dates not already mentioned are worth between $3 to $75 (low range of Good up to Mint-State 60-63).

See the latest prices for Indian Head cents.

Joshua McMorrow-Hernandez

My love for coins and numismatics began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I've also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, and living green with others.

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