In the world of coin collecting, the allure of discovering rare and valuable pieces is a constant thrill. Among these treasures, the “Indian Head” penny, minted between 1859 and 1909, stands out as a notable example. Designed by James Barton Longacre, the former chief engraver of the Philadelphia Mint, these coins can fetch impressive sums at auctions today. Depending on their condition and specific mintage details, certain specimens have been known to sell for up to $38,000, while others might go for a more modest $1,000.
The Most Valued Indian Head Pennies
1870 Indian Head Cent (Shallow N)
One of the most sought-after variations is the 1870 Indian Head Cent with a shallow “N” on the reverse. According to USA Coin Book, a specimen in very good uncirculated condition can range from $109 to $1,003. The engraving detail on the reverse is what makes this coin particularly valuable to collectors.
1871 Indian Head Cent (Shallow N)
Similar to the 1870 version, the 1871 Indian Head Cent also features a shallow “N” in the reverse script. This subtle difference significantly increases its value. In mint, uncirculated condition, this coin can be sold for anywhere between $199 and $1,000.
1860 Indian Head Cent
The 1860 Indian Head Cent is another highly prized coin in the auction market. Collectors are willing to pay up to $1,106 for this piece, making it a valuable addition to any collection.
1869 Indian Head Cent (9 Over 9)
A unique minting error makes the 1869 Indian Head Cent stand out. The last digit of the 1869 date was doubled during engraving, creating a “9 over 9” effect. This rare error has made this coin worth nearly $1,200 in today’s market.
1872 Indian Head Cent (Shallow N)
The 1872 Indian Head Cent is another example where the shallow “N” on the reverse adds significant value. Specimens from this year can be worth up to $1,300, especially when imperfections in the engraving are present.
1861 Indian Head Cent
For collectors, proof coins from 1861 are particularly valuable. A proof piece from this year can fetch up to $1,600, making it one of the more expensive examples of the Indian Head penny.
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1859 Indian Head Cent (Laurel Wreath Reverse Without Shield)
This particular 1859 Indian Head Cent is highly coveted due to a unique design feature. Unlike other coins, this piece is missing the shield that typically accompanies the laurel wreath on the reverse. Because of this rarity, it can be worth up to $1,700 in the current market.
The “Indian Head” penny is a fascinating piece of American history that continues to capture the interest of coin collectors. Whether due to unique minting errors, design variations, or simply their age, these pennies can be worth a small fortune. If you happen to come across one, it’s worth having it appraised—you might just be holding onto a valuable piece of history.