With a mintage of only 852,000 coins, the 1877 Indian head penny is one of the scarcest in the series and is the Granddaddy of Indian head penny key dates. It is ironic though that the lowest mintage amongst the Indian head penny key dates belongs to the 1909 S Indian head penny, but the 1877 Indian head penny is the most expensive.

The rarity of the 1877 Indian head penny is due to the poor economic outlook in the United States during the 1870's and the Mint Act Of 1871. This act authorized the mint to redeem all coins previously minted in copper or nickel alloy and reissue the cents. At first they were melted and re-minted but beginning in 1874, it was decided that the redeemed cents were just as easily returned to circulation rather than melting them and re-minting them.

This had a huge impact on the mintage of new coins during the 1870's, and nearly 10,000,000 previously minted cents were reissued in 1877, making the need for a large 1877 Indian head penny mintage low. The 852,000 number seems high given that there is only one reverse die known in the 1877 year, which has a shallow "N" like the 1872 year. The average die life for pennies during this time is only 150,000 to 250,000 coins, and this one reverse die would have been smashed to pieces long before 852,000 coins were minted.

It is much more likely that the 1877 Indian head penny had a mintage closer to 200,000 coins, and combined with the nearly 10 million redeemed cents for the year, the 1877 Indian head penny was a scarce coin from the moment it was released. It is likely that many were melted or destroyed further limiting the availability of an already scarce date. These coins were not saved as a general rule, leaving many well circulated examples and relatively few higher grade or uncirculated examples.

Counterfeits of the 1877 Indian Head Penny:

Because of its high value the 1877 Indian head penny is a highly counterfeited coin. The most common way to counterfeit an 1877 Indian head penny is to alter the date of an 1875 or 1879 Indian head penny. Because of the fact that ALL circulation strikes of the  1877 Indian Head penny have the weak "N" reverse, and the 1879 and 1875 coins have the bold "N" reverse, this is an easy way to authenticate. That is not to say that any 1877 Indian head penny with a bold "N" reverse is a counterfeit, because the proof issue 1877 Indian head penny was struck with a bold "N" die. It would be possible for a circulated proof coin to be mistaken for a counterfeit. When buying an 1877 Indian head penny, it is best to stick with coins graded and authenticated by one of the well known major grading services like PCGS. This will minimize the chance of your 1877 Indian head penny being a counterfeit.

1877 Indian Head Penny Value:

G-4 $985.00 VG-8 1190.00 F-12 $1600.00 VF-20 $2050.00 XF-40 $2650.00 AU-50 $3000.00 MS-60 $3450.00 MS-65 $13,000.00

The 1877 Indian Head Penny on eBay:

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1877 INDIAN HEAD CENTFULL LIBERTYULTRA RARE NICE F VFU    US $999.99

Coin p2588 1877 Indian Head Cent CHIEF OF THE INDIAN CENTS PROBLEM FREE    US $1,200.00

Coin w181 1877 Indian Head Penny CHIEF OF THE INDIANS PROBLEM FREE    US $1,200.00

Coin w3 1877 Indian Head Penny THE KING OF THE PENNIES RARE    US $490.00

1877 Indian Head Cent ICG AU58    US $2,575.00

1877 Indian Head Penny    US $1,900.00

1877 Indian Head Penny Free Shipping Indian Head Penny Small Cent    US $200.00

1857 1909 Flying Eagle Cent Indian Head Collection 1877 1908 S 1869 9    US $845.50

1877 INDIAN HEAD CENT THE KEY COIN OF THE SERIES AU DETAILS BY NGC    US $1,080.00

1877 P INDIAN HEAD CENT VERY TOUGH KEY COIN OF THE SERIESSATISFACTION GUARANTEE    US $1,649.95

1877 INDIAN HEAD CENT SCARCE KEY DATE C1993    US $400.00

1877 Indian Head one cent really nice coin    US $405.00

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The 1860 Indian Head penny was the first in the issue to have the Federal Shield at the top of the wreath on the reverse. The 1860 Indian Head penny was also unique in the fact that it had 2 varieties within the same year, a feature that would recur more than once throughout the 50 year period that Indian Head Pennies were minted. The 1860 Indian Head Penny was minted in both a Pointed Bust and Broad Bust variety. The 1860 Indian head penny with the pointed bust is the scarcer of the 2 varieties. A total of 20,566,000 coins were minted for the year.

1860 Indian Head penny, Pointed Bust Variety

The Pointed Bust variety of the 1860 Indian Head penny was produced when as many as 10 undated dies from the 1859 Indian Head penny run of production were punched with the 1860 date and paired with the new reverse dies with the oak wreath and shield design. It is estimated that out of the total mintage for the 1860 Indian Head penny, only 1,000,000 or 1/20th of the run was the pointed bust variety.

These were not recognized as a separate design until the late 80's, so they were not saved prior to that for any reason other than the fact that they were the first year to have the oak wreath and shield reverse.  They have become better known as more and more were cherry picked from dealer inventory and carry a small premium above that of a Broad Bust 1860 Indian Head penny. Most examples will be well circulated, and examples at the optimal collecting grade of EX-40 or better are hard to locate.

Pointed Bust 1860 Indian Head Penny Value:

G-4 $20.00 VG-8 30.00 F-12 $42.00 VF-20 $60.00 XF-40 $100 AU-50 $160 MS-60 $300 MS-65 $6000

Broad Bust 1860 Indian Head Penny

The broad bust 1860 Indian head penny represents the bulk of the mintage for this year, with an estimation of 19,566,000 of the 20,566,000 being the broad bust variety. These coins saw only 2 years circulation before coin hoarding began in earnest during the Civil War. After the war many were melted in the 1870's and those that remain are either well worn coins that were never recalled from circulation or are very high grade coins that were never returned to circulation after the Civil War coin crisis. Low grade examples are plentiful and cukk or damaged coins should be avoided like the plague. there are too many nice choices available to settle for these type of coins.

Broad Bust 1860 Indian Head Penny Value:

G-4 $11.00 VG-8 15.00 F-12 $22.00 VF-20 $46.00 XF-40 $68.00 AU-50 $110.00 MS-60 $190.00 MS-65 $965.00

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1860 Indian Head Cent US Coins    US $6.60

1860 Indian Head Cent Penny FULL Liberty Great Condition 1347 C\N Copper Nickel    US $49.00

1860 INDIAN HEAD CENTSTRONG FULL LIBERTY4 DIAMONDSGEM BUU    US $164.99

RARE 1860 POINTED BUST CN Indian Cent XF    US $48.75

1860 AU50 PCGS POINTED BUST INDIAN HEAD CENT IDJ361    US $200.00

1860 2nd Year Indian Head Cent Early Rare Penny Nice    US $99.95

1860 Indian Head Cent Penny Coin    US $20.00

1860 INDIAN HEAD CENTRARE COINW    US $4.99

1860 POINTED BUST Indian Head Cent Penny XF DETAILS BUY IT NOW OR MAKE OFFER    US $67.45

1860 INDIAN HEAD CENT NICE XF FREE SHIPPING GREAT PRICE    US $64.95

1860 INDIAN HEAD CENT NICE XF FREE SHIPPING GREAT PRICE    US $56.95

1860 Copper Nickel Indian Head Oak Wreath Cent AU    US $125.00

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With a mintage of 49,840,000 coins, the 1863 Indian Head Penny has the highest mintage of any of the copper nickel variety Indian Head pennies. The Civil War had driven all silver and gold coinage into hiding as people hoarded coins, fearing the uncertainty that comes with war. The Indian Head penny was soon to follow, and the us mint spit out the 1863 Indian Head penny in record numbers.

The full extent of  the 1863 Indian Head Penny mintage was hoarded until the end of the war, when they re-entered circulation in their original condition. During the Redemption period of the 1870's, large numbers of the 1863 Indian Head penny were melted down. This year's issue was so plentiful that a great many coins remain for today's collector and many of these coins are in excellent condition due to the fact that they were hoarded at the beginning of their issue.

The optimal collecting grade for the 1863 Indian Head penny is AU-50.

There are more than enough coins in low to mid grade to go around. Choose one with good eye appeal in any grade, and avoid overly worn coins or ones with scratches or gouge marks. This coin's high mintage makes it affordable in most all grades, and also allows you to be choosy about which coin to collect. There is only about $5 in value between a G-4 Indian Head penny and one in VF-20 condition so you may want to lean towards a coin in Fine or Very Fine condition, as this grade of coin will have superior eye appeal with a full LIBERTY in the headdress.

1863 Indian Head Penny Value

G-4 $7.50 VG-8 $9.25  F-12 $11.00VF-20 $12.50 XF-40 $25.00 AU-50 $58.00 MS-60 $75.00  MS-65 $1050

1863 Indian Head Penny On eBay

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1863 Indian Head Cent US Coins    US $6.60

ESTATE PENNY ROLL 1863 CIVIL WAR TOKEN 1901 FL INDIAN HEAD PENNY SHOWING 429    US $30.30

Coin L371 1863 Indian Head 1c Cent NICE OLD CENT    US $13.00

Coin L380 1863 Indian Head 1c Cent DIAMONDS VISIBLE NOT CLEANED OLD    US $55.00

Coin L400 1863 Indian Head 1c Cent ALMOST 150 YEARS OLD    US $11.00

Coin L437 1863 Indian Head 1c Cent    US $7.00

Coin L446 1863 Indian Head 1c Cent    US $16.00

1863 INDIAN HEAD CENTRARE COINW    US $4.99

Coin p1209 1863 Indian Head Cent    US $10.00

1863 Indian Head Cent Coin    US $24.99

1863 Indian Head Cent Gem BU Mint State Toned Free Shipping    US $72.00

1863 Copper Nickel Civil War Indian Head Penny with protective case    US $25.00

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The 1902 Indian Head penny had a mintage of 87,374,704 coins, a record year of production at the time. Like the 1907 Indian Head Penny, it is very common in average circulated condition due to the high mintage.   The fact that the 1902 Indian Head penny circulated well into the 1940's also adds to the number of well circulated coins.

Collectors Notes For The 1902 Indian Head Penny:

Because the 1902 Indian Head penny has such a large volume of average circulated coins, be sure to pick one with great eye appeal and no damage. The difference in price between a 1902 Indian Head Penny in Good or Very Good grade and one in Fine to Very fine grade will be minimal, and the eye appeal of a higher grade circulated 1902 Indian Head Penny will be worth the few extra dollars you spend when it comes time to sell your collection.

In Extremely Fine or About Uncirculated Condition, this is still a very affordable coin, and the full LIBERTY and strong detail of coin of this grade is unbelievable compared to the well circulated, slicked down coins that are much more common. Take care that higher grade coins are not cleaned, uncleaned coins will likely have a chocolate brown patina or show traces of red mint luster. Cleaned coins will be bright, and may show a grainy finish from the chemicals used to clean them.

1902 Indian Head penny Value:

G-4 $1.85 VG-8 $2.20  F-12 $2.50 VF-20 $4.00 XF-40 $10.00AU-50 $202.00 MS-60 $28.00  MS-65 $165

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1902 Full Liberty 4 Diamonds Indian Head Cent    US $2.52

Coin L112 1902 Indian Head 1c Cent    US $2.00

Coin L134 1902 Indian Head 1c Cent    US $2.00

Coin L136 1902 Indian Head 1c Cent    US $1.85

Coin L150 1902 Indian Head 1c Cent    US $2.00

Coin L160 1902 Indian Head 1c Cent    US $2.00

Coin L182 1902 Indian Head 1c Cent    US $2.25

Coin L184 1902 Indian Head 1c Cent    US $1.85

Coin L191 1902 Indian Head 1c Cent PARTIAL LIBERTY    US $2.75

Coin L213 1902 Indian Head 1c Cent    US $.49

Coin L232 1902 Indian Head 1c Cent    US $1.85

Nice Luster1902UNC Indian Cent4 Diamonds    US $9.95

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Director of the US Mint James Snowden felt that the design of the Flying Eagle Penny caused it to strike poorly and wanted a replacement. The Indian Head design was found to strike better, with none of the metal flow problems that were experienced with the flying eagle design.

The 1859 Indian Head Penny was designed by mint engraver James Longacre and has the same 88% copper 12% nickel composition as the Flying Eagle Penny. But the 1859 Indian Head Penny is different than the rest of the series. This is the only date in the Indian Head Penny series not to have the shield on the reverse. It also has a laurel wreath on the reverse, and is the only date not to have the oak wreath with arrows.

The US Mint struck 36,400,000 examples of the 1859 Indian Head Penny, the most ever for a small cent (or any other coin) up till that point. In the copper nickel examples of the Indian head penny, only the 1863 year has a higher mintage. The copper nickel coins are also much thicker than the bronze examples that began in 1864.

The 1859 Indian Head Penny saw only 3 years of circulation before being hoarded with other coinage due to the Civil War.

Many were withdrawn  from circulation and melted in the 1870s. Those remaining are plentiful in grades of Very Fine and lower, and in Mint State as well, but carry a premium because of their popularity as a first year of issue.

1859 Indian Head Penny Value:

G-4 $13.00 VG-8 16.00 F-12 $22.50 VF-20 $48XF-40 $100 AU-50 $175 MS-60 $230 MS-65 $3650

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1859 Indian Head Cent US Coins    US $6.60

Coin L361 1859 Indian Head 1c Cent 153 YEARS OLD FIRST OF THE SERIES    US $11.00

Coin L404 1859 Indian Head 1c Cent    US $11.00

Very nice 1859 Indian Head Cent first year    US $12.99

Coin L453 1859 Indian Head 1c Cent    US $15.00

Coin p1859 1871 Indian Head Cent    US $85.00

Coin w1028 1859 Indian Head 1c Cent    US $10.00

Coin w1033 1859 Indian Head 1c Cent    US $10.00

1859 INDIAN HEAD PENNY    US $1.50

Coin w1153 1859 Indian Head 1c Cent FULL LIBERTY RARE OLD 1C PIECE    US $24.00

1859 Indian Cent Coin    US $33.00

Coin w148 1859 Indian Head Penny LIBERTY    US $33.00

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Until 1908 all US pennies were issued from the Philadelphia Mint. The S stands for the San Francisco branch of the mint.

The 1908 S Indian head penny has the third lowest mintage of the series at just 1,115,000 coins, making it one of the key dates of the series. The 1908 S Indian head penny is one of only two coins in the Indian Cent series to have a mint mark. The other is the 1909 S Indian Head Penny.

The mint mark is located just right of center under the bow on the reverse of the coin.

Prior to the 1906 San Francisco earthquake, gold and silver coins were the only ones in circulation and transactions were rounded to the nearest nickel. The use of the cent on the West Coast was needed to allow for smaller incremental price changes and to pay the small amounts a new sales tax required. It also allowed for street car fare to be raised from 5 to 6 cents a trip.

The 1908 S Indian head penny would fill the void needed to allow for the streetcar fare increase from 5 to 6 cents.

The entire mintage of the 1908 S Indian head penny was delivered on February 27 1908. The coin was a novelty to the local population who were not accustomed to penny coinage, and this date circulated widely at the outset. After the Lincoln Cent replaced the Indian head penny in 1909, these coins were selectively removed from circulation.

When choosing a 1908 S Indian head penny for purchase keep in mind that the values for a G-4 or VG-8 coin are not much less than a coin in F-12 or VF-20 condition. The latter two coins will have a full LIBERTY in the headdress and will be much more attractive than the more worn lower grade coins. The value ranges from $77 in G-4 to$285 in MS-60 with higher grade uncirculated coins going as high as $2650. Bright red uncirculated coins will command higher prices than their brown or red brown counterparts.

1908 S Indian Head Penny Values:

G-4 $77   VG-8 $82  F-12 $105  VF-20 $122  XF-40 $166  AU-50 $195  MS-60 $285  MS-65 $2650

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RARE 1908 S INDIAN HEAD CENT PENNY KEY DATE    US $59.99

Coin w1042 1908 S Indian Head 1c Cent KEY DATE GREAT CONDITION    US $135.00

INDIAN HEAD PENNYS 9 US COINS 1900 1908 ANTIQUE COINS MONEY OLD COINS LOOK    US $5.00

1908 S INDIAN HEAD SMALL CENT IDK728 NO RESERVE    US $15.50

1908 S XF INDIAN HEAD SMALL CENT IDK743 NO RESERVE    US $76.99

1908 INDIAN HEAD BRONZE CENT FINE DETAILS NICE COIN SH Combines 8486    US $.50

1908 S Indian Head Cent VF    US $127.00

1908 S Indian Head Cent Penny Very Good to Fine Condition    US $45.00

2 PITTED BEAT 1908 S INDIAN CENT SEMI KEY    US $33.00

1908 S IH END UNSEARCHED AU ENDS ON THIS IH WHEAT PENNY ROLL CENT COINS    US $27.00

1908 S Indian Head Small One Cent 1c Penny Coin San Francisco Key Date    US $72.13

1857 1909 Flying Eagle Cent Indian Head Collection 1877 1908 S 1869 9    US $845.50

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At the time the 1907 Indian head penny mintage was the highest level of output ever at the US Mint.

The 1907 Indian head penny circulated widely and average well circulated examples of this coin are very common.

Because of the large volume of coins minted, the price difference between a well circulated coin1907 Indian head penny and one in Fine or Very Fine condition is minimal. The eye appeal of the higher graded coins, however, will be much better. A 1907 Indian head penny in Fine or Very Fine condition will have a full LIBERTY in the headdress and a lot more detail than one in Good or Very Good condition. A 1907 Indian head penny in Fine or Very Fine only cost a couple of dollars more than their well worn counterparts. Spending some time and a little more money will result in a much nicer coin for your collection.

1907 Indian Head Penny Value:

G-4 $1.75 VG-8 $2.20  F-12 $2.50 VF-20 $3.50 XF-40 $8.50 AU-50 $20.00 MS-60 $28.00 MS-63 $55 MS-64 $100-$200 MS-65 $165

When it comes to the higher grade 1907 Indian head penny, those with red mint luster will command higher prices than the chocolate or brown colored coins. Bright red uncirculated coins will command the highest prices.

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Indian Head Lot 1907 x 5    US $1.25

1907 Indian Head Cent Solid VG Coin Low Bid No Real Problem    US $.99

Coin L1 1907 Indian Head 1c Cent PARTIAL LIBERTY    US $4.00

Coin L106 1907 Indian Head 1c Cent    US $1.85

Coin L138 1907 Indian Head 1c Cent FULL LIBERTY DIAMONDS VISIBLE    US $8.00

Coin L194 1907 Indian Head 1c Cent LIBERTY VISIBLE    US $5.00

Coin L195 1907 Indian Head 1c Cent LIBERTY VISIBLE    US $5.00

Coin L196 1907 Indian Head 1c Cent PARTIAL LIBERTY    US $3.50

Coin L209 1907 Indian Head 1c Cent PARTIAL LIBERTY    US $2.50

Coin L210 1907 Indian Head 1c Cent PARTIAL LIBERTY    US $4.00

Coin L251 1907 Indian Head 1c Cent DIAMONDS VISIBLE FULL LIBERTY VISIBLE    US $10.00

Coin L266 1907 Indian Head 1c Cent LIBERTY SHOWING RARE    US $5.00

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They are popular with amateur collectors and experienced numismatists alike. They can be collected on nearly any budget and a complete set is not outside the reach of most collectors if you create a plan to pay for the rarer key dates.

Indian Head Pennies were in circulation during the Civil War and were freely spent in the Old West. When you hold an Indian Head Penny in your hand, your mind can race with thoughts of what famous person may have spent it and what kinds of items it purchased.

Indian head pennies were minted from 1859 to 1909 and come in two distinct varieties.

Indian Head pennies minted from 1859 to the beginning of 1864 were made of 88% copper and 12% nickel. These copper nickel Indian Head pennies are thicker and heavier than the bronze types to come later on. They were designed to contain a full 1/100 of a dollar's worth of copper. In the younger years of our Nation, coinage was designed to have REAL value and people did not trust paper money because it had no real value.  People often hoarded coins to the point where there was an extreme shortage of coins during The Civil War.

The 1859 Indian Penny has no shield at the top of the reverse on the coin. This is the only date in the series not to have the shield.

Because of the difficulty in minting the copper nickel pennies, in the middle of 1864 the composition of Indian Head Pennies was changed to 95% copper and 5% tin/zinc. These bronze Indian Head Pennies were quite a thinner than their copper nickel counterparts, but the higher percentage of copper meant that citizens were still receiving a coin containing 1/100 of a dollar's worth of copper. The composition remained bronze until the series was discontinued in 1909.

All Indian Head Pennies minted prior to 1908 were struck in the Philadelphia Mint.

A small number of 1908 and 1909 Indian cents were minted at the San Francisco Mint. These 2 dates are the only ones in the series to bear a mint mark, and the 1908 S and 1909 S Indian Head Pennies are two of the scarcer key dates in the series.

The other main key date of the series is the 1877 Indian head penny. Only 852,000 specimens were struck and and in G-4 condition books for $985 or more. Many of the dates from the late 1860's and 1870's have low mintages and comprise the semi keys of the series.  Average circulated bronze Indian head Pennies cost between 2 and 7 dollars a piece and the copper nickel ones average $10-$20 a piece. Coins in better condition sell much higher and many uncirculated Indian Head Pennies sell for hundreds of dollars or more.

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Indian Head Lot 1907 x 5    US $1.25

Indian Head Lot 1905 x 6    US $2.25

Indian Head Lot 18981899 x 2    US $3.24

Indian Head Lot 1887 x 3    US $1.41

US USA INDIAN HEAD PENNY VINTAGE ANTIQUE 1896 NICE OLD COIN FREE US SHIPPING    US $1.00

1881 Indian Head Cent VF Coin Nice for better condition set Slight Recut    US $3.88

1859 Indian Head Cent US Coins    US $6.60

1909 INDIAN HEAD CENT COIN ORIGINAL BROWN GREAT COIN SEE PHOTOS    US $14.00

1860 Indian Head Cent US Coins    US $6.60

1862 Indian Head Cent US Coins    US $6.60

1863 Indian Head Cent US Coins    US $6.60

1882 Indian Head Cent Circulated Coin Low Bid No Real Problem    US $.99

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eBay is a great source for buying Indian Head Pennies

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