The value of an 1863 Indian Head penny can vary significantly depending on its condition (grade) and whether it has any errors or special features.
Here’s a general overview of the value based on different conditions:
- Circulated Condition (Good to Extremely Fine):
– According to NGC, a circulated 1863 Indian Head penny is worth between $12.50 and $170.
– [JM Bullion] also states that a penny in “Good” condition is worth about $10, and in “Extremely Fine” condition, it can be worth $50.
- Uncirculated Condition:
– A pristine, uncirculated 1863 penny can be worth up to $12,500.
– [PriceCharting] lists a range of values for different levels of uncirculated coins:
– MS62: $238.50
– MS64: $492.00
– MS66: $3,799.14
- Proof Coins:
– 460 proof 1863 pennies were minted, and these are valued at around $3,100.
Factors that can increase value:
- Higher Grade: Coins in better condition (less wear and tear) are more valuable.
- Errors: For example, a “split planchet” error could significantly increase the value, even on a lower-grade coin.
- Special Features: The “Slender 3” variety, where the number 3 in the date is thin and elongated, is particularly rare and one sold for $19,000 in 2009.
Note: The 1863 Indian Head penny was made with a copper-nickel alloy, giving it a whiter appearance than the later bronze pennies. It’s also the most common of the copper-nickel Indian Head pennies, which contributes to lower prices for lower-grade examples.
Which American 1 cent coins are valuable?
From my experience, 1943-D Lincoln Bronze Wheat Penny — $2.3 million. …
1944-S Steel Wheat Penny — $1.1 million. …
1793 Strawberry Leaf Cent — $862,500. …
1943-S Lincoln Cent Struck on Bronze — $282,000. …
1909 VDB Matte Proof Lincoln Penny — $258,000. …
1958 Doubled Die Obverse Cent — $224,831. …
1856 Flying Eagle Cent — $172,500.
How much does a 1863 Indian Head Penny weigh?
This beautiful coin features the stunning design by James Barton Longacre and has a plain edge, with a diameter of 19.00 millimeters and a weight of 4.70 grams. With a mintage of 49,840,000, this historic coin was minted in Philadelphia and is composed of 88% copper and 12% nickel.
How can you tell if an Indian Head Penny is valuable?
An Indian Head Penny’s worth depends on its age and appearance. The better its condition, the greater the price. A rare Indian Head Penny that’s uncirculated is worth more than a circulated one with prominent wear marks.