The value of an 1887 Indian Head penny can vary significantly depending on its condition (grade), but here’s a general overview:
- In “Good” condition, an 1887 Indian Head penny is worth approximately $3.
- In “Fine” condition, the value rises slightly to $5.
- In “Extremely Fine” condition, it can be worth around $18.
- An “Uncirculated” 1887 Indian Head penny can be valued at approximately $28.
- You can also find more detailed average buy and sell prices for different circulated and uncirculated grades from resources like [The Spruce Crafts].
The value of an 1887 Indian Head penny is influenced by several factors:
- Rarity: While not considered rare, 1887 Indian Head pennies with specific characteristics can command higher prices.
- Condition (Grade): Coins in better condition are more valuable. This includes factors like wear, luster, and overall appearance.
- Errors: Minting errors, such as double strikes, off-center strikes, or doubled die obverses, can significantly increase a coin’s value.
- Historical significance: Coins tied to important events or eras tend to hold greater value.
- Demand: Market interest and collector popularity can also influence the price of a coin.
- Online marketplaces like [eBay] have active listings for 1887 Indian Head pennies.
- Coin dealers and auction houses can provide appraisals and facilitate the sale of your coin. You can also find resources like [Coinappraiser.com] to help you determine value and find potential buyers.
Note: Prices mentioned in the search results are subject to change and should be considered as estimates. For the most accurate valuation, consider consulting a professional coin appraiser or reputable coin dealer.
Which American 1 cent coins are valuable?
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.
What year of Indian Head Penny is the rarest?
Good point! The most valuable Indian Head Penny is the one that has a date of 1877. Nevertheless, they’re all valuable in their own right and any collector would be lucky to have one.