The value of a 1906 Indian Head Cent varies greatly depending on its condition, also known as its grade.
- Good (G-4): $1.50 – $2.00
- Fine (F-12): $3.00 – $4.00
- Very Fine (VF-20): $4.00 – $5.00
- Extremely Fine (EF-40): $8.00 – $15.00
- About Uncirculated (AU-50): $18.00 – $22.00
- Mint State (MS-60): $35.00 – $80.00
- Mint State (MS-65): $120.00 – $500.00+
- Mint State (MS-67): $15,000 – $23,500+
- Condition (Grade): A coin’s condition is the most important factor in determining its value. Coins are graded on a scale of 1 to 70 (Sheldon Scale), with higher numbers representing better preservation. Worn, circulated coins are significantly less valuable than those in uncirculated condition.
- Color: For uncirculated coins, the amount of original red luster remaining influences the value. Coins with full red color (RD ) are the most desirable, followed by red-brown (RB ) and then brown (BN).
- Minting Errors: While mass-produced, some 1906 Indian Head cents have minting errors or die varieties that can substantially increase their value. Some common errors include:
– Die Cracks and Cuds: Fractures or pieces broken off the die, leaving raised lines or blobs on the coin. Values range from $10 for small cracks to $200+ for full die cuds.
– Off-Center Strikes: The coin blank is misaligned, resulting in a partially missing design. Values depend on the severity and whether the date is visible, ranging from $5 to $300+.
– Double Strikes: The coin is struck more than once. Significant shifts can make the coin worth $200 – $600+.
– Repunched Date (RPD): The date is punched multiple times, causing doubling or misalignment. Values can be $15 to $300+.
- Certification: Coins graded and certified by reputable third-party grading services like PCGS or NGC often fetch higher prices. This is because certification guarantees authenticity and provides a consistent standard for grading.
Note: A 1906 Indian Head penny is not considered a key date or a particularly rare coin in general circulated condition. Proof versions of the 1906 Indian Head cent, however, are significantly rarer and can be worth over $1,200.
How much is a 1906 old penny worth?
From my experience, £65.00. £58.00.
Which one cent coins are rare?
Thanks for asking. 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 is the mintage of a 1906 Indian head penny?
Thanks for asking. 1906-P – INDIAN HEAD PENNY / CENT – 96.9 MILLION MINTAGE – SEE PICS.