The value of a 1901 Indian Head penny depends on its condition and any potential errors or varieties.
- In “good” condition (heavily worn, but major features visible in outline form), a 1901 Indian Head penny is worth approximately $2.
- “Fine” condition (moderate wear, but significant details present) can fetch around $4.50.
- An “extremely fine” condition (light wear on high points, most details sharp) coin may be valued at $10.
- An “uncirculated” 1901 Indian Head penny, meaning it’s never been used in circulation and retains its original luster and details, is worth approximately $20.
- Higher uncirculated grades, such as those assigned by professional grading services like NGC (Numismatic Guaranty Company) and PCGS (Professional Coin Grading Service), can drastically increase the value. For example, a coin in Mint State (MS) 66 condition with a “brown” (BN) color designation can be worth around $400.
- The highest grades, like MS67 with a “red” (RD) color designation, can command thousands of dollars, with one valued at $8,000 in August 2023.
- Proof coins, specially minted for collectors with polished surfaces and frosted details, are rarer and more valuable. A Proof 66 coin with a “Cameo” (CAM) designation was valued at around $12,500 in August 2023.
- Error coins, such as those with broad strikes, curved clips, or double strikes, can also be quite valuable. For example, even a low-grade broad-struck coin can be worth $50.
Note: Coin grading can be complex and subjective, even among experts. If you believe you have a valuable 1901 Indian Head penny, especially one in a high grade or with a potential error, it’s recommended to consult with a reputable coin dealer or consider sending it to a professional grading service for evaluation.
Is a 1901 penny rare?
This 1901 American Indian Head Penny is a rare find for any coin collector. With its full date and beautiful design, this 124-year-old coin is a great addition to any collection.
What is a 1901 Indian Head penny?
The 1901 penny’s obverse depicts Liberty in a Native American headdress. The reverse of the coin features an oak wreath and shield. This classic coin was issued the year 25th U.S. President William McKinley was assassinated and Theodore Roosevelt became the 26th president.