The coins continued to be produced into the begin of the twentieth century, and they ’ re keenly collected. That makes some versions very valuable indeed. So which coins command the highest prices – and why ?
That ’ s what we ’ rhenium going to find out ! Read on, as we search out the most valuable amerind Head Penny ever. And we ’ ll besides look at some other examples that have fetched big money .
Most Valuable Indian Head Penny
1. 1864 PCGS PR65 Snow-PR2, L on Ribbon $161,000
The most valuable indian Head Penny ever sold dates from 1864. It was examined by the Professional Coin Grading Service, or PCGS, and was rated PR65.
The PR hera stands for “ proof ” and refers to a coin that was never intended for circulation. Proof coins are particularly dear quality, and these days, they ’ ra chiefly produced for collectors. But spinal column in 1864, coin roll up was still a rare hobby, meaning proofs are harder to come by .
This coin was made towards the end of 1864. At this point, the details of the portrayal were sharpened. And an L was added to the bottom of Liberty ’ second ribbon, behind her neck. The “ L ” stood for James Longacre, the graphic designer of the prototype .
only 20 specimens of this proof coin are known to exist, and they ’ re divided into three types. This coin was type Snow-PR2, of which there are thought to be only seven in universe .
The type is identified by a straight die line beneath Liberty ’ s ear. There are besides classifiable die lines on the other slope of the coin. They sit near the boundary at around the 8 oxygen ’ clock status .
The 65 in the coin ’ south grading designates its quality. A 65 coin is above average quality, with just minor strikes or hairlines located away from the image. It was besides designated “ bolshevik and brown in color. There are alone three such coins in this color combination, and only one mint of fine quality .
This one came up for auction in October 2011. It sold for $ 161,000, including the 15 per penny buyer ’ mho premium. And it ’ s an auction read for an indian Head Penny that still stands to this day .
2. 1877 PCGS MS66 Red $146,500
This 1877 mint was graded MS66. That means it ’ s a coin in batch state, with an above average hit and a “ full mint ” shininess. It was besides designated “ red ”, meaning that it had retained most of its original copper color .
1877 was the concluding year of a Depression, and relatively few cents were minted. merely 852,500 are believed to have been made – and some experts think the measure was actually far lower .
Whatever the demand numbers, mint state survivors from 1877 are very rare indeed. The PCGS have certified merely six examples as MS66. therefore when this one came up for auction in August 2007, it attracted considerable interest .
After frantic bidding, it sold for $ 146,500, including the 15 per cent buyer ’ randomness premium .
3. 1872 PCGS MS66 Red $126,500
Most cents in 1872 were made from older coins that had been melted down. As a resultant role, the planchets – the alloy magnetic disk – were of spotty quality, and the leave coins often appeared streaked. Any good quality examples from this year, therefore, are highly collectible .
This detail coin is MS66, which means it ’ south in great condition and very attractive. It ’ second one of entirely two 1872 amerind Head Pennies graded at this level. And even more importantly, there are no know examples of a fine quality .
The coin came up for sale in August 2007. The possibility of owning a best-in-class coin saw one collector prepared to spend $ 126,500 .
4. 1899 PCGS MS68 Red $108,000
This particular mint came up for sale three times between 2003 and 2019. It dates from 1899 and is in especial condition, graded batch state – MS – 68 by the PCGS. This means it ’ s “ premium quality ” with a very chiseled strike, and no visible marks under normal magnification .
There ’ s some discrepancy between coin experts on whether one or two coins of this timbre exist. many believed this one to be the lone survivor – and it seems there were batch of bidders who agreed .
It was presented for sale in 2019, cataloged as the “ ultimate bronze indian Head penny ”. And when the hammer fell, it had achieved a monetary value of $ 108,000 .
5. 1897 PCGS PR67+ Deep Cameo $108,000
This indian Head Penny is what ’ second known as a “ deep cameo ”. That ’ s a grading awarded by independent mint certifying authorities. And it means there ’ south rich “ frosting ” on the raised parts of the design. That contrasts with reflective fields for a very attractive mint .
This case was a proof coin, and it was graded 67+ by the PCGS. In other words, it ’ s an above median strike, with a wide batch luster and merely a few bantam marks .
This is the entirely example of a deep cameo indian Head Penny across all dates and colors. That makes it something quite special. And when it came to auction in March 2021, it sold for $ 108,000 .
6. 1877 PCGS PR67 Red $97,570
This indian Head Penny is another case that ’ s in rare condition. It ’ s a proofread coin, and it ’ s graded 67 by the PCGS. It ’ mho one of only two coins of this quality from 1877. And it ’ s besides in the crimson coloring material – the most sought imbue .
If all this were not adequate, 1877 indian Head Pennies – in any condition – are well rarer than those from other years .
This coin came up for sale in February 2009. It sold for an impressive $ 97,750 .
7. 1890 PCGS MS67+ Red $91,063
Another mint to make over $ 90,000 was this indian Head Penny from 1890. This is another example where circumstance is key. It was graded mint state 67 by the PCGS. And it was besides designated “ crimson ” – used for bull coins that retain 95 per penny or more of their original loss imbue .
It ’ s an attractive specimen, with a luster on both english of the coin. When it was offered for sale in 2020, the catalog enthused over its “ unimpeachable smasher ”. It was, claimed the auctioneers, one of the finest examples of an indian Head Penny across its 50 years of production .
Collectors agreed. When the hammer fell, it had achieved a price of $ 91,063, including the buyer ’ mho bounty .
8. 1869 PCGS MS66+ Red $84,000
This 1869 coin is another to achieve the “ red ” appointment from the PCGS. And it besides is an excellent quality specimen, finely fall and achieving the grade of mint state 66+.
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It ’ s a bright orange-red discolor that ’ mho flush across both surfaces. To the naked center, it appears perfect. view it up close with a loupe, and you ’ ll find just a couple of specks .
This is one of two indian Head Pennies from 1869 to achieve this marking, and there are none fine. So it ’ randomness possibly not surprise that collectors got identical agitate when it came up for auction in 2019. It sold then for $ 84,000 .
9. 1868 PCGS MS66+ Red $72,000
Over ten-spot million cents were minted in 1868. But finding one of the highest quality is a well more challenge job .
only 130 or sol have been certified as having the sought “ crimson ” coloration. Amongst those elusive bolshevik coins, the gradings vary from MS63 to MS66. That makes this specimen the highest available quality, and one of only seven coins to achieve it .
It came up for auction in 2019 at an auction family specialising in rare coins. It sold for $ 72,000, including the buyer ’ sulfur premium .
10. 1873 PCGS MS65 Red and Brown, Doubled Liberty $69,000
This 1873 coin is red and brown, preferably than crimson. And it features what ’ s known as hub doubling – a double image of Lady Liberty .
only two examples of this mint graded MS65 exist, and there are none higher. There is, however, one other 1873 Doubled Liberty, graded MS64, with the sought red appointment. That means the doubt of which is the finest 1873 Doubled Liberty is open to some argue .
Whether or not this is in truth the finest exercise, it ’ s a rare and special mint. And it made $ 69,000 when it came under the hammer .
11. 1865 PCGS MS66 Red, Fancy 5 $66,000
This 1865 coin has a “ fancy 5 ” in the death finger of its date. The horizontal note at the top curl upwards jauntily at the conclusion. It ’ s the kind of detail that collectors love .
The coin is besides excellent quality, graded mint department of state 66 by the PCGS. And it besides earned the “ red ” appointment, with a fresh orange-red shade .
There are enough of 1865 indian Head Pennies around. And even more than 150 years on, there ’ s no dearth of them in mint state either .
But there are lone 14 know coins with the fancy 5 and this level of timbre. And that meant this specimen was a hot pluck for collectors when it was presented for sale in August 2018. The winning bidder paid $ 66,000 .
12. 1888 PCGS MS67 Red $63,250
This 1888 indian Head Penny is an exceptional mint. It ’ s the merely one known to exist in this discipline – known as “ jewel ” by collectors. It ’ s graded mint state 67 by the PCGS, and carries the covet “ loss ” appointment for its full-bodied color .
The following best examples are all grade MS66, and 12 are known to exist. Those that had come up for sale had been steadily gaining higher prices as the years went by. This exercise came up for auction in 2008, and the catalog noted that an MS66 model had sold two years earlier for $ 16,000 .
In the event, the price achieved for this coin far eclipsed that. When the hammer fell, it made $ 63,250, including the buyer ’ sulfur premium .
13. 1871 PCGS MS66 Red $60,375
The Philadelphia mint produced closely 4 million cents in 1871. But by then a deficit of coins meant that the huge majority went straight into circulation. Mint express coins like this one are consequently a considerable rarity .
This exercise is graded 66 by the PCGS and it carries the all-important “ red ” appointment. alone two coins from that class have always been found in this quality. And that made this example a great find oneself for collectors searching for the ultimate 1871 specimen .
It came up for auction in January 2006. The winning bidder paid $ 60,375 to add it to their collection .
14. 1860 PCGS MS67+ $52,800
This 1860 indian Head Penny is in truly exceptional stipulate. It ’ s graded MS67+ plus by the PCGS, which means it ’ s considered a “ Superb Gem ” .
Over 20 million cents were minted in 1860. That ’ s lower than the 36 million minted the former year. But it ’ mho still an amazing lot of coins !
That barely goes to show how much difference condition can make to value. A coarse or garden 1860 indian Head Penny can be picked up for a few dollars. But when this mint came to auction in August 2019, it sold for about $ 53,000 .
15. 1859 PCGS MS66+ $34,500
We ’ ve already heard that a whole lot of cents were minted in 1859 – over 36 million, in fact. So what does it take to make one of those coins actually valuable ?
The answer is discipline. This mint was graded batch express 66+ by the PCGS. That makes it a rarity amongst a ocean of poorer quality specimens. And for collectors looking to find an exemplar of the amerind Head Penny from every year, it ’ sulfur very desirable .
It was besides an strange design. Cents from that year had no shield on the reverse side .
It came to auction in February 2012 and made $ 34,500.
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Penny for Your Thoughts
That brings us to the end of our expression at some of the most valuable indian Head Pennies always sold. Color and condition are all-important attributes for all these coins .
Most indian Head Pennies are sadly not worth identical much at all. But if you ’ ve got an case in beautiful condition, with all the details crisp and clean, it barely might be worth getting it appraised. You never know – it could be worth a luck !