 
1864 - 1909 Indian Head Penny Value (United States)
| U.S. MINT SPECIFICATIONS |
| Denomination: | $0.01 |
| Obverse Image: | Indian Head |
| Reverse Image: | Wreath with a shield on top. |
| Metal Composition: | 95% copper, 5% zinc |
| Total Weight: | 3.11 grams |
| Comments: | The transition from the Indian Head cent to the Lincoln cent took place during the middle of 1909. Please keep in mind, this is a highly-collectible coin. They should never be sold for melt value. |
| CALCULATING TODAY'S MELT VALUE (USD) |
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
|
| | | |
| $4.4426 | = | copper price / pound on Mar 18, 2025. |
| .95 | = | copper % |
| $1.3387 | = | zinc price / pound on Mar 18, 2025. |
| .05 | = | zinc % |
| 3.11 | = | total weight in grams |
| .00220462262 | = | pound/gram conversion factor (see note directly below) |
The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.
1. Calculate 95% copper value :
(4.4426 × .00220462262 × 3.11 × .95) = $0.0289366
2. Calculate 5% zinc value :
(1.3387 × .00220462262 × 3.11 × .05) = $0.0004587
3. Add the two together :
$0.0289366 + $0.0004587 = $0.0293953
$0.0293953 is the melt value for the 1864-1909 Indian Head copper cent on March 18, 2025.
 | ← Calculate the value of your own coins. |
|
|
|
| MINTAGE AND COLLECTIBLE VALUE (USD) |
The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).
The PCGS price guide on Indian cents has an updated list of certified coin prices. |
| Mintmark Location: | Numismatic Value Range – Based On Condition: |
 |  |  |  |  |
| Year |  | Mintage | Good | Fine | Extra Fine | Uncirculated |
| 1864 |
Shop |
39,233,714 |
$5.00 - $5.50 |
$15.00 - $16.00 |
$47.00 - $50.00 |
$125.00 and up |
| 1865 |
Shop |
35,429,286 |
$4.00 - $4.50 |
$14.00 - $16.00 |
$32.00 - $35.00 |
$90.00 and up |
| 1866 |
Shop |
9,826,500 |
$25.00 - $26.00 |
$55.00 - $60.00 |
$140.00 - $150.00 |
$220.00 and up |
| 1867 |
Shop |
9,821,000 |
$30.00 - $33.00 |
$60.00 - $65.00 |
$130.00 - $140.00 |
$225.00 and up |
| 1868 |
Shop |
10,266,500 |
$20.00 - $21.00 |
$47.00 - $50.00 |
$105.00 - $110.00 |
$235.00 and up |
| 1869 |
Shop |
6,420,000 |
$40.00 - $44.00 |
$110.00 - $120.00 |
$275.00 - $300.00 |
$500.00 and up |
| 1870 |
Shop |
5,275,000 |
$27.00 - $28.00 |
$115.00 - $125.00 |
$265.00 - $275.00 |
$400.00 and up |
| 1871 |
Shop |
3,929,000 |
$40.00 - $44.00 |
$135.00 - $150.00 |
$275.00 - $300.00 |
$450.00 and up |
| 1872 |
Shop |
4,042,000 |
$45.00 - $50.00 |
$160.00 - $175.00 |
$325.00 - $350.00 |
$600.00 and up |
| 1873 |
Shop |
11,676,000 |
$10.00 - $11.00 |
$37.00 - $40.00 |
$105.00 - $110.00 |
$200.00 and up |
| 1874 |
Shop |
14,187,000 |
$9.00 - $10.00 |
$27.00 - $29.00 |
$80.00 - $85.00 |
$150.00 and up |
| 1875 |
Shop |
13,528,000 |
$7.50 - $8.50 |
$35.00 - $38.00 |
$85.00 - $90.00 |
$150.00 and up |
| 1876 |
Shop |
7,944,000 |
$12.50 - $13.50 |
$40.00 - $45.00 |
$145.00 - $155.00 |
$225.00 and up |
| 1877 |
Shop |
852,500 |
$325.00 - $350.00 |
$800.00 - $850.00 |
$1600.00 - $1700.00 |
$3000 and up |
| 1878 |
Shop |
5,799,000 |
$12.50 - $13.50 |
$47.00 - $50.00 |
$155.00 - $165.00 |
$250.00 and up |
| 1879 |
Shop |
16,231,000 |
$3.00 - $3.50 |
$11.00 - $12.00 |
$47.00 - $50.00 |
$75.00 and up |
| 1880 |
Shop |
38,964,000 |
$1.50 - $2.00 |
$5.50 - $6.00 |
$17.00 - $18.00 |
$50.00 and up |
| 1881 |
Shop |
39,208,000 |
$1.50 - $2.00 |
$4.00 - $4.50 |
$12.00 - $13.00 |
$40.00 and up |
| 1882 |
Shop |
38,578,000 |
$1.00 - $1.50 |
$2.50 - $3.00 |
$11.00 - $12.00 |
$32.00 and up |
| 1883 |
Shop |
45,591,500 |
$1.50 - $2.00 |
$2.50 - $3.00 |
$13.00 - $14.00 |
$35.00 and up |
| 1884 |
Shop |
23,261,000 |
$1.50 - $2.00 |
$4.50 - $5.00 |
$17.00 - $18.00 |
$45.00 and up |
| 1885 |
Shop |
11,765,000 |
$2.50 - $3.00 |
$7.50 - $8.00 |
$40.00 - $43.00 |
$100.00 and up |
| 1886 |
Shop |
17,654,000 |
$2.00 - $2.50 |
$17.00 - $18.00 |
$90.00 - $95.00 |
$185.00 and up |
| 1887 |
Shop |
45,226,000 |
$1.00 - $1.50 |
$2.50 - $3.00 |
$9.00 - $9.50 |
$35.00 and up |
| 1888 |
Shop |
37,494,000 |
$1.50 - $2.00 |
$3.50 - $4.00 |
$13.00 - $14.00 |
$32.00 and up |
| 1889 |
Shop |
53,600,000 |
$1.00 - $1.50 |
$2.50 - $3.00 |
$11.00 - $12.00 |
$32.00 and up |
| 1890 |
Shop |
57,182,000 |
$1.50 - $2.00 |
$2.50 - $3.00 |
$7.00 - $7.50 |
$32.00 and up |
| 1891 |
Shop |
47,072,000 |
$1.50 - $2.00 |
$2.50 - $3.00 |
$11.00 - $12.00 |
$30.00 and up |
| 1892 |
Shop |
37,649,000 |
$1.50 - $2.00 |
$3.50 - $4.00 |
$10.00 - $11.00 |
$32.00 and up |
| 1893 |
Shop |
46,642,000 |
$1.50 - $2.00 |
$2.50 - $3.00 |
$10.00 - $11.00 |
$30.00 and up |
| 1894 |
Shop |
16,752,000 |
$2.50 - $3.00 |
$7.00 - $7.50 |
$30.00 - $33.00 |
$50.00 and up |
| 1895 |
Shop |
38,343,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1896 |
Shop |
39,057,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1897 |
Shop |
50,466,000 |
$1.00 - $1.50 |
$2.50 - $3.00 |
$8.00 - $8.50 |
$30.00 and up |
| 1898 |
Shop |
49,823,000 |
$1.00 - $1.50 |
$2.50 - $3.00 |
$8.00 - $8.50 |
$32.00 and up |
| 1899 |
Shop |
53,600,000 |
$1.00 - $1.50 |
$2.50 - $3.00 |
$8.00 - $8.50 |
$32.00 and up |
| 1900 |
Shop |
66,833,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1901 |
Shop |
79,611,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1902 |
Shop |
87,376,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1903 |
Shop |
85,094,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1904 |
Shop |
85,094,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1905 |
Shop |
80,719,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1906 |
Shop |
96,020,530 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1907 |
Shop |
108,137,143 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1908 |
Shop |
32,327,143 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1908 S |
Shop |
1,115,000 |
$35.00 - $38.00 |
$70.00 - $75.00 |
$120.00 - $130.00 |
$220.00 and up |
| 1909 |
Shop |
14,370,000 |
$0.75 - $1.00 |
$2.00 - $2.50 |
$6.00 - $6.50 |
$28.00 and up |
| 1909 S |
Shop |
309,000 |
$225.00 - $240.00 |
$325.00 - $350.00 |
$500.00 - $550.00 |
$700.00 and up |
If you're interested in survival and rarity estimates (including the latest realized auction prices), also consider visiting PCGSCoinFacts.com. For example, they estimate there are only 8,800 known examples of the 1907 Indian Cent. This includes raw coins, those certified by PCGS, and those certified by other grading services.
|
If you're interested in learning more about grading coins, Photograde is an excellent resource. |
|
| EBAY AUCTIONS - INDIAN CENT (COPPER) |
I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.
View all copper Indian Cent auctions or see below:
|
|
| CHARTS |
Long-term metal price charts for the Indian cent (95% copper):
![[Most Recent Quotes from www.kitco.com]](https://www.kitconet.com/charts/metals/base/spot-copper-5y.gif)
|
|
|
