What is the worth of the Indian head cent in your pocket? Although long forgotten, this old coins still have value, especially in uncirculated conditions. However, offering your Indian head cent is tho a great deal because of their high level that copper content. The crucial is to have the best specimen of a pristine coin that your nearest collector will uncover irresistible.
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The 1901 Indian head coin is a classic, century-old American coin design by James Longacre in 1901. The 1901 head is a late collection of the Indian head penny since it came only eight years before the development of the Lincoln penny. It is 95% Copper and also 5% Tin and also Zinc.
Here us unravel an in-depth summary of the 1901 Indian head coin, its key features, and fun facts. You’ll additionally discover how much worth the Indian head is, and frequently asked questions from both coin collectors and also numismatic enthusiasts.
About the 1901 Indian Head Penny
The 1901 Indian head is one of the popular American cent minted in between 1859-1909. It functions a female number popularly well-known as “Miss Liberty” ~ above its obverse side. The coin’s follower was the Lincoln wheat penny the came into operation native 1909 onwards.
History of the 1901 Indian Head Penny
The Indian head coin traced its root to 1857 once the rising expense of copper do it challenging to create copper coins. The then-mint director, James Snowden, declared that the Mint occurs many costs in creating copper coins.
As a result, production of the half-cent coins stopped while the size and weight the the pennies in circulation reduced.
The Mint introduced a brand-new cent coin that featured a paris eagle on the obverse side throughout the exact same year.
However, as result of complications in production, the paris eagle just exchanged hand for 2 years, v slightly about 2000 specimens produced.
It caused the development of the 19mm diameter Indian head cent consists of Copper and Nickel. Additional improvements led to the lighter variation weighing 3.11 grams and also made of both Copper and also Tin.
James Longacre draft the Indian head coin in 1901, borrowing inspiration from she daughter Sarah that was the symbolic “Miss Liberty” ~ above the coin’s obverse. Previously, Longacre served as the cook engraver because that the us mint in between 1844-1869.
Which us Mints struck the 1901 Head Penny
The main Mint in Philadelphia developed the Indian head penny between 1859-1909. But, unfortunately, the Mint only created 79,611,143 specimens of the coin.
Reason for Minting
The united state mint presented the Indian head the end of requirement to regulate the dwindling level and high expense of copper during the era of polite wars. Previously, American cents were bigger, heavier, but this involved an end with the paris eagle cents that to be lighter and also smaller.
However, the flying eagle coin couldn’t critical long due to the fact that the nickel component to be too tough for minting. It resulted in a new design by James Longacre, who presented the standard Indian head cent in 1901. Minting of the coin continued for half a century until the Lincoln penny replaced it together well.
Features that the 1901 Indian Head penny
The Indian head coin has classic features that set it personally from various other coins ever used. Below is a look at the main features of the coin.
The coin’s portrait is the symbolic “Miss Liberty,” which shows up on other Indian head coin series.
The obverse style of the 1901 Indian head attributes the portrait that Liberty dealing with left. She wears an Indian headdress that has a band roughly it. Top top the tape is an engraving with the word “Liberty.”
Some experts think the native “Indian head” is misplaced since the liberty number on the coin is not an Indian-American but an American.
The indigenous “UNITED states OF AMERICA” appear as curved text encircling miss Liberty.
Slightly below her neck is the coin’s year of minting created as “1901.”
The reverse of the Indian head cent attributes a wreath comprise oak leaves and also a union shield directly above the wreath. The union shield appears on the topmost component of the coin. A bundle that arrows additionally appears listed below the oak wreath. Additionally, the coin’s value is written at the facility of the wreath as “ONE CENT.”
Slogans ~ above the Indian Head Penny
The 1901 Indian head has one key slogan, “LIBERTY.” similar to other coin series, the word “Liberty” is a slogan the highlights universal flexibility prevailing in the United says of America. That is additionally a solid value adopted and welcomed throughout the nation.
The Indian head bear no mintmark since it was created at the main Mint in Philadelphia.
Weight and Dimensions
The coin weighs 9.11 grams and has a diameter that 19.05 mm.
The Indian head that 1901 contains 95% Copper, when the remaining 5% constitutes one alloy of Zinc and Tin. It is also the typical composition for all Indian head cents produced after 1964.
Value the the Indian Head Penny
The 1901 Indian head cent is a common coin circulation, many thanks to the huge mintage by the key minting bureau.
If you have actually it in uncirculated condition, this coin is still precious the premium price the the environment-friendly buck.
Its worth is together follows:
The coin’s denominational value still stands in ~ one cent. Thus, the worth is identical to 1/100th the a dollar and also is the value struck ~ above the turning back side.
With 95% copper and also 5% (Zinc and also Tin) content, the coin attracts a melt value of $0.0278. Thus, the is the bare minimum worth of the coin’s steel composition.
How much Is the Indian Head at the Pawn Shop?
The Indian head has value together a numismatic coin, v the lowest value being $2 at a pawn shop
It sells in ~ $6 in very fine condition, $10 in incredibly fine condition, and also $40 because that a coin in multiple sclerosis 60 grade.
So, if you have actually an uncirculated ms 63 Indian head, you’ll be sure to collect at the very least $60 native pawnbrokers.
Comparison Table reflecting the value of the 1901 Indian Head Penny
|Coin Condition||Price that 1901 Indian Head Penny|
Factors that affect the worth of the Coin
The I901 Indian Head coin is more than a century old. Therefore its value depends on an important factors. These include its condition, rarity, and mistruck errors. Below is an thorough look right into the determinants that may influence the value of her Indian head coin.
An Indian head cent in its pristine problem fetches greater than a worn-out coin. A expert grader have the right to assess your coin to identify its worth. The specifications below can help you recognize your coin’s value based on grading:
Your Indian head is well preserved, with all the images and texture undamaged as they to be at the moment of manufacture. Back its original luster might wear out, the shouldn’t be extreme.
Your Indian head cent only had actually a small circulation and exchange the hands between users. As a result, the coin appears pristine native far, however it has actually minor scratching and signs that wear on its faces upon closer inspection.
A fine-grade Indian head cent had actually a most time in circulation. As a result, it has actually visible indicators of wear top top its features, including images and also inscriptions. Regardless of this, the images should be conveniently identifiable utilizing the naked eye.
The lowest grade assigned come the 1901 Indian head cent is the G4 “Good” condition. The coin is significantly worn the end in this state, with visible signs of bend, chipping, and scratching. However, if not exceptionally worn out, her coin might still bring a price in the eye of the collectors.
Mistruck errors are typical phenomena because that coins during minting, and the Indian head is no exception. Together a result, this coins show up different from their counterparts that the same quality and type. If friend think your Indian head has actually a mistruck error, watch out for twin dies, missing letters, or clipped components of the coin.
1. Is the 1901 Indian Head Coin precious Anything?
Yes. The Indian head coin is worth about $1 however can bring as much as $32 or much more in uncirculated MS60 condition. However, if your coin is not graded through a skilled or certified through the PCGS, it could fetch reduced than the listed price.
2. What is the value of the 1901 Indian Head proof Coin?
The Philadelphia mint produced only 1,985 evidence coins of the 1901 Indian head. Evidence coins space worth $150 or more, relying on their condition.
3. Is the 1901 Indian Head coin Scarce?
No. Indian head pennies space not scarce since much more than 70 million pieces space still in circulation. There space Indian coin dates considered rare due to the fact that of low mintage. However, the 1901 collection is not taken into consideration rare.
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Winding Up: Is the 1901 Indian Head Penny worth Collecting?
Numismatic collectors take into consideration the varieties, rarities, grading, and crucial dates can make a difference in the worth of her 1901 Indian head penny. The coin has a portrait that a native American chief, and also was one of the many popular and abundant coins the the time.
Do girlfriend still have actually questions around the 1901 Indian Head coin value? Be certain to tell us!