Rarely does an old penny retain as much original mint luster as this example. The 1897 penny pictured is considered very rare in its condition and one of the finest known to survive. Presented to the largest number of collectors gem quality Indian pennies often find ready buyers. Many of the elite coin rarities trade in the auction market.

At the very top in value are 'Gem' condition coins, displaying outstanding brightness and mark free surfaces, auction records of one are detailed below.

In the market place this 1897 Indian head penny value is over $40 to $45 and some are valued even higher. All of the small fine details are still visible. A coin that never entered circulation and has remained untouched since minting. Pictured is an uncirculated Indian penny, an example without any wear. Grading the condition of your Indian pennies is detailed below the value chart. A circulated and worn coin that still shows all lettering of 'Liberty' in the headband is very collectible.

Rare coin dealers and collectors give a great deal of attention to wear, marks, and the color of old Indian pennies.Īs you look closely at your 1897 penny, is it a pleasing brown color and not to dark? Has your coin avoided large marks or damage? Good eye appeal combined with ample design remaining is recognized as a scarce coin and is reflected in its value. The result - if your coin is above average in condition it is avidly collected and the value doubles. Many of these Indian pennies still exist today, however most are heavily worn leaving only a small number of better quality.

Value of 1898 indian head penny