Interestingly, the “Indian” on the penny isn’t actually a Native American at all. Longacre, Chief Engraver at the United States Mint from 1844 until his passing in 1869, designed 1902 Indian Head pennies. 1902 proof Indian Head pennies sell for $1,275. The common business strikes retail for $2 in Good-4, which according to most collectors of 20th-century coins is considered the lowest collectible grade. 2,018 proof specimens were also made in 1902. Coin collectors often pursue 1902 pennies for type sets as well as to complete series collections of Indian Head pennies.ġ902 Indian Head cents were minted in large numbers, with 87,374,704 business strikes coming from the Philadelphia mint. They’re also available at most coin shops that deal in 19th- and 20th-century U.S.

Mixed-date rolls and bags of Indian Head cents often contain 1902 pennies. Your box of old coins is worth a careful look.1902 Indian Head cents are quite common and are still widely available for coin collectors. Multiple bids showing high interest as collectors looked to add a stunning prize to any advanced collection. When this one became available bidding at a David Lawrence rare coin auction raised gem quality 1907 Indian head penny value to $511. Top condition examples of these old coins are infrequent to the market. Additionally, contact with hands, other coins and the elements was minimal. Expert care preserves the original orange-red copper color, as well as the luster imparted in the minting process.

Pictured is a gem quality 1907 penny, considered one to the finest condition Indian pennies to remain. However, top condition examples are elusive and avidly collected. With so many minted (the largest number in any year) and at the ending of the series, large numbers remain. A 1907 Indian head penny is one of those years readily available in heavily worn condition.

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