![]() ![]() The 1864 Indian Head Penny with an “L” on the ribbon is one of the most famous one-cent U.S. Even though it’s not the lowest mintage, fewer of them have survived, likely due to the fact fewer coins were collected in 1877 versus 1909. It has the second lowest mintage, with only the 1909-S Indian Head penny having a lower mintage. The 1877 Indian Head penny is undeniably the most desirable coin in the entire circulation strike series. Approximately 5,000 of these one-cent coins are still in existence, with all grades combined. Even though the 1871 Indian Head Penny had a lower mintage, the 1872 seems to carry a higher premium in most grades. The 1872 Indian Head Penny is one of the rarest in the series due to low mintage numbers. Very few of these coins have survived in good condition, which increases the demand from coin collectors and the value. It’s rare to find coins that are over 100 years old with a lot of detail remaining. Most pennies from the 1800s will be very worn. Most Valuable Pennies From the Late 1800s The coin’s color, tone, and level of wear and tear will be inspected during the coin grading process. Regardless of the age, design, or composition of a coin, the condition it’s in will have a direct effect on its value. Additionally, certain designs have historical significance, which can increase demand. ![]() Older coins typically become more scarce over the years as some are lost or destroyed. A lower mintage can make coins more difficult to obtain, which will increase their value.Ī coin’s age, design, and bullion content also play a major role in its value. The mintage number refers to how many examples of a particular issue were originally produced at the U.S. One of the most important factors that impact a coin’s value is the mintage. The themes were chosen to represent the four major aspects of Lincoln’s life: In 2009, the United States Mint issued four different penny designs throughout the year as part of the Lincoln Bicentennial One Cent Program. The coin’s reverse had a couple of design changes between 19, from two sheaves of wheat to the Lincoln Memorial. The image of Lincoln on the penny’s obverse was designed by Victor David Brenner, and it’s still used today. In 1909, Abraham Lincoln became the first president to be featured on American coinage. The “Indian Head” design was used from 1859 to 1909. That same year a new design rolled out featuring a flying eagle on the coin’s obverse and a wreath on the reverse. In 1857, the size of the coin got smaller, and nickel was added to the composition. The penny’s first design depicted a woman with flowing hair symbolizing Liberty, which remained on the penny for over 60 years. The modern penny is made with a combination of copper and zinc - 100% copper pennies proved to be worth more than the face value. The first penny was larger than what we use today and made of pure copper. Here in the United States, the penny was one of the first coins produced by the U.S. The penny dates all the way back to ancient civilizations, such as the Greeks and Romans, who used small copper or bronze coins as a means of exchange. We haven’t included “special strikes” or proof coins, so these are coins you could have a higher chance of finding in your everyday pocket change. To make things a little easier, we put together a list of the top 100 most valuable pennies. That being said, there are so many of them that it can be difficult to know whether you have a penny worth a lot of money or not. Pennies are some of the most exciting coins to collect because you can find them virtually anywhere. ![]()
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