CoinValue

1859 Indian Head Penny

1859 | Philadelphia | Mintage: 36,400,000 | 88% Copper, 12% Nickel
$40 – $21,275 Semi-Key
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Obverse of Indian Head Penny showing Liberty wearing Native American headdress

Obverse

Reverse of Indian Head Penny

Reverse

The Indian Head Penny - 1859 was minted at the Philadelphia Mint with a mintage of 36,400,000. Values range from $40 in lower grades to $21,275 in top condition. This is a semi-key date with strong collector demand.

CoinValueDB Value Estimate

$3.60 – $21,275

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $1,999 High: $21,275 Low: $4 19 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$31
Very Good (VG-8)$57
Fine (F-12)$58
Very Fine (VF-20)$130
Extremely Fine (EF-40)$163
About Uncirculated (AU-50)$390
Mint State (MS-60)$455
Choice Mint State (MS-63)$910
Near Gem (MS-64)$1,700
Gem Mint State (MS-65)$2,725
Superb Gem (MS-66)$5,750
Superb Gem+ (MS-67)$21,275

About the Indian Head Penny

The Indian Head Penny series began in 1859 to replace the larger, heavier Flying Eagle cent. James B. Longacre designed the coin while serving as the Chief Engraver at the Philadelphia Mint. He chose a portrait of Lady Liberty wearing a Native American headdress instead of an actual Native American figure. This design choice drew criticism for its lack of historical accuracy, but the coin remained popular with the public for half a century. The design underwent one major change in 1860 when Longacre added a laurel wreath to the reverse side to replace the original oak wreath and shield. The series ended in 1909 after the Mint introduced the Lincoln cent. The Indian Head Penny remains a staple of American numismatics because it represents the transition to the modern small cent format.

Coin Details

Designer
James B. Longacre
Composition
88% Copper, 12% Nickel
Weight
4.67 grams
Diameter
19 mm
Edge
plain
Series
Indian Head Penny (1859-1909)

Historical Notes

The first year of the Indian Head Penny series. Features 88% copper, 12% nickel composition.

Collecting Indian Head Penny Coins

Start your collection with common dates like 1900 through 1908, which you can find in good condition for under $5. Focus on identifying the 1877 date, which has a mintage of only 852,500 and carries a high price tag. Check your coins for environmental damage or heavy cleaning, as these flaws ruin the numismatic value. Watch for altered dates on coins from 1880, as forgers often change the final digit to mimic the rarer 1888 issue. Always use a 5x or 10x jeweler's loupe to inspect the fine details of the feathers and the date for signs of tampering.

Frequently Asked Questions

What is a Indian Head Penny - 1859 worth? +
A Indian Head Penny - 1859 is worth between $40 and $21,275 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1859 Indian Head Penny coins were made? +
The Philadelphia Mint produced 36,400,000 1859 Indian Head Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the Indian Head Penny - 1859 a key date? +
The Indian Head Penny - 1859 is considered a semi-key date. While not the rarest in the series, it has above-average collector demand and typically commands a premium over common dates.
How much is an 1859 Indian Head Penny worth? +
In average circulated condition, an 1859 Indian Head Penny typically sells for between $20 and $50. Uncirculated specimens command significantly higher prices, often reaching $300 or more depending on the specific surface quality.
Is the 1859 Indian Head Penny rare? +
The 1859 Indian Head Penny is not a rare coin because of its high mintage of 36,400,000. It is a common date that is an accessible entry point for collectors starting an Indian Head set.

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