CoinValueDB
Semi-Key
Obverse of Indian Head Penny - 1861

Obverse

Reverse of Indian Head Penny - 1861

Reverse

1861 Indian Head Penny

$30 – $17,275

The Indian Head Penny - 1861 was minted at the Philadelphia Mint with a mintage of 36,700,000. Values range from $30 in lower grades to $17,275 in top condition. This is a semi-key date with strong collector demand.

1861 | Philadelphia | Mintage: 36,700,000
Scan Yours Free →

Market Activity

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $3,859 High: $40,000 Low: $4 20 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)
$26
Very Good (VG-8)
$41
Fine (F-12)
$54
Very Fine (VF-20)
$93
Extremely Fine (EF-40)
$153
About Uncirculated (AU-50)
$275
Mint State (MS-60)
$408
Choice (MS-63)
$720
Near Gem (MS-64)
$1,450
Gem (MS-65) Best Value
$3,038
Superb Gem (MS-66)
$9,250
Superb Gem+ (MS-67)
$28,638
Under $100 $100 - $1,000 Over $1,000

Coin Specifications

Year
1861
Mint
Philadelphia
Mintage
36,700,000
Composition
88% Copper, 12% Nickel
Weight
4.67 grams
Diameter
19 mm
Edge
Plain
Designer
James B. Longacre
Series
Indian Head Penny (1859-1909)
PCGS #
2056

Historical Notes

1861 Indian Head Penny from Philadelphia, early Civil War era.

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.

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.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a Indian Head Penny - 1861 worth? +
A Indian Head Penny - 1861 is worth between $30 and $17,275 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1861 Indian Head Penny coins were made? +
The Philadelphia Mint produced 36,700,000 1861 Indian Head Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the Indian Head Penny - 1861 a key date? +
The Indian Head Penny - 1861 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 1861 Indian Head Penny worth? +
A coin in average circulated condition typically sells for $20 to $50. Uncirculated specimens with full detail command prices over $500 depending on the specific surface quality.
Is the 1861 Indian Head Penny rare? +
The 1861 is a semi-key date in the series. It is not as rare as the 1877 penny, but it is harder to find in high grades than the common dates produced later in the 1880s.

Related Guides

Related Indian Head Penny Coins

Have a penny? Scan it now.

Get instant identification, condition grading, and market value.

Scan Now — It's Free