CoinValue

1860 Indian Head Penny

1860 | P | Mintage: 67,636,200 | 95% Copper, 5% Tin/Zinc
$27 – $15,150 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 1860 Indian Head Penny was minted at the Philadelphia Mint with a mintage of 67,636,200. Values range from $27 in lower grades to $15,150 in top condition. This is a semi-key date with strong collector demand.

CoinValueDB Value Estimate

$3.60 – $15,150

Based on 2 recent sales

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $1,457 High: $15,150 Low: $4 2 sales 13 total data points

Recent eBay Sales

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$27
Very Good (VG-8)$35
Fine (F-12)$59
Very Fine (VF-20)$81
Extremely Fine (EF-40)$155
About Uncirculated (AU-50)$265
Mint State (MS-60)$370
Choice Mint State (MS-63)$635
Gem Mint State (MS-65)$2,075
Superb Gem+ (MS-67)$15,150

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 Barton Longacre
Composition
95% Copper, 5% Tin/Zinc
Weight
3.11
Diameter
19.05
Edge
Plain
Series
Indian Head Penny (1859-1909)

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 1860 Indian Head Penny worth? +
A 1860 Indian Head Penny is worth between $27 and $15,150 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1860 Indian Head Penny coins were made? +
The Philadelphia Mint produced 67,636,200 1860 Indian Head Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1860 Indian Head Penny a key date? +
The 1860 Indian Head Penny 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 1860 Indian Head Penny worth? +
In circulated condition, an 1860 Indian Head Penny typically sells for between $15 and $50. Uncirculated examples in MS-63 grade often trade for $250 or more depending on their surface quality.
Is the 1860 Indian Head Penny considered rare? +
The 1860 Indian Head Penny is not rare due to its mintage of 67,636,200. It is a common date that is accessible to most collectors compared to the true key dates in the series.

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