CoinValue

1908 Indian Head Penny

1908 | P | Mintage: 13,032,105 | 95% Copper, 5% Tin/Zinc
$1.5 – $2,575
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Obverse of Indian Head Penny showing Liberty wearing Native American headdress

Obverse

Reverse of Indian Head Penny

Reverse

The 1908 Indian Head Penny was minted at the Philadelphia Mint with a mintage of 13,032,105. Values range from $1.5 in lower grades to $2,575 in top condition.

CoinValueDB Value Estimate

$1.50 – $2,575

Based on 1 recent sale

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $245 High: $2,575 Low: $2 1 sale 12 total data points

Recent eBay Sales

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$2
Very Good (VG-8)$3
Fine (F-12)$4
Very Fine (VF-20)$6
Extremely Fine (EF-40)$12
About Uncirculated (AU-50)$18
Mint State (MS-60)$37
Choice Mint State (MS-63)$66
Gem Mint State (MS-65)$210
Superb Gem+ (MS-67)$2,575

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 1908 Indian Head Penny worth? +
A 1908 Indian Head Penny is worth between $1.5 and $2,575 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1908 Indian Head Penny coins were made? +
The Philadelphia Mint produced 13,032,105 1908 Indian Head Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1908 Indian Head Penny a key date? +
The 1908 Indian Head Penny is not considered a key date or semi-key date. However, condition is always important. A common-date coin in exceptional condition can still be quite valuable.
How much is a 1908 Indian Head Penny worth? +
In circulated condition, a 1908 Indian Head Penny typically sells for between $2 and $10. Coins in pristine, uncirculated condition can sell for $100 or more depending on the specific eye appeal.
Is the 1908 Indian Head Penny considered rare? +
The 1908 Philadelphia issue is not rare. With over 13 million minted, it is one of the more accessible dates for collectors compared to key dates like the 1877 or 1909-S.

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