In normal condition, the 1900 Indian Head Penny is valued $3.22, but it may be for $41 to $61 or more in uncirculated (MS+) pristine condition. Proof coins may be valued up to $156. Each coin has its own unique history and background so no two are exactly alike.
Coins were first issued in 1652 by the British colony of New York as part-payment toward the cost of building a church in what was then the territory of Virginia. These coins are called Colonial Era Coins because they were used before statehood was granted to several colonies. After the American Revolution, new coins were needed to replace those lost during the war with Britain so bills were converted into coins at a rate of about one dollar to five cents.
These coins were minted in Philadelphia and their design remains largely unchanged from those first issued in 1652 until 1857 when they are replaced by another issue known as the "Cents" or "Three Cent Piece." This piece remained in use until 1902 when it is replaced by the 1900 Indian Head Penny.
The conversion of bills into coins was done by the Treasury Department and they usually gave each denomination a certain amount of copper or silver per coin. For example, one dollar bills were converted into coins at 10 dollars per coin. This means that each coin would contain 10 percent silver and the rest copper.
|1898 Indian Head Penny Value|
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|1898 Indian Head Penny Value Updated||2021|
|1883 Indian Head Penny Value|
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|1883 Indian Head Penny Value Updated||2021|
The 1933 George V penny is arguably the most valuable one-penny coin, with an estimated value of PS72,000. Although this was initially designed as a pattern currency and was not meant for circulation, it is thought that seven were produced, making them extremely uncommon. This particular coin has been certified by the British Museum as being genuine and appears in the catalogues of both the BM and the National Coin Collections.
The 1816 Penny Red is the most common old UK penny and is valued at around PS20. However, many older pennies are worn down through use - especially those from before 1930 - so they no longer look like coins but rather like discs with raised edges. These can be difficult to distinguish from modern coins when polished. Also, some earlier pennies have different designs from later years, which will also make them rare. For example, the 1753 Penny Black features black shading on its face instead of the more common red and white design used since 1797. It is valued at about PS10,000.
The 1662 OPPOSITE SIDE PENNY is the rarest old penny available today and is valued at over PS100,000. It was discovered in a hoard in Staffordshire in 1997 and is considered one of the finest examples of its type. The design on these pennies is unusual because it shows King Charles II on the opposite side from usual.
The price of coins changes over time as well as location. For example, MS+ coins are very rare and valuable so they command a high price. Also, some types of coins are not legal tender in many countries so they can be valuable as collectibles.
Average value per coin varies depending on condition, type, and date of issue for both U.S. coins and foreign coins alike. MS+ coins are most valuable because there are so few of them compared to other conditions. Also, coins that have been circulated often times have higher values than those that have not been circulated much at all. Finally, some types of coins are worth more than others including some U.S. coins such as the half dollar, dollar, and eagle.
Half dollars are the most common coin used for vending machines and other automatic coin acceptors. Therefore, they are more likely to have higher prices than other types of coins. For example, a 1916-D half dollar is worth more than an 1866-O half dollar because there are more 1916-Ds than 1866-Os.