The 1861 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1861 Indian Head Penny

Specifications

Type: Indian Head Penny
Year: 1861
Face Value: $0.01
Composition: 88% copper, 12% nickel
Total Weight: 4.67 grams

There is no mint mark on this coin. Each coin was minted in Philadelphia.

Series Location Quantity Minted
1861 Philadelphia 10,100,000
1861 Proof Philadelphia 1,000

Value

The 1861 Indian Head penny is worth around $25 in good condition. In very fine condition the value is around $60. In extremely fine condition the value is around $110. In uncirculated condition the price is around $225 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $400.

The 1861 Indian Head proof penny is worth around $1,200 in PR 63 condition.

Grading System

Good- The word "LIBERTY" inscribed on Liberty's headband is not visible.

Very fine- The word "LIBERTY" inscribed on Liberty's headband is visible but there is slight wear.

Extremely fine- The word "LIBERTY" inscribed on Liberty's headband is sharp. The other details on the coin are also sharp. There is slight wear on the end of the ribbon.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

 

Sources:

The Red Book


See also:

1862 Indian Head Penny
1860 Indian Head Penny
1859 Indian Head Penny