The 1870 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1870 Indian Head Penny

Specifications

Type: Indian Head Penny
Year: 1870
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

For this year there are two different varieties, coins with the shallow N in the word "ONE" and coins with the bold N. Cents from 1869 and earlier have a shallow N. Cents from 1870-1872 have either type.

Shallow N vs Bold N

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

Series Location Quantity Minted
1870 Philadelphia 5,275,000
1870 Proof Philadelphia 1,000+

Value

The value is going to depend on the coin's type and its condition. Below we will review the two different varieties.

Shallow N Coins

The 1870 Indian Head penny with the shallow N is worth around $80 in good condition. In very fine condition the value is around $320. In extremely fine condition the value is around $400. In uncirculated condition the price is around $550 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $900.

The 1870 Indian Head proof penny with the shallow N is worth around $425 in PR 63 condition.

Bold N Coins

The 1870 Indian Head penny with the bold N is worth around $55 in good condition. In very fine condition the value is around $280. In extremely fine condition the value is around $375. In uncirculated condition the price is around $500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $850.

The 1870 Indian Head proof penny with the bold N is worth around $325 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:

1871 Indian Head Penny
1869 Indian Head Penny
1868 Indian Head Penny