The 1872 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1872 Indian Head Penny

Specifications

Type: Indian Head Penny
Year: 1872
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
1872 Philadelphia 4,042,000
1872 Proof Philadelphia 850-1,100

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 1872 Indian Head penny with the shallow N is worth around $100 in good condition. In very fine condition the value is around $425. In extremely fine condition the value is around $575. In uncirculated condition the price is around $950 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $1,250.

Bold N Coins

The 1872 Indian Head penny with the bold N is worth around $90 in good condition. In very fine condition the value is around $375. In extremely fine condition the value is around $500. In uncirculated condition the price is around $785 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $1,150.

The 1872 Indian Head proof penny with the bold N is worth around $400 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:

1873 Indian Head Penny
1871 Indian Head Penny
1870 Indian Head Penny