In rare cases where the collector needs only one coin to complete the series, the 1898 Indian head penny can actually cost a small fortune. However, only a few remained in perfect condition, and dedicated numismatists are ready to search for years for a well-preserved penny and to pay it dearly. 1898 Indian head pennyīy the end of the year, this penny mintage came close to 50 million coins. Plus, the US Congress declared war on Spain on April 25, 1898. The Civil war ended more than 30 years ago, and society and the economy were recovering. Since people were using them daily, there were not many coins in a mint state.ġ898 Indian head penny is not rare thanks to the historic moment. It contained 88% copper and 12% nickel until the Philadelphia mint changed its composition to 95% copper and 5% tin and zinc. The average mintage for the Indian head pennies was 34,252,575 a year.

The San Francisco mint also made Indian head pennies, but only in the last two years of the series, 19.

The Philadelphia mint produced Indian head pennies from 1859 to 1909, when it began to mint new Lincoln pennies. Your use of this site indicates full acceptance of these terms.The first Indian head penny was minted in 1859 to replace the Flying eagle pennies that had design problems. CDN Publishing is not responsible for typographical or database-related errors. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. The prices listed in our database are intended to be used as an indication only. Price movement is indicated for price changes in the last 30 days. You can learn more about CAC on their web site. coins that meet the standards of the Certified Acceptance Corporation. CDN only tracks Bluesheet on certain items.ĬAC prices are for U.S. For this reason, Bluesheet values typically represent the floor of the market for the specified item. In many cases, there are no active sight-unseen buy offers, so CDN looks to the recent lowest market values for such an item. The actual value can be more or less than this depending on factors including eye appeal and market timing.īluesheet (NGC & PCGS) prices represent the highest sight-unseen offers to buy on dealer networks like CDN Exchange. Greysheet/Greensheet represent 'sight-seen' values based on a buyer's in-hand review.

Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade.

1898 indian head penny ngc