We looked it up, and an 1861 cent in average condition goes for about twenty bucks. A superb condition coin goes for much more, roughly $450+ for one in uncirculated condition. Good luck with your coin.
How much is a 1860 Indian head penny worth?
CoinTrackers.com has estimated the 1860 Indian Head Penny value at an average of $10.00, one in certified mint state (MS+) could be worth $300.
Who created Confederate pennies that were never circulated?
In late February the Confederate Treasury Department contracted with a company in Philadelphia to produce pennies (one cent coins) for the Confederacy. The job was assigned to Mr. Robert Lovett ,who designed the coin, created the die, and produced 12 samples, in nickel, to be sent to Richmond for approval.
Is the Indian head penny valuable?
Indian Head pennies do not contain any precious metals (e.g. silver, gold, etc.). Therefore, their value is derived from demands by coin collectors. Many people collect these coins, so the market is quite active and most dealers will pay top-dollar for nice specimens.
How much is an 1861 half dime worth?
The 1861 half dime is worth around $25 in good condition. In very fine condition the value is around $40. In extremely fine condition the value is around $70. In uncirculated condition the price is around $160 for coins with an MS 60 grade.
How does a 1861 Indian Head penny look like?
Fine: Worn somewhat flat but all major details clear describes an 1861 Indian penny in fine condition. Her chin and cheek has worn flat, much of the finer detail separating the curls of hair are smoothed into one. The headdress is recognizable with the headband and feathers separated. Overall a bold image remains.
How much are Indian Head pennies worth now?
Coin Info. 10,100,000 business-strike Indian Head pennies were made in 1861, with another 1,000 proofs. In a grade of Good-4, 1861 Indian Head pennies sell for around $23, whereas the proof version from that year is usually offered for $7,250.
What kind of nickel was the Indian Head penny made out of?
Made of copper-nickel not the 90% copper alloy use for the rest of Indian head pennies. These coins minted from 1859 through part of 1864 form an interesting collection. They represent a design change on the reverse, are actually thicker and heaver than later pennies and were minted during the US Civil War.
Who was the Indian on the Penny modeled after?
Many think the Indian on the penny was modeled after a real Native American. In fact, the head was modeled by none other than Longacre’s own, red-headed daughter, Sarah. She was 12 years old at the time a visiting native chief playfully donned Longacre’s daughter with a traditional headdress.
