Pennies produced during the Civil War are sought after for their historical value, while one cent coins that were struck after the war are collectible, in part, for their rarity. The 1866 Indian head Penny is harder to find than its predecessors, especially if you are looking for an excellent or mint condition coin.
The 1866 Indian Head Penny features the profile of the goddess Liberty wearing an Indian Chief headdress. The Flying Eagle was the first one cent coin design and was followed by the Indian Head in 1859 During the first few years of its production, the coin’s design only underwent minor changes. However, the 1866 penny does feature the relatively new bronze alloy that was employed once nickel supplies began to run out during the war.
While these coins were minted in relatively large numbers, they tend to be more scarce than other years. It may be that more of them were in circulation and were lost as a result.
What is an 1866 Indian Head Penny Worth?
As with any coin, the worth depends on the condition of the coin. Pennies that retain clear markings where you can easily read the lettering, the date and the details in the hair and headdress are worth more than those with clear wear and tear. An 1866 Indian Head Penny in good condition will go for around $40 while a mint condition coin can be worth upwards of $300.
Type of coin: One Cent
Year: 1866 Indian Head Penny
Mint Mark: Philadelphia
Total mintage: 9,826,500
Metal content: 95% Copper and 5% Zinc and Tin
Face value: One Cent
Weight: 3.11 grams
Edge: Plain
Designer: James Barton Longacre
Diameter: 19 millimeters