In 1874, the US Mint once again increased one cent production. In the years directly following the end of the Civil War, there was little demand and yearly mintage numbers dropped to around 4 million. Around this time, the mint also discontinued use of the two-cent and three-cent pieces, which increased demand for one cent coins. However, the 1874 is still a rare coin with about 2,000 coins, in varying conditions, still believed to exist today. It is in high demand among collectors looking to complete their Indian Head series.
Indian Head Cent Design Details
The 1874 Indian Head Cent coin is known as a bronze coin and is made with an alloy that contains 95% copper and 5% tin and zinc. Earlier versions were made struck using a nickel and copper combination, but the Civil War caused a nickel shortage and the government was forced to make changes. The face of the coin features the goddess Liberty wearing an Indian chief headdress while the reverse side has an oak wreath, shield and the words “One Cent” printed in the middle.
Value of the 1874 Indian Head Penny
A 1874 Indian Head Penny that is considered in average condition with clearly legible markings is worth about $18. If you can find one that is in certified mint state, it will sell for around $270. This rare coin is one of the most valuable pennies in the history of US currency and makes a great addition to any collection.
Type of coin: Penny
Year: 1874
Mint Mark: Philadelphia
Total mintage: 14,187,500
Metal content: 95% Copper, 5% Tin and Zinc
Face value: One Cent
Weight: 3.11 grams
Edge: Plain
Designer: James Barton Longacre
Diameter: 19 millimeters