In just one year, the US Mint had doubled its production of the penny. Almost 39 million 1880 Indian Head Cent coins were minted. The economy was recovering after an economic downturn a few years earlier and the public was demanding more pennies.
Design of the 1880 Indian Head Cent
Around this period, the US Mint was making changes to other denominations, but the 1880 Indian Head Penny had yet to undergo any major changes since its inception in 1859. The Indian Head is only the second design to grace the US one cent coin. It is distinguished by a profile of the goddess Liberty who has flowing hair and an Indian chief headdress. The reverse side of the coin is struck with an oak wreath and shield.
This coin was first created by the famous and prolific designer, James Barton Longacre. Some speculate that the bust of the woman pictured is actually modeled after his daughter, but there is some contradicting evidence that calls this into question.
Value of the 1880 Indian Head Cent
An 1880 Indian Head Cent in mint condition should have a surface that is almost completely red. These are the most valuable versions and can be worth up to $165 in mint condition. Red brown and completely brown coins have experienced exposure to moisture and other elements that have affected the color. While these aren’t as rare, they are still valuable. A brown coin in average condition with legible marking is valued at around $6.
Type of coin: Penny
Year: 1880
Mint Mark: Philadelphia
Total mintage: 38,961,000
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