1881 Indian Head Penny
The 1881 Indian Head Penny had a relatively large mintage of over 39 million coins struck at the Philadelphia Mint. Due to the large mintage of this Indian Head Cent, it is one of the more common coins in the series in most circulated and Mint State grades up to about MS65. Once collectors start looking above MS65, the coin becomes scarcer, and then above MS67 becomes very scarce with about a dozen or less known to exist.
History of the 1881 Indian Head Penny
The 1881 Indian Head Penny can be found well-struck and is part of a popular coin series in American coin history. The Indian Head Penny is a replacement for the Flying Eagle Penny. The obverse of this coin there is a female figure wearing a Native American headdress that features the word LIBERTY across the headband. The reverse of the coin features the words “ONE CENT” surrounded by a laurel wreath with a shield at the top. This coin was designed by the Chief Engraver at the Philadelphia Mint, James Barton Longacre. It was believed that he used his daughter as inspiration for the female design, but he said this wasn’t true. Longacre said he was inspired by the Crouching Venus statue that was on loan from the Vatican.
1881 Indian Head Penny Value
The 1881 Indian Head Penny value reaches upwards of around $700 for the highest grades available, which typically max out around MS65 and become much scarcer in higher grades. This is an affordable series for the novice and experienced collector. The 1881 Indian Head Penny would make a valuable addition to the Indian Head Penny series.
Type of coin: Penny
Year: 1881 Indian Head Penny
Indian Head Penny Mint Mark: Philadelphia
Total mintage: 39,208,000
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