The Indian Head Penny was first introduced in 1859. By 1893, the original design by James Barton Longacre had undergone some small changes, but for the most part, the design remained largely the same as the original. While there are rare versions of the one cent coin, the 1893 Indian Head Penny was minted in large numbers and is still relatively easy for collectors to find.
1893 Indian Head Penny Narrative
In the early days of the United States, there wasn’t a central currency. People were using European coins, gold and other items to make transactions. The US Mint was trying to move towards a single currency that would be widely used and accepted. The design of the Indian Head Penny reflects this goal.
The Indian Head One Cent coin is meant to evoke “national” feeling about the country. One side depicts the Goddess Liberty wearing an Indian Chief headdress. This is a nod to the indigenous people and the individualistic nature of the country. Initially the reverse side of the coin featured a laurel wreath, but this was eventually changed to an oak wreath. The reverse side also has a shield and the words “One Cent.”
1893 Indian Head Cent Worth
Because the coin is still easy to find, a coin in average condition will be worth around $4. Coins that have been certified as mint condition can go for $105 while proof can fetch even more at auction. It is estimated that there are only 15 left that are of the highest grades.
Type of coin: One Cent
Year: 1893 Indian Head Penny
Mint Mark: Philadelphia
Total mintage: 46,640,000
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