1901 Indian Head Penny

In 1901, the US was enjoying a robust economy and demand for the Indian Head Cent was high. American’s had fully embraced the national currency and the one cent coin was being used in new coin operated machines, including penny arcades. At this point, the US Mint had made it illegal to produce the coin at any other mint location besides Philadelphia and annual appropriations for the metals necessary to produce the penny were still at 1859 levels.

1901 Indian Head Cent

While attitudes about American currency and the penny had changed significantly since it was first introduced, the actual design was basically the same. The face of the coin features the profile of Lady Liberty. Notably, she is pictured wearing an Indian Chief headdress, which is meant as a nod to the indigenous people of America. Meanwhile, the reverse side features an oak wreath and shield. All of these symbols were chosen as a way to solidify a sense of national identity for a country that was in its infancy.

How Much is a 1901 Indian Head Penny Worth?

The 1901 coin is not considered a rare indian head cent. However, it is still worth considerable money at auction. A coin in average condition, which typically means that it resembles coins that were circulated in that year, will go for around $2.50. Higher grade versions that are certified as mint condition will go for $60 and up. 

 

Type of coin: One Cent

Year: 1901 Indian Head Penny

Mint Mark: Philadelphia

Total mintage: 79,609,000

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