The 1902 Indian Head Penny was a highly popular coin, with almost 90 million of these pennies minted. After the United States recovered from the economic depression in 1893, US coins saw their numbers soar in a strong economy. While demand for small coins was strong, and the Indian Head penny was accepted across the country, only the Philadelphia mint was authorized to print Indian Head pennies.
Popularity of the Indian Head Penny
The Indian Head penny is one of the most recognizable US Coins, and was used long after its discontinuation in 1909. Because of this, many coin collectors are on the lookout for a 1902 Indian Head penny to complete their collections. Like any well-circulated coin, locating one of these unique and striking 1902 Indian Head pennies in great condition is a great find.
1902 Indian Head Penny Values
The 1902 Indian Head penny was mass-produced at record numbers, which puts its average value at $2.50, but a mint condition or uncirculated coin can fetch up to $50 for the discerning collector. An uncirculated 1902 Indian Head penny is marked by its vibrant red and orange copper color, along with an absence of scratches and a full and clear engraving. The 1902 Indian Head penny is an ideal coin for starting or adding to your coin collection.
Type of coin: Penny
Year: 1902
Mint Mark: No mint mark
Total mintage: 87,374,000
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