With over one-hundred million 1907 Indian Head pennies produced, this iconic coin broke minting records and truly demonstrated the power of the U.S. Mint. Small coins made purchasing daily goods like food and transport easier, and it also opened up more opportunities to spend on leisure and entertainment.
The Rise of Penny Arcades
During the 1910s, a booming economy was met with more leisure activities for people to spend their pennies. Coin-operated games, called penny arcades, began springing up across the country. People all across the country used their Indian Head pennies for fortune-teller games, love-meters, shooting games, and early pinball machines.
1907 Indian Head Penny Values
The 1907 Indian Head penny was produced at record numbers, which in turn affects its value. A 1907 Indian Head penny, on average, usually goes for around two dollars - but for discerning collectors, they are usually on the hunt for a mint condition coin. A mint condition 1907 Indian Head penny can be worth up to forty dollars, and is marked by its copper shine and distinct engravings.
Type of coin: Penny
Year: 1907
Mint Mark: No mint mark
Total mintage: 108,137,000
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