Indian Head Penny Value
The wheat penny is a classic iconic early 21st century American coin with a face value of 1 cent that was minted from 1909 to 1956.
That said, Indian Head pennies have a stable market among collectors, and the right grades can be worth a fair bit of money. For a Good-4 to Very Good-8 grade coin, the value is $2 to $3, and Fine-12 coins are worth $4.64. The 1909-S Indian Head pennies are quite scarce and, actually, were struck in small quantities than that mint’s more widely known 1909 production, the 1909-S VDB Lincoln cent. Here’s a look at the mintages and values for 1909 Indian Head cents: 1909 (Philadelphia), 14,370,645; $10.
On a personal note we just love searching penny rolls for wheat and indian head pennies. Wheat pennies are still readily found in circulation and because of the relative price of just $25 for a box of these coins, they are cheap and will keep the coin roll searcher on his or her toes.
The Wheat Penny is also known by colelctors as the Wheat Cent. The coin is made out of mostly copper, but steel versions of the coin were issued during World War II.
In 1909 there were V.D.B. and Non V.D.B. marked pennies. VDB were the engraver Victor David Brenners initials. Victor Brenner was a United States sculptor and engraver whos most widely known for...you guessed it...the Penny :) The initials can be found on the reverse of the 1909 coin only. In 1918 they would be added much smaller to the front of the coin near Lincolns shoulder.
All Wheat Pennies are worth more than their face value of .01 cent. A good rule of thumb is that they are worth at least 3 or 4 cents even in poor condition, but those in good condition (not including special years) are worth at least double digit dollars ($10 or more) when purchased or sold in MS-63 condition. Findong a circulated coin in MS-63 is a long shot. You may get lucky and find your Grandma's stash, or maybe pick one up from a bank teller that just got dumped off during the holidays however. So keep your eyes out for a pretty one!
So what are they worth? Well choose a date below and a mint mark and explore for yourself, and be sure to pick up a few rolls of pennies next time you are at the bank.
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All US Dollar Coins
- *list does not count the newer Presidential Dollars
