Throughout the coin mintage in the United States, the Indian head penny is one of the most popular series. Despite its age and collectability, the 1907 Indian Head penny isn’t as valuable as you would probably think. Variant coin pieces that are highly-rating can cost tens of thousands of dollars.
The 1907 Indian Head pennies are over a hundred years old and are abundant on the coinage market. In average condition, a 1907 Indian Head penny is worth $3.30, whereas Uncirculated Indian Head pennies in Mint state condition have an estimated value of $42 up to $63. Read further for more in-depth information about the 1907 Indian Head Penny.
Table of Contents
- 1 How Much is an Indian Head Penny 1907 Worth?
- 2 Overview of 1907 Indian Head Penny
- 3 Historical Background
- 4 1907 Indian Head Penny no Mint Mark
- 5 1907 Indian Head Penny Error
- 6 Factors Affecting the Value of the 1907 Indian Penny
- 7 How to Identify Valuable 1907 Indian Head Penny
- 8 Where to Buy and Sell Valuable 1907 Indian Head Penny
- 9 Is a 1907 Penny Rare?
- 10 What Year Indian Head Penny is Worth the Most?
- 11 Which Indian Head Pennies are Worth Money?
- 12 Where is the Mint Mark on a 1907 Indian Head Penny?
- 13 Conclusion
How Much is an Indian Head Penny 1907 Worth?
The 1907 Indian Head penny is estimated at $3.30 in average condition. Uncirculated (MS+) Mint Condition pennies value at approximately $42 to $63. Proof coins can fetch $160 or more. Here is a value chart showcasing the coin’s worth under different conditions;
| Condition | 1907 Indian Head Penny |
| Good | $2.28 |
| Very good | $3.30 |
| Fine | $5.13 |
| Very fine | $6.64 |
| Extra fine | $11 |
| AU | $23 |
| Mint State 60 | $42 |
| MS 63 | $63 |
| Proof 63 | $160 |
Related: 1899 Indian Head Penny Value
Overview of 1907 Indian Head Penny
- Year: 1907
- Designer-Engraver: James B Longacre
- Mintage: 108,137,143
- Metal Composition: 95% Copper and 5%Tin and Zinc
- Weight: 3.11 grams
- Diameter: 19 mm
- Melt value: $0.0274
The 1907 Indian Head penny is a beautiful old coin. Large numbers of the 1907 Indian series still exist; most come in heavily worn condition. However, collectors seek to add it to their collections while endeavoring to find elusive and avid top-condition pieces.
Related: Nickels Worth Money – Exploring the History and Worth of America’s Smallest Coin
Here is a video portraying the penny’s value.
Historical Background
The Philadelphia mint produced the Indian Head pennies from 1859 to 1909. The Indian head penny was the second small-size penny that replaced the mintage of the Flying eagle penny. Chief engraver J. Barton Longacre initiated the design of the coin.
The initial idea was to create a coin representing an Indian Chief, but the obverse integrated Lady Liberty wearing a headdress.
Initially, the reverse incorporated a laurel wreath, which later got replaced with an oak wreath in 1860. In 1864, the metal composition was altered to increase copper percentage and replace nickel with tin/zinc. Later, during the century’s transition, the Indian Head penny mintage increased to help meet demands.
In 1907, a total of 108,138,618 coins left the mint factory. It was the highest production of the Indian Head penny series. Most of these pennies are damaged, and only some are available in mint state.
Related: Dimes Worth Money – The Small Coins with Big Value
1907 Indian Head Penny no Mint Mark
- Face value: $0.01
- Shape: Round
The Philadelphia mint produced the 1907 Indian Head penny without a mint mark. The mint released both regular strikes and a few proofs. Over 108 million pieces left the factory in 1907, making it the largest mintage of the series. These coins are readily available and are prominent among startup collectors.
On the obverse, the beautiful copper coin depicts an American Indian image wearing an original headdress. The imagery character portrait is positioned at the center, surrounded by the words UNITED STATES OF AMERICA. Along the bottom rim comes the struck DATE 1907.
On the reverse, the coin integrates the denomination ONE CENT at the center plus a shield on the top. The elegant reverse has a richly interlaced oak wreath on the rim. It also has three arrows at the base tied with a stylish ribbon.
The 1907 Indian head penny has a diameter of 1.75 inches with a thickness of 0.03937 inches. The one-cent 1907 head penny is lighter, encompassing 0.10970 ounces. The worth of the 1907 Indian head penny depends on the condition. Coins in pristine condition bring more dollars than other coins in poor condition.
Related: What Quarters Are Worth Money? List of Rare Quarters
1907 Indian Head Penny Error
Apart from color variations, it can be tricky to find imperfections on any 1907 Indian head penny. An error on the Indian head penny makes them rare specimens. Here are possible errors:
- 1907 Indian Head Penny Error 7 (Repunched Date)
Some 1907 Indian head pennies feature double minting errors, especially on date digits. The doubling effect is visible in the number 7. Such imperfection is visible under a magnifying glass. Pieces integrating re-punched errors are scarce and can cost at least four times the regular coin value. Watch the video to see these errors.
- Missing Letters
Some 1907 head pennies may have missing letters in inscriptions. However, you must carefully differentiate between a worn-out piece and an error. Such errors require an expert to determine the rarity.
Pennies with this kind of rarity cost as much as $1000.
- Die Cud
A die cud is a die defect variation with a raised metal part. It’s an occasional unintentional bump appearing on the surface because the die had a gouge which was metal filled during mintage. 1907 Indian head penny has a premium value depending on the error size.
Related: The 1903 Indian Head Penny Value, History, Mint & Error List
Factors Affecting the Value of the 1907 Indian Penny
Various 1907 Indian pennies are valued differently within the coinage market. Here are common factors influencing their worth:
- Condition
The condition of your coin is crucial to discovering a valuable collectible. The price of the 1907 Indian penny depends on the preservation level. High-quality specimens fetch higher prices on the coin market. Coins with no wear interruptions have bold and intricate designs; thus, their value is above $30.
- Rarity
Despite most 1907 Indian head pennies existing in a worn-out state, some of them encompass rare errors influencing their value. Pennies with rare errors fetch higher dollars than regularly struck pennies.
- Demand
The 1907 mintage of the Indian head penny series was the largest production releasing over 108 million pieces. Due to the abundance in the collection, collectors place a low value on worn coins. The demand for uncirculated 1907 Indian Head penny influences its cost.
- Provenance
These pieces symbolize America’s westward expansion. Due to their historical significance and age, the 1907 Indian head pennies are favorable collectibles among collectors. Most coin dealers and collectors are willing to enrich their collections with these cents.
Related: 1901 Indian Head Penny Value
How to Identify Valuable 1907 Indian Head Penny
Finding pennies in perfect condition can be challenging. However, well-preserved coins are valuable. You can recognize such pennies via coloration. Red-toned specimens are premium and valuable collectibles in the market. Additionally, Special details remaining within the headband and feathers can indicate valuable Indian Head pennies.
All coins are worth a close examination; therefore, by using a magnifying glass, expert collectors can help evaluate particular coinage. Professional Coin Grading Service (PCGS) and Numismatic Guaranty Company (NGC) will aid in grading and certification. The grading services will also provide reference materials and price guides for various nickels. Grading images and descriptions aid in the identification of accurate penny value.
Related: 1902 Indian Head Penny Value – Significance & Collectability
Where to Buy and Sell Valuable 1907 Indian Head Penny
Suppose you seek to enrich your collection with valuable American coinage. In that case, you can purchase several pieces of 1907 Indian penny for an affordable price at online coin markets such as eBay and Etsy. Various auctioneers and coin dealers also conduct the auction and open sales for pristine pennies.
Is a 1907 Penny Rare?
No. Despite its age, the 1907 Indian Head penny isn’t a rare coin. The rarest 1907 Head penny is the highest-grade piece with desirable red toning. Such premium coins fetch high prices at auctions.
What Year Indian Head Penny is Worth the Most?
The 1877 MS 66 Indian Head Penny is the priciest piece ever sold. The 1877 series sold at an auction for $149,500 in 2007.
Related: The 1904 Indian Head Penny Value, History, Mintage & Error List
Which Indian Head Pennies are Worth Money?
Indian Head pennies with rare dates and better condition are worth more than regular struck coins. Production of the Indian head pennies took place from 1859 up to 1909. Therefore, coin collectors deem some collectibles more worthy than others. Here are examples of the most valuables Indian Head pennies ever struck:
- 1870 Bold N ($540-$940)
- 1871 Shallow N ($850-$1,000)
- 1909-S ($1,100-$1,200)
- 1877 Cent ($4,200-$5,000)
- 1869 9 Over 9 ($1,000-$1,200)
Where is the Mint Mark on a 1907 Indian Head Penny?
Since most pennies emerged from the Philadelphia mint, they had no mint mark. The Philadelphia mint struck proof and regular pennies without a mint mark.
Conclusion
The 1907 head penny is a very popular collectible. Most Indian Head pennies struck in 1907 are worn-out and cheap, and their worth depends on preservation level and rarity. Red-brown pieces in mint state are precious in the coinage market. The most valuable 1907 Indian Head penny is valued at as much as $1800, whereas the rarest MS 67 grade can be worth up to $24,000.
