1904 Indian Head Penny Value Guide

The 1904 Indian Head Penny is a classic piece of American numismatic history, featuring James B. Longacre's iconic design of Lady Liberty in a Native American headdress. As one of the final years of the series before the Lincoln Cent transition, it remains a staple for collectors seeking late-era copper cents.

What Is 1904 Indian Head Penny Worth?

The typical price range for 1904 Indian Head Penny is $5 - $5 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Overall wear on the high points of the headdress feathers and Lady Liberty's hair.
• The presence of original mint luster or 'red' color versus brown oxidation.
• Surface marks, scratches, or signs of cleaning which can significantly decrease market value.
• Sharpness of the 'LIBERTY' letters, which is a primary indicator of the coin's grade.

How to Identify 1904 Indian Head Penny?

• Look for the 'LIBERTY' inscription clearly visible on the headband of the headdress.
• Verify the reverse features an oak wreath with a small shield at the top.
• Confirm the composition is 95% copper, giving it a distinct reddish-brown or chocolate patina.
• Check for the date '1904' centered at the bottom of the obverse side.

History of 1904 Indian Head Penny

The Indian Head Penny, also known as an Indian Head Cent, was produced by the United States Mint from 1859 to 1909. It was designed by James B. Longacre, the Chief Engraver at the Philadelphia Mint. The coin's design features Lady Liberty in a Native American headdress on the obverse and a wreath with a shield on the reverse. This iconic coin succeeded the Flying Eagle Cent and was eventually replaced by the Lincoln Cent in 1909.