1893 Indian Head Penny
The 1893 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Indian Head Penny
Year: 1893
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
There is no mint mark on this coin. Each coin was minted in Philadelphia.
1893 Indian Head pennies were designed by James B. Longacre, who served as the Chief Engraver of the United States Mint from 1844 until his death in 1869. In addition to designing the Indian Head penny in 1859, he also designed the two-cent piece. In 1864, that became the first U.S. Coin to bear the motto IN GOD WE TRUST. 1893 Indian Head Penny As part of the second to last decade of Indian Head minting, the 1893 edition is a must-have for any and all collectors. Because these coins are part of the “newer” generation of Indian Heads, they are not quite as difficult to find as some of their earlier counterparts.
| Series | Location | Quantity Minted |
|---|---|---|
| 1893 | Philadelphia | 46,640,000 |
| 1893 Proof | Philadelphia | 2,195 |
Value
The 1893 Indian Head penny is worth around $3 in good condition. In very fine condition the value is around $8. In extremely fine condition the value is around $20. In uncirculated condition the price is around $60 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $80.
The 1893 Indian Head proof penny is worth around $150 in PR 63 condition.
1893 Indian Head Penny Value
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Grading System
Good- The word 'LIBERTY' inscribed on Liberty's headband is not visible.
Very fine- The word 'LIBERTY' inscribed on Liberty's headband is visible but there is slight wear.
Extremely fine- The word 'LIBERTY' inscribed on Liberty's headband is sharp. The other details on the coin are also sharp. There is slight wear on the end of the ribbon.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
1903 Indian Head Penny
Sources:
1897 Indian Head Penny
See also:
Rare 1893 Indian Head Penny
1894 Indian Head Penny
1892 Indian Head Penny
1891 Indian Head Penny