The 1907 Indian Head Cent, a notable coin from the early 20th century, holds a special place in U.S. coin history. Produced during a time when the demand for small change was surging, this cent has become one of the more common finds for collectors today.
Despite financial turmoil due to the Panic of 1907, the U.S. Mint produced these coins in substantial numbers to meet the growing need for pennies in everyday transactions.
The economy’s reliance on small change in the early 1900s was driven by two main factors: the rising popularity of coin-operated machines that accepted pennies and an increase in goods priced at just one cent. A penny in 1907 carried more purchasing power than it does today—about 32 cents in 2024 terms.
To meet the public’s demand, Congress passed the Act of April 24, 1906, which allowed the Mint to produce pennies at any facility, though this expansion beyond Philadelphia didn’t occur until later.
The 1907 Indian Head Cent’s Market Value Today
For collectors, the 1907 Indian Head Cent offers an exciting range of values, largely influenced by its grade and color. Coins are graded on a scale, with higher grades (like MS64 and above) being more valuable.
Additionally, color plays a significant role in pricing: coins that have retained their original copper “Red” hue command higher prices, while those that have oxidized to “Red-Brown” or “Brown” shades are typically less valuable.
- G6 or Lower Grades: These lower-grade coins are quite affordable, often available for under $1, making them accessible to beginners.
- Red (RD) Coins in MS64: Coins graded MS64 with a “Red” designation range from $100 to $200.
- Red-Brown (RB) in MS64: This variation may sell for about $80 to $100.
- MS65 Grades and Above: The price of “Red” coins in MS65 and MS66 grades can exceed $400, with prices rising significantly in higher grades. The MS67 “Red” graded coins, a top-tier quality, can fetch over $20,000 due to their rarity.
The limited production of high-grade specimens means that top-grade examples are rare. Only two known coins in MS67+ condition exist, making them exceptionally desirable among collectors.
9 Most Valuable Nickels Worth a Combined $20,000+
The Design of the 1907 Indian Head Cent
The Indian Head Cent was crafted by James B. Longacre, the fourth Chief Engraver of the U.S. Mint. The obverse features Lady Liberty in a headdress, which was styled to resemble Native American attire. Contrary to common belief, this portrait was not of a Native American but rather of Liberty herself, supposedly inspired by a Roman statue that Longacre admired.
- Obverse: Lady Liberty wears a detailed headdress inscribed with “LIBERTY,” symbolizing freedom and American ideals.
- Reverse: The back of the coin showcases an oak wreath with a Union shield at the top, encircling the denomination “ONE CENT.” As the coin was struck in Philadelphia, there’s no mintmark on this edition.
- Edge: The edge is smooth, without ridges or inscriptions.
Interesting Varieties and Notable Sales
Some 1907 Indian Head Cents feature slight date variations, known as “punched date” varieties. While these differences may seem minor, they add a unique appeal for collectors.
Over the years, top-condition coins have achieved impressive prices at auction. For example, an MS67+ “Red” grade coin sold for $63,000 in 2019, showcasing the potential investment value of these high-quality coins.
1935-S Washington Quarter: Why This Coin is a Collector’s Favorite?
Coin Specifications
| Specification | Details |
|---|---|
| Country | United States |
| Year of Issue | 1907 |
| Denomination | One Cent (USD) |
| Mintmark | None (Philadelphia) |
| Mintage | 108,137,143 |
| Alloy Composition | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 grams |
| Diameter | 19.00 mm |
| Edge | Plain |
| Obverse Designer | James Barton Longacre |
| Reverse Designer | James Barton Longacre |
| Quality | Business Strike |
The 1907 Indian Head Cent remains a treasured part of U.S. numismatic history, embodying the intricate designs of the early 1900s and the minting excellence of the era. Whether you’re a novice or a seasoned collector, this coin offers a unique glimpse into American history and a valuable addition to any collection.
Editorial Note: This article was created through automated technology, with all details verified and polished by our editorial expert..