The 1870 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Indian Head Penny
Year: 1870
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
For this year there are two different varieties, coins with the shallow N in the word "ONE" and coins with the bold N. Cents from 1869 and earlier have a shallow N. Cents from 1870-1872 have either type. The values are similar for each variety.
There is no mint mark on these coins. Each coin was minted in Philadelphia.
| Series | Location | Quantity Minted |
|---|---|---|
| 1870 | Philadelphia | 5,275,000 |
| 1870 Proof | Philadelphia | 1,000+ |
Value
The 1870 Indian Head penny is worth around $75 in good condition. In very fine condition the value is around $300. In extremely fine condition the value is around $425. In uncirculated condition the price is around $655 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $750.
The 1870 Indian Head proof penny is worth around $425 in PR 63 condition.
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.
Sources:
The Red Book
See also:
1871 Indian Head Penny
1869 Indian Head Penny
1868 Indian Head Penny