The 1886 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Indian Head Penny
Year: 1886
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The Indian Head penny was slightly redesigned in 1886. So for this year there are two types of pennies- type 1 and type 2. These changes were very minor so it's difficult to tell the different between the two types unless you know what to look for. On the type 1 coins the bottom feather on the obverse side points between the I and C in the word "AMERICA". See the image below to spot the difference.
Proof coins were minted in both types. Proof coins are essentially coins that have more detail. They are minted on special planchets and it takes longer to produce them. They are specifically made for collectors.
There is no mint mark on these coins. Each coin was minted in Philadelphia.
| Series | Location | Quantity Minted |
|---|---|---|
| 1886 | Philadelphia | 17,650,000 |
| 1886 Proof | Philadelphia | 4,290 |
Value
The value is going to depend on the coin's type and its condition. Below we will review the two different varieties.
Type 1 Coins
The 1886 Indian Head type 1 penny is worth around $11 in good condition. In very fine condition the value is around $80. In extremely fine condition the value is around $100. In uncirculated condition the price is around $225 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $275.
The 1886 Indian Head type 1 proof penny is worth around $300 in PR 63 condition.
Type 2 Coins
The 1886 Indian Head type 2 penny is worth around $13 in good condition. In very fine condition the value is around $110. In extremely fine condition the value is around $200. In uncirculated condition the price is around $300 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $550.
The 1886 Indian Head type 2 proof penny is worth around $500 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:
1887 Indian Head Penny
1885 Indian Head Penny
1884 Indian Head Penny