The 1908 Indian Head pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Indian Head Penny
Year: 1908
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams
The US minted the 1908 Indian Head penny with no mint mint and also the 1908 S Indian Head penny. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
| Series | Location | Quantity Minted |
|---|---|---|
| 1908 | Philadelphia | 32,326,367 |
| 1908 S | San Francisco | 1,115,000 |
Value
The 1908 Indian Head penny with no mint mark is worth around $2.50 in good condition. In very fine condition the value is around $6.50. In extremely fine condition the value is around $10. In uncirculated condition the price is around $40 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $70.
The 1908 S Indian Head penny is more rare and a lot more valuable. This coin is worth around $100 in good condition. In very fine condition the value is around $165. In extremely fine condition the value is around $205. In uncirculated condition the price is around $325 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $500.
Proof coins with no mint mark are available and they are valued at around $275 each in PR 63 condition. There were 1,620 proof coins minted.
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:
1909 Indian Head Penny
1907 Indian Head Penny
1906 Indian Head Penny