How much is a 1893 Indian Head penny worth?

The 1893 Indian head penny has affordable value and attracts different collectors. In good condition, they can be about ten dollars. The 1893 Indian Head penny is part of Indian pennies made in 1859. These coins were minted for 50 years and in 1909 replaced with Lincoln pennies that were made to celebrate the president’s birthday. In this tutorial, we will discuss the value, features, and related parameters of the 1893 Indian Head penny worth.

Coin Information

Mintage: 46,640,000
Minted at: Philadelphia (No Mint Mark)
Designer – Engraver: James B. Longacre
Metal Composition: 95% Copper – 5% Tin and Zinc
Diameter: 19 mm
Mass / Weight: 3.11 grams
1893 Indian Head penny value

1893 Indian Head Penny value Chart

Condition
1893 No Mint mark penny
Good $4.00
Very good $5.00
Fine $6.04
Very fine $9.68
Extra fine $24
AU $33
Uncirculated $60
MS 60 $71
MS 63 $97
PR 63 $302

1893 Indian Head Penny value

46,640,000 1893 Indian head pennies were made without a mint mark. These coins come with three color toning, and each has its features and value. Its color toning is brown, red-brown, and red. Their value in good condition is about 4 dollars, and uncirculated coins can get 31 dollars. Mint state coins are rare and difficult to find. The one without signs of wear in perfect condition, MS67 grade, has a value of up to 25,000 dollars.

1893 Indian head red penny value

  • A circulated brown penny is about 2 dollars, and about circulated coins can get 40 dollars. MS60 grade is 71 dollars, and MS63 is 98 dollars.
  • In good condition, these coins are about 3 dollars. EX grade coins are about 8 dollars, and MSS66 grade can be about 600 dollars.
  • The rare brown pennies have a value of up to 600 dollars. In 2001, 1893 AU50-grade coins sold for $2,990 at an auction.

1893 red-brown penny value

  • MS64 to MS66 grade, the 1893 red-brown penny can be 300 to 1300 dollars. MS66-grade red-brown coins sold in 2019 for $1,440.

1893 red penny value

  • The red 1893 penny is rare and high value. They have a value range from 400 to 2900 dollars for different grades. 1893 MS 67 Indian pennies sold for 43,125 dollars in a 2009 auction.

1893 Proof Indian Head Penny value

In 1893 the Philadelphia Mint also made proofs of coins that also did not have mint marks. 2195 coins made with prof features. For the creation of these dies, a special type of die is used so they have a shiny surface. Their value is also based on color toning.

1893 Brown Proof Indian Head penny value

  • These coins in low grade can get in 140 dollars, and high grade, like PR66, has a value of about 1300 dollars. Higher-grade PR67 coins are about 3000 dollars.
  • In the 2006 auction, the 1893 PR 66 brown Indian Head penny sold for 6325 dollars.

1893 Red Brown Proof Indian Head Penny Value

  • These pennies are rare and high value. For low-grade PR60 they can get about 200 dollars, and higher-grade PR66 is about $1,400.
  • A PR67 grade red-brown penny is about 2700 dollars. 1893 red-brown penny PR 66 grade sold for 2400 dollars in 2023.

Red 1893 Indian Head penny proof value

Red 1893 Indian Head penny proof value
PR 60 $264
PR 61 $288
PR 62 $312
PR 63 $375
PR 64 $675
PR 65 $1,300
PR 66 $3,350
PR 67 $12,500

 1893 Indian Head Penny History

The first time USA pennies were made was in 1793, which had a composition of 100 percent copper. The weight of these coins was 13.48 g. In 1856 the U.S. Mint made small-size pennies, and in 1859 Indian head pennies were made that were made until 1909. The Indian head pennies were made in replacement of the Flying Eagle coins that were stopped.
The first Indian head penny weighed about 4.67 grams, and this composition was used until 1864. The changes in composition to zinc and nickel make coins weigh about 3.11 g.
This change in coin weight makes Indian head pennies the first small-size pennies in the USA. These coins also have changes in copper content.
The composition of Indian head pennies before 1864 was 88 percent copper. The first coins did not have a wreath on the back side, but in 1860 it was added.
In 1898 an economic depression started that was called the 1893 Panic. So there were 46 million 1893 Indian pennies made by the Philadelphia Mint.
Mint Mint Mark Quantity
Philadelphia 1893 No Mint mark penny 46,640,000
Philadelphia 1893 No Mint mark penny proof 2,195
Total / 46,642,195

Features of the 1893 Indian Head Penny

 1893 Indian Head Penny Obverse

The 1893 Indian cent front side comes with Lady Liberty. The word LIBERTY is written on this side. The minting date, 1893, is also on this side of the coins.

 1893 Indian Head Penny Reverse

The design of pennies changed what was in the first coin, and Longacre redesigned the backside of the coin’s oak wreath, adding it in place of laurel. The ONE CENT denomination is also on this side of coins.

  • Some other features of 1893 Indian Head pennies are
  • Its face value is one cent and round in shape.
  • It is made with 95% copper with zinc or tin.
  • Its thickness is 1.47 mm.
  • Its diameter is 19.05 mm, and its weight is 3.11 grams with a plain edge.

Features of the 1893 Indian Head Penny

1893 Indian Head Penny Errors List

Re-punched date error

  • In the 19th century, manual dates were punched on coins, and sometimes repunched dates occurred that made RPM errors on 1893 pennies. These error coins are rare and high value, and in 2019 an RPM error coin sold for 1200 dollars.

1893 Indian Head Penny Struck-through Error

  • This error occurs during the striking of the die to the planchet when some external object is in between the strike. They make impression coins, and that can be seen with a microscope. Coins have different values for this error. Some least affected coins do not have any effect, but if coins have a larger imprint of struck-through error, it will be needed to remake.

Most Valuable 1893 Indian Head Pennies

  • 1893 red-brown Indian proof cent in PR 66 grade sold for $2,400 in 2023
  • 1893 red-brown Indian cent in MS 66 grade sold for $1,440 in 2018.
  • 1893 red RPD Indian error cent in MS 64 grade sold for $1,200 in 2019
  • 1893 red Indian cent in MS 67 grade sold for $43,125 in 2009.
  • 1893 red Indian proof cent in PR 67 grade for $12,650 in 2008
  • 1893 CAM Indian proof cent in PR 66 grade sold for $10,350 in 2009
  • 1893 brown Indian proof cent in PR 66 grade sold for $6,325 in 2006
  • 1893 brown Indian cent in AU 50 grade sold for $2,990 in 2001
  • 1893 brown RPD Indian error cent in MS 63 grade sold for $240 in 2019

1893 Indian Head Penny Grading

  • The value of 1893 Indian Head pennies is denoted as low grade. There are a larger number of coins that make these coins less rare, but some higher-grade coins are rare and high value.
Number Grade
1 Basal State-1  lowest grade
2 Fair High wear
3 Very Fair Slightly good but still heavily worn
4, 5, 2006 Good
Coin is heavily worn, having partial details for letters and other details, but some design flat
7, 8, 10 Very Good Details are readable.
12, 15 Fine
This coin is worn, but moderate leaf details are seen.
20, 30 Very Fine
The light worn has clear details, but some design merge components.
40 Extremely Fine
Slight wear on coins but details clear
50 About Uncirculated
No wear on coins and contact marks
60 to Mint State
No wear on coins having well-preserved conditions

 

FAQS

What is the value of the 1893 Indian Head Penny with no mint mark?

Value is based on color and conditions. Mint states 1893 pennies can be about 600 dollars, and red-brown coins are up to 1500 dollars. Brown’s 1893 penny in circulated conditions is about 40 dollars. The red 1893 Indian penny is about 2800 dollars.

Which is the most valuable Indian Head penny?

The 1864 Indian Head penny with error L on the Ribbon is the most valuable penny, sold for 161,000 dollars in the 2011 auction. The 1899 Indian head penny with an MS68 grade sold for 108,000 dollars. That is also a high-value coin with red toning.

What are the 1893 Indian Head penny features?

Face value One cent
Compound 95% copper with traces of zinc or tin
Coin thickness 1.47 mm
Coin diameter 19.05 mm

 

Is an 1893 penny rare?

  • These coins are more easily available than other coins, which makes these coins less rare, but some high grades are rare and high value.

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