1902 Indian Head Penny Value, Error, Features, Mint Mark

The first one-cent coin for tributing the US was produced from 1859 to 1909. Mostly of coins were in larger numbers and easy to afford. The 1902 indian head penny value is also low irrespective of being more than 120 years old. Since it was made in larger numbers. So let’s get started with the 1902 Indian Head Penny Value.

1902 (P) Brown Indian Half Penny Value

There were about 87 million indian head pennies made by P mint in 1902. Still, brown pennies are of higher value than face value. A brown 1902 Indian head penny in extremely fine condition, with grade XF45, has a value of about $20.

The coin grade XF45 is circulated coins and comes with some wear signs. The brown 1902 indian head penny with MS60 grade is about fifty dollars.

Ms65 grade is about $500 at MS66. At auction in 2001 sold for $4,000 with MS60 grade.

1902 (P) Red And Brown Indian Head Penny

The red-brown indian 1902 head penny for MS64 grade is high value. It was sold for 1100 dollars in 2022. Some other grades of coin value are

• MS 61=$85
• MS 62= $110
• MS 63= $175
• MS 64= $325
• MS 65= $700
• MS 66= $2,150
• MS 67= $16,000

MS68 grade is about 125000 dollars and the auction recorded higher. The 1902 MS68 Indian head penny sold in 2022 for $144,000.

1902 Proof Indian Head Penny Value

The P mint not only made regular coins for circulation. it also made proof coins made with the use of specially made dies and planchets. These coins are made only for collectors and are best to consider.

Pr62 brown-proof pennies are 160 dollars. Brown proofs coins with PR67 grade are about $2,650.

Red and brow coins with PR61 grade to PR67+grade have a value range of 160 dollars to 5500 dollars.

Red coins value for PR63 grade is 325 dollars and for PR68 grade is 40000 dollars.

Cameo grade PR64 is about 1350 dollars. PR67 grade is about $26,000.

The high-cost 1902 Indian head red brown penny with grade PR67 sold for  $3,055 at an auction in 2018.

Pr60 grade coin is about 220 dollars for red, and brown features.

• Red PR 63 = $360
• Red PR 64 = $750
• Red  PR 65 = $1,200
• Red PR 66 =$1,600
• Red PR 67 =$10,000

PR68 grade is about 41500 dollars and sold in 2008 for 39100 dollars

History Of 1902 Indian Head Penny

The indian head pennies were created with the use of 88 percent copper and used as a replacement for the Flying Eagle pennies in 1859. Currently, coins are made with both series since the older type is made for only 2 years. The new coins were difficult due to the high prices of raw materials and manufacturing costs.

So the US Mint changed pennies’ composition and coins with 95 percent copper made in 1864. It was made as the last minting coin in 1909. The design was made by James B. Longacre and these designs are best for his work. There were a total of 87,376,72 pennies made and out of that 2,018 proof coins remaining 87,374,704 are 1902 no-mint mark penny

Features Of 1902 Indian Head Penny

Obverse Of 1902 Indian Head Pennies

The 1902 indian head pennies come with a photo of Lady Liberty on the front side with the word LIBERTY also written. Country name UNITED STATES OF AMERICA and minting date 1902 also written.

Reverse Of 1902 Indian Head Pennies

The first indian head penny design came with a laurel wreath on the back side and was replaced in 1860. So coins made in 1902 have a shield on the upper part of the oak wreath. The ONC CENT denominations are also on this side.

Some other features of the 1902 indian head penny are

• its face value is one cent and the milled technique used for creation.
• it is round-shaped coins.
• its diameter is about 19.05 mm  and made with 95% copper with zinc or tin
• its thickness is about 1.47 mm weight is about 3.11 g and its plain edge

1902 Indian Head Penny Errors

1902 Indian Head Penny Die Gouge

Die gouge coins struck with faulty coins. it occurs when a scratch dies and removes components of the surface. The result is a raised part related to the gouge on the surface of coins made with that die. Different errors come on the 1902 pennies and for checking errors check the eye of Lady Liberty. Die gouge error can easily be found it comes with a thick line on the diagonal across the lower of the eye and at Liberty’s eyebrow.

What is the value of Philadelphia 1902 Indian Head Penny?

• The value of 1902 proof indian head pennies based on grade and coloring and brown circulated coins are about $1.10 to $28.75.
• Mint state coins are $32 to $1,688. The red-brown coins are high value and have a value range of $50 to $2,200 at auctions.
• High-value coins are $90 to $13,000, based on condition with MS 68 rating they can be about $120,000 at auctions.

Where are the features of 1902 Indian Head penny?

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