How much is a 1906 Indian head penny worth

The value of the 1906 Indian head penny is about three dollars in average conditions and in the mint state can be about 165 dollars. These pennies are older and can have a value of hundreds to thousands of dollars. In some conditions, these coins are considered rare and have a high value. Here 1901 Indian penny value, features, and errors will be covered. Let’s get started with How much is a 1906 Indian head penny worth?

History Of 1906 Indian Head Penny

The Indian head penny was made by James Barton Longacre. These coins are also known as India head cent and they are historically important based on creation in 1858. The cent was made with the use of 90 percent silver had a larger size than half a dollar before 1858. Due to high prices of copper it becomes difficult for mint to make coins with copper. As a result, it decreases copper composition in coins to 88 percent and 12 percent used nickel with that size of coins also reduces. The mint also changes the design of Flying Eagle Cent. In 1858 it was found that the flying eagle design was difficult to make so mint found an alternative. So the design Indian head was added on the front side of coins and a laurel wreath on the back side replacing the oak wreath in 1860. The US Mint made about 96,022,255 in 1906 and in 1907 made 100 million coins.

  • It is part of Indian Head Pennies made with 95% copper, 5% tin, and zinc
  • Its weight is 3.11 grams
  • About 90 million coins made
  • Its design was made by James Barton Longacre and its diameter is 19 millimeters.

How much is a 1906 Indian head penny worth

Features Of 1906 Indian Head Penny

Obverse Of 1906 Indian Head Penny

The front side of the 1906 head penny has a photo of an allegorical lady Liberty donning traditional Indian headgear and design made by Longacre. With that on the front side of coins, there are words UNITED STATES  over the right internal rim and the word  OF AMERICA on the left inner rim. The mint date is also written along the rim.

Reverse Of 1906 Indian Head Penny

The back side of the 1906 Indian head penny comes with a union shield at the upper part that is a symbol of peace and shows unity during the Civil War. Two oak wreaths are on the left and right side and connected at the lower part with the use of ribbon. The larger number of arrows protruding through the ribbon knot shows the readiness to defend the country from enemies.  The ONE CETN denomination is shown in the center of the coins.

Some other features of the 1906 Indian head penny are

  • The diameter of an Indian head penny is about 19mm and its weight is 3 grams.
  • it is made with the use of ninety-five percent copper and five percent tin and zinc and have a plain edge.

1906 Indian Head Penny Value Chart

1906 Indian Head Penny Value Chart

The value of the 1906 Indian head is about one cent. Curently they are valued higher than face value in poor condition. In extremely fine condition they are about ten dollars. In mind state, they can be sold for hundreds to thousands of dollars.

  • Poor= $0.50 to $1
  • Fair = 1 dollar
  • about good condition= 1.50 dollar
  •  Good=2 dollar
  • very good=3 dollar
  • fine= 3 to 4 dollar
  • very fine= 6 dollars
  • XF= 10 dollar
  • Uncirculated=$25 – $40
  • MS (60 to 63)=$40 – $90
  • MS64+=$100 to $2,000 +

1906 Proof Indian Head Penny Value

The 1906 Indian head pennies were made in the proof category. Proof coins are made specially for collectors and not for business users such as normal coins used. Proof coins come with a mirror-like finish and higher value than nonproof coins. Like the no-mint Mark pennies made in 1906, the proof Indian pennies were also made by P mint. These coins were about one thousand to three thousand. The vaue of proof 1906 pennies is high that can be 160 dollars. In perfect condition, they are sold for about $21,000!

1906 Indian Head Penny Error Coins

 Double Strike With Flip-Over Error

In this error, coins are struck two times with a die. But these coins not just struck two times but flipped over before getting 2nd struck. In this error at photo face, word ONE is on the opposite side of the coins. Coin with a double strike and flip-over error sold for 690 dollars in action. The 1906 Indian penny with only a double-struck error sold for twenty dollars.

 Repunched Date Indian Head Penny Error

This error occurs when the number is punched in a working die having different numbers. In this condition minting person tries to punch number six in a die having number five. If the die strikes planchet number six in the year date is like it filled since punched over the number five on the working die. 1906 re-punched date indian head penny error have value about two fifty dollars based on condition. Grades coins can have high value can be have value about four hundred dollars.

 Double Die Obverse error

Dies are used to add designs and letters to coins. if the die is old or has a mark on the surface and planchet can struck more than one time causing the double die error. This error can easily seen on the front side of 1906 Indian head pennies.

1906 Indian Penny Double Date Error

This error occurs when the die strike date is two times and the doubling date effect can seen on the soin mint date 1906. This error can be like the blurred date that can exist with time due to wear on coins.

How to  Find 1906 Indian Head Penny?

These coins can be obtained from coin collectors’ auctions and online platforms like eby etc.

Should you clean old 1906 Indian head pennies?

No the cleaning of a coin can affect its quality and damage it. with that reduced value. So used old coins in their original condition and did not clean them to save their appearance.

What Is the Composition Of 1906 Indian Head Penny?

The 1906 Indian head pennies are made with the use of 95 percent copper and five percent zinc.

This coin has a plain edge and is made with (1859–1864) 88% copper, 12% nickel (1864–1909) 95% copper, 5% tin, and zinc.

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How many 1906 Indian head pennies were minted?

96,020,530 normal coins and 1725 proof Indian head pennies made in 1906 by P mint. It is 2nd highest number of coins made after the 1907 year

How to Tell an Indian Head Penny Is Real?

First of all, check the shape of numbers and letters on coins. normally these coins’ appearance is distorted and older fashion that is a symbol of fake indian penny. Must check the quality of the planchet and the color of the coins. The best planchet must be eve and solid with no hollow design.

Where Is Mint Mark On A 1906 Penny?

The 1906 Indian head pennies do not have a mint mark. These coins made by P mint and coins minted by Philadelphia do not have mint marks.

Is  1906 Penny Rare?

The 1906 indian head penny is not rare. There were 90 million pennies made in a day. The coins in good condition are taken by collectors. So they are not easy to find.

Which Indian head pennies are worth the money?

10 Most Valuable Indian Head Pennies are

  • 1870 Bold N =$540 – $940.
  • 1870 Shallow N =$590 – $1,000
  • 1872 Shallow N= $1,000 – $1,300
  • 1877 = $4,200 – $5,000
  • 1888 Last 8 Over 7= $24,000 – $38,000
  • 1873 Double Liberty= $8,300 – $14,000
  • 1871 Shallow N =$850 – $1,000
  • 1894 Double Date =$600 – $1,200
  • 1909-S =$1,100 – $1,200
  • 1869 9 Over 9= $1,000 – $1,200

How much is a 1906 Indian Head Pennyworth?

  • In good state, its value is two dollars and in XF condition is 10 dollars.

What is the oldest Indian Head Penny?

The indian head penny made from 1859 to 1909 is very famous in us history. That is about more than 150-year-old indian head pennies.

 

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