• 1905 Indian Head Pennies

Indian Head Penny History. The origins of the Indian Head Penny can be traced back to the days when the Large-Cent coin was the only one in circulation. These coins were first minted in 1793, but faced immediate problems seeing as the US government would not allow any metals other than silver and gold to be used as legal tender. 1905 Indian Head. Discussion in 'Coin Roll Hunting' started by Newcoinboy2018, Apr 20, 2018. Newcoinboy2018 Active Member. Found this coin hunting from a mason jar of. Type: Indian Head Penny Year: 1905 Mint Mark: No mint mark Face Value: 0.01 USD Total Produced: 80,717,000 Silver Content: 0% Numismatic Value: $3 to $167.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $3, while one in certified mint state (MS+) condition could bring as much as $167 at auction.

Coin Info

1905 Indian Head cents are common coins that are often found in mixed-date rolls and bags of old copper pennies. 1905 cents are also widely available at most coin shops that deal in 19th- and 20th-century U.S. coinage. Some coin collectors buy 1905 pennies for type sets as well as to complete series collections of Indian Head pennies. 1905 cents are also often bought by non-numismatists who simply want an inexpensive example of this classic American coin.

1905 Indian Head cents were struck in substantial numbers – 80,717,011 pieces were made for circulation, and an additional 2,152 proofs made for coin collectors. The business strikes in a grade of Good-4 sell for $2 each while the proof specimens sell for $1,275 in choice condition.

James B. Longacre, who served as Chief Engraver of the United States Mint from 1844 until his death in 1869, designed 1905 Indian Head pennies. An interesting side note about these coins is that these pennies don’t actually feature an “Indian” at all. In fact, on the obverse is a Caucasian figure of Miss Liberty, modeled after Longacre’s daughter. In addition to the Indian Head penny, James B. Longacre also designed the two-cent piece, which in 1864 became the first U.S. coin to bear the words IN GOD WE TRUST.

Indian Head Penny Overview

Nearly 160 years after its first mintage, the Indian Head penny is still an incredibly popular coin and a staple of many collections.

The Indian Head penny was first struck in 1859, replacing its predecessor, the Flying Eagle cent. The Indian Head penny was only the second small cent to be created.

Like the Flying Eagle cent, the Indian Head penny was designed by James B. Longacre, who was an extremely influential figure in the design of American coinage.

The obverse of Longacre’s design features not an “Indian,” but in fact a profile bust portrait of Liberty wearing a Native American-style feather headdress. Below her neck is the year of mintage, and surrounding her head is the legend “UNITED STATES OF AMERICA.”

The reverse design originally featured a simple laurel wreath with the denomination “ONE CENT” boldly in the center. Coins with this design are referred to as Type 1 Indian Head cents. However, this design was changed in the following year.

All subsequent mintages of the cent piece have an oak wreath instead, with “ONE CENT” in the center and a union shield at the top. Both faces also feature a denticled rim, a ring of small bumps.

The composition of the Indian Head cent likewise evolved. Coins minted from 1859 to 1864 were 88% copper and 12% nickel and had a diameter of 19mm and a mass of 4.67g. Coins with this composition are Type 2 Indian Head cents.

Coins minted from 1864 to 1909, on the other hand, are composed of 95% copper and 5% tin and zinc and have a diameter of 19mm and a mass of 3.11g. Coins with this new composition belong to Type 3 of the Indian Head cents.

1909 was the final year of mintage for the Indian Head cent and saw the appearance of its successor, the Wheat penny.

History of the 1905 Indian Head Penny

Collectors consider 1905 a late mintage of the Indian Head penny. Like other late mintages, especially those in the early twentieth century, 1905 saw a rather large number of pennies struck: 80,717,011.

One proposed reason for such high mintage numbers at this time is the growing reliance on cent pieces for penny arcades, public transportation, and other such services.

Because so many coins were produced, hundreds of different dies were used for striking the pennies. As a result, there are several minor varieties for the 1905 Indian Head penny. However, these do not typically raise the premium for the coins.

At the time, these coins were only produced at the Philadelphia Mint. It was not until 1908 that Indian Head cents would be struck elsewhere. As such, there is no mint mark on 1905 pennies.

1905 Indian Head pennies are typical for coins in the series minted after 1864: a composition of 95% copper and 5% tin and zinc, a diameter of 19mm, and a mass of 3.11g.

Valuing the 1905 Indian Head Penny

Because there were so many of these coins produced, they are still quite common, even in the highest grades. As a result, their value is not typically very high.

That said, Indian Head pennies have a stable market among collectors, and the right grades can be worth a fair bit of money.

For a Good-4 to Very Good-8 grade coin, the value is $2 to $3, and Fine-12 coins are worth $4.64. This range of values is the average for 1905 Indian Head pennies.

The value increases to $6 in Very Fine-20, $10 in Extremely Fine-40, and $21 in About Uncirculated-50. Uncirculated (MS-60) grade coins are worth $38, and Uncirculated (MS-63) coins are worth $57. Proofs can be expected to bring up to $144.

Another important factor that collectors use in valuing Indian Head cents (and copper coins in general) is the color. There are three designations: Brown, Red-Brown, and Red or Full Red. Full Red is the most desirable and valuable color.

This color designation can make quite a difference in value. Whereas a Brown 1905 MS-65 Indian Head is valued at $175, the same coin in Red-Brown is worth $270, and in Red it is worth $750. A Full Red MS-67 Proof is valued at $10,000!

1901 Indian Head Penny Value

Unfortunately, Full Red coins almost exclusively exist in the highest grades, so they can be difficult to get your hands on. Still, if you think you have such a coin, it would be worthwhile to have it professionally graded by a service such as NGC.