1898 (P) No Mint Mark Proof Indian Head Penny Value Image: pcgs Those are valued at an impressive $25,000 apiece. And the finest red pennies known to exist are two coins graded MS67+. The PCGS sets values for these for grades from MS63 upwards. The finest known red and brown 1898 pennies are graded MS67 and valued at $2,350. And a gem quality MS65 red and brown penny is valued at $385. Red and brown coins in uncirculated condition start at $80 for a coin graded MS62. Move up a point to MS66, and a coin of the same color is $400. A brown coin graded MS65 is valued by the independent coin graders the PCGS at $280. That increases to $100 at MS63.Ĭoins graded 65 and above are termed “gem quality”. A brown coin graded MS60 is worth around $65. Coins graded 60 to 70 on the grading scale are classed as uncirculated, or “mint state”. The more detail that remains on the coin, the better the condition and the more valuable it will be. (The scale goes from 1 to 70, the latter signifying a flawless coin.) That will buy you a brown coin in poorer condition, graded 3 on the coin grading scale. Today, it’s possible to pick one up for as little as $6. As you might expect, coins classified as “red and brown” fall somewhere in between.Īlmost 50 million coins were struck for circulation in 1898. All other things being equal, coins graded brown are the most affordable, while red coins are the most desirable. The value of the 1898 Indian Head penny depends on its color and condition. That didn’t begin adding its own mint marks to coins until 1942. That’s because they were all struck at the Mint facility in Philadelphia. None of the Indian Head pennies minted in 1898 carry a mint mark. Composition: 95% copper, 5% tin and zincġ898 (P) No Mint Mark Indian Head Penny, Brownġ898 (P) No Mint Mark Indian Head Penny, Red and Brownġ898 (P) No Mint Mark Indian Head Penny, Redġ898 (P) No Mint Mark Proof Indian Head Penny, Brownġ898 (P) No Mint Mark Proof Indian Head Penny, Red and Brownġ898 (P) No Mint Mark Proof Indian Head Penny, Redġ898 (P) No Mint Mark Proof Indian Head Penny, Cameoġ898 (P) No Mint Mark Proof Indian Head Penny, Deep Cameoġ898 Indian Head Penny Values and Varieties Guides 1898 (P) No Mint Mark Indian Head Penny Value Image: usacoinbook.Ready to find out more? Step this way … 1898 Indian Head Penny Details And we’ll look at what separates an ordinary penny from something that will get collectors hot under the collar. We’ll explore the 1898 Indian Head penny value, its history, and varieties.

We’re going to look at a single year’s mintage to answer that question. 1898 Indian Head Penny Values and Varieties Guides.

1898 indian head penny ms65rd