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What is 1894 penny worth?

The value of an 1894 penny depends on its condition and variety. Here are the estimated values for different grades and varieties of the 1894 penny:

1. 1894 Indian Head Penny (Common Date):

- Good (G) condition: $1 - $2

- Very Good (VG) condition: $2 - $4

- Fine (F) condition: $4 - $8

- Very Fine (VF) condition: $8 - $12

- Extremely Fine (EF) condition: $12 - $20

- Uncirculated (UNC) condition: $20 - $40

2. 1894 Indian Head Penny (Repunched Date Variety):

- Good (G) condition: $20 - $40

- Very Good (VG) condition: $40 - $80

- Fine (F) condition: $80 - $120

- Very Fine (VF) condition: $120 - $180

- Extremely Fine (EF) condition: $180 - $250

- Uncirculated (UNC) condition: $250 - $400

3. 1894 Indian Head Penny (Overdate Variety):

- Good (G) condition: $200 - $400

- Very Good (VG) condition: $400 - $800

- Fine (F) condition: $800 - $1200

- Very Fine (VF) condition: $1200 - $1800

- Extremely Fine (EF) condition: $1800 - $2500

- Uncirculated (UNC) condition: $2500 - $4000

Please note: The values provided are general estimates based on market trends and may vary depending on specific factors such as mintage, condition, rarity, and demand. It's always recommended to consult with reputable coin dealers or numismatic experts for a more accurate appraisal.