1. Mint Mark: The mint mark on a 1902 penny indicates the mint that produced the coin. Pennies minted in Philadelphia (no mint mark), Denver (D), or San Francisco (S) can have different values.
2. Condition: The overall condition of the penny plays a significant role in determining its value. Factors such as wear and tear, scratches, and luster affect the coin's grade and thus its value.
3. Variety: There are several varieties of the 1902 penny, each with its unique characteristics. Some notable varieties include:
- Indian Head Cent: The most common variety of 1902 penny features the "Indian Head" design by James B. Longacre. The value of an Indian Head penny can range from a few cents to hundreds of dollars, depending on its condition and variety.
- Lincoln Head Cent: The Lincoln Head penny was introduced in 1909, so there is no 1902 Lincoln Head penny.
It is important to consult with experts or refer to reputable coin price guides to determine the accurate value of a specific 1902 penny.