History quiz

What is the value of an 1889 US penny?

An 1889 US penny, also known as an Indian Head penny, has a copper composition and does not contain any significant traces of silver, contrary to the common belief. Its value primarily depends on its condition and rarity. An 1889 Indian Head penny in average circulated condition is typically worth around 10 to 20 cents.

However, certain factors such as mint marks, preservation status, and variety type can significantly affect its value. Here's a breakdown of the value range for various conditions and types of 1889 Indian Head pennies:

1. Circulated 1889 Indian Head Penny:

- Good Condition: 10-15 cents

- Fine Condition: 15-20 cents

- Very Fine Condition: 30-40 cents

- Extremely Fine Condition: 45-60 cents

2. Uncirculated 1889 Indian Head Penny:

- MS-60 (Mint State): $1.00 - $1.50

- MS-63 (Mint State): $3.00 - $4.00

- MS-65 (Mint State): $5.00 - $7.00

Please note that these values are approximate and can vary depending on market conditions and the specific characteristics of the coin. It is recommended to consult with coin experts or reputable coin dealers to obtain a more accurate valuation of an 1889 Indian Head penny.