* Uncirculated: An uncirculated 1904 Indian penny in excellent condition can be worth anywhere from $100 to $500.
* Extremely Fine: A 1904 Indian penny in extremely fine condition can be worth anywhere from $50 to $200.
* Fine: A 1904 Indian penny in fine condition can be worth anywhere from $20 to $100.
* Good: A 1904 Indian penny in good condition can be worth anywhere from $5 to $50.
The 1904 Indian penny is a relatively common coin, but it is still considered to be a valuable collectible. The value of a 1904 Indian penny can vary significantly depending on its condition and rarity.
Here are some of the factors that can affect the value of a 1904 Indian penny:
* Mint State: Coins that have never been circulated are considered to be in mint state and are the most valuable.
* Grade: The grade of a coin is a measure of its condition and is determined by a professional coin grading service. Coins that have been graded by a reputable service are more valuable than those that have not been graded.
* Rarity: The rarity of a coin is determined by how many were minted. Coins that are more rare are more valuable than those that are more common.
* Eye appeal: The eye appeal of a coin is a subjective measure of its beauty and condition. Coins that are visually appealing are more valuable than those that are not.
If you are interested in collecting 1904 Indian pennies, it is important to do your research and learn as much as you can about the coins and their value. This will help you to make informed decisions about which coins to buy and how much to pay for them.