What is the value of an 1874 Indian head penny?

The value of an 1874 Indian head penny can vary depending on its condition and rarity. Worn and damaged Indian head pennies are typically worth a few dollars, while uncirculated specimens in excellent condition can be worth several hundred dollars or more. The rarest 1874 Indian head penny is the Proof, of which only 200 were struck, and can be worth thousands of dollars.

Here are some factors that can affect the value of an 1874 Indian head penny:

* Condition: The overall condition of the coin is a major factor in determining its value. Uncirculated coins that show little to no wear are more valuable than worn or damaged coins.

* Rarity: The rarity of the coin is also important. Some Indian head pennies are more common than others, and the rarer ones will be worth more.

* Color: The color of the coin can also affect its value. Most Indian head pennies are reddish-brown in color, but some may have a deeper red or even a yellowish hue. Pennies with unusual colors can be more valuable.

* Mint mark: The mint mark on the coin can also add value. Indian head pennies were minted in Philadelphia (no mint mark), San Francisco (S mint mark), and New Orleans (O mint mark). Coins from the San Francisco and New Orleans mints are generally more rare than those from Philadelphia, and can therefore be worth more.

If you have an 1874 Indian head penny, it is important to have it professionally appraised to determine its exact value.