Condition: The overall condition of the coin is crucial in determining its value. Factors such as wear, scratches, and corrosion can significantly impact the price. Coins in mint state (MS) or near mint state (MS+) command higher prices than those in circulated condition.
Rarity: The rarity of a particular date and mint mark combination plays a significant role in its value. The 1873 Indian Head Penny is relatively common compared to some other dates, but certain mint marks can be scarcer and more valuable. For example, pennies minted at the San Francisco (S) mint in 1873 are less common than those from other mints.
Errors and Varieties: Errors and varieties can add significant value to an 1873 Indian Head Penny. These include coins with die cracks, doubled dies, off-center strikes, and other minting irregularities.
Overall, the value of an 1873 Indian Head Penny can range from a few dollars for well-circulated examples to several hundred dollars or even thousands of dollars for rare and high-grade specimens.
It is recommended to consult reputable sources, such as coin grading services or professional numismatists, to accurately determine the value of an 1873 Indian Head Penny or any other collectible coin.