There are approximately 200 million Indian Head pennies that were minted in 1920, making it a rather common coin. While the value of these coins can vary based on their condition and wear, most 1920 Indian Head pennies are worth around $1 to $2.
Here is a breakdown of the values for different grades of the 1920 Indian Head penny:
* Good: $1 to $2
* Very Good: $2 to $4
* Fine: $5 to $8
* Very Fine: $10 to $15
* Extremely Fine: $20+
* Uncirculated: $100+
Additionally, certain errors and varieties of the 1920 Indian Head penny can command higher values. For example, a 1920 Indian Head penny with the "S" mint mark is considered a rare variety and can sell for hundreds or even thousands of dollars.
As always, it is important to consult with a reputable coin dealer or appraiser to get an accurate valuation of your 1920 Indian Head penny.