The 19th century produced several U.S. pennies that have become highly sought after by collectors due to their rarity and historical significance. Owning one of these elusive coins could mean possessing a small fortune. Here are six rare pennies from the 1800s that you should look for in your collection.
1856 Flying Eagle Cent
The 1856 Flying Eagle cent holds the distinction of being a pattern coin, minted in limited quantities to showcase the new small cent design. Approximately 634 of these coins were produced, making them exceptionally rare. In average condition, they can fetch around $8,000, while those in mint state have been known to reach up to $25,000.
1864 Indian Head Penny with “L” on Ribbon
This particular variety of the 1864 Indian Head penny features an “L” on the ribbon, signifying the designer, James B. Longacre. Coins in good condition are valued at about $68, but uncirculated examples can command prices around $519. Proof versions are even more valuable, with some worth over $34,000.
1872 Indian Head Penny
The 1872 Indian Head penny is another valuable coin from the 1800s. In average condition, it’s worth approximately $80, but in mint state, it can be valued as high as $1,350.
1877 Indian Head Penny
The 1877 Indian Head penny is one of the most sought-after coins in the series due to its low mintage. In average condition, it can be worth around $725, with mint state examples reaching significantly higher values.
1888/7 Indian Head Penny
This overdate variety, where an 1888 date was stamped over an 1887, is extremely rare. A well-preserved specimen sold for $72,000 at a Heritage Auction in 2019, highlighting its significant value among collectors.
1894 Indian Head Penny
The 1894 Indian Head penny is notable for its “Red” designation, indicating a coin that has retained its original copper color. Such coins are rare due to oxidation over time. A 1909 “Red” Lincoln penny, for example, fetched over $20,000 at auction, underscoring the premium placed on well-preserved copper coins from this era.
| Coin Type | Year | Distinct Feature | Approximate Value (Good Condition) | Approximate Value (Mint State) |
|---|---|---|---|---|
| Flying Eagle Cent | 1856 | Limited mintage | $8,000 | $25,000 |
| Indian Head Penny | 1864 | “L” on Ribbon | $68 | $519 |
| Indian Head Penny | 1872 | Low mintage | $80 | $1,350 |
| Indian Head Penny | 1877 | Low mintage | $725 | Higher values |
| Indian Head Penny (Overdate) | 1888/7 | 1888 over 1887 | Significant auction values | $72,000 (auction) |
| Indian Head Penny | 1894 | “Red” designation | High auction values | Over $20,000 (similar examples) |
These rare pennies from the 1800s are highly coveted by collectors, and their values can vary based on condition, rarity, and market demand. If you possess any of these coins, it’s advisable to have them appraised by a professional to determine their true worth.
FAQs
What makes the 1856 Flying Eagle cent so valuable?
The 1856 Flying Eagle cent was minted in limited quantities as a pattern coin to introduce the new small cent design, making it exceptionally rare and valuable.
How can I identify the 1864 Indian Head penny with the “L” on the ribbon?
The “L” is located on the ribbon behind the Indian Head’s neck, next to the bottom feather. This small detail distinguishes it from other 1864 pennies.
Why is the 1877 Indian Head penny highly sought after?
The 1877 Indian Head penny had a low mintage, making it one of the rarest and most desirable coins in the series among collectors.
