Did you know that some pennies from the 1800s can be worth a lot of money? Since the U.S. Mint first made smaller-sized pennies in 1856, many different types, errors, and other features have affected how much these coins are worth. If you ever come across an old penny in good condition, collectors might pay big bucks to add it to their collections. Here are six of the most valuable pennies from the 1800s:
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1. 1856 1C Flying Eagle Penny
Although the smaller penny was officially minted for circulation starting in 1857, a few hundred proofs were made in 1856 for members of Congress to review. This penny, made in Philadelphia, has a tiny mintage of only 634 coins. In average condition, it could be worth around $8,000, while a perfect condition coin might fetch $25,000!
Auction record: $172,500
2. 1864 1C L on Ribbon, RD
The 1864 Indian Head penny features an “L” on the ribbon behind the Indian Head. In good condition, this penny is worth about $68, and an uncirculated version could be around $519. A Proof coin can be valued at over $34,000!
Auction record: $34,075
3. 1871 1C, RD
The 1871 Indian Head penny is part of a popular series minted between 1859 and 1909. An average condition penny is worth about $60, but one in mint state could go for as much as $875.
Auction record: $60,375
4. 1872 1C, RD
This penny, also from the Indian Head series, was minted in Philadelphia and has no mint mark. An average condition coin could be worth around $80, while one in mint state could be valued at $1,350.
Auction record: $126,500
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5. 1873 1C Closed 3, RD
You can spot the “Closed 3” variety by the thicker 3 in the date. This unique feature makes it look a bit like an 8! An average condition coin is only worth around $20, but if it’s in mint state, it could be worth up to $10,000. Proof coins are even more valuable.
Auction record: $54,625
6. 1888/7 1C, RB
The 1888 over 7 Indian Head penny is one of the most sought-after varieties. The 8 was struck over a 7, leaving traces of the 7 visible. This makes it a fascinating find for collectors, though very few are in uncirculated condition.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.