The 1885 Indian Head Penny is one of the more sought-after issues in the Indian Head cent series. As part of the 1880s mintage, this coin is particularly popular among collectors, both for its historical significance and its increasing rarity in higher grades.
This guide covers the history, grading, value, and investment potential of the 1885 Indian Head Penny.
History and Background of the 1885 Indian Head Penny
Designed by James Barton Longacre, the Indian Head Penny series was in circulation from 1859 to 1909. The 1885 mintage was widely used in daily transactions, which resulted in heavy wear and a limited supply of well-preserved examples today.
- Composition: 95% copper, 5% tin and zinc
- Obverse Design: Lady Liberty wearing a Native American headdress, surrounded by “UNITED STATES OF AMERICA” and the date below.
- Reverse Design: Wreath encircling the denomination “ONE CENT”, with a shield at the top.
Grading the 1885 Indian Head Penny
The condition of an 1885 Indian Head Penny is the primary factor in determining its value. Below are the key grading categories:
Uncirculated (MS 60 – MS 70)
- Condition: No signs of wear; all details remain sharp. The original mint luster may still be partially intact.
- Value: $80+
Extremely Fine (EF 40 – EF 45)
- Condition: Very minimal wear; small scratches and slight fading on raised surfaces.
- Value: $60
Fine (F 12 – F 15)
- Condition: Moderate wear, but major design elements remain clear. Some smoothness in raised areas.
- Value: $15
Good (G 4 – G 6)
- Condition: Heavy wear; design is still visible but lacks detail.
- Value: $8
Pricing Guide for the 1885 Indian Head Penny
| Grade | Price Range |
|---|---|
| Good (G 4 – G 6) | $8 |
| Fine (F 12 – F 15) | $15 |
| Extremely Fine (EF 40 – EF 45) | $60 |
| Uncirculated (MS 60 – MS 70) | $80+ |
Investing in the 1885 Indian Head Penny
Collectors and investors seek Indian Head cents because of their historical value and increasing rarity. Here are key investment considerations:
Factors That Influence Value
- Condition – Higher-grade coins command significantly higher prices.
- Rarity – Fewer well-preserved examples exist, making high-grade coins valuable.
- Market Demand – The Indian Head series remains a collector favorite.
- Errors & Varieties – Certain errors (e.g., double die obverse) can increase value.
Where to Buy or Sell an 1885 Indian Head Penny
Online Marketplaces
- eBay – A major marketplace for both raw and graded coins.
- Heritage Auctions – Specializes in high-value numismatic collectibles.
- Great Collections – Offers a reputable platform for buying and selling graded coins.
Local Coin Shops & Coin Shows
- Local dealers can provide in-person appraisals and fair market pricing.
- Coin shows allow for direct trading and networking with other collectors.
Professional Coin Grading Services
- PCGS and NGC certification ensures authenticity and can increase the coin’s resale value.
The 1885 Indian Head Penny is an excellent coin for collectors and investors. While lower-grade examples are affordable, well-preserved specimens are significantly rarer and command premium prices. If you find one in Extremely Fine or Uncirculated condition, it could be a valuable addition to your collection.
