The 1886 Indian Head Penny stands out among the 1880s issues due to its two distinct varieties: Type I and Type II. While both types are collectible, the Type II variety is rarer and tends to be more valuable, especially in higher grades.
Collectors and investors alike seek these coins not only for their historical significance but also for their scarcity in well-preserved conditions.
History and Background of the 1886 Indian Head Penny
Designed by James Barton Longacre, the Indian Head Penny was produced from 1859 to 1909. The 1886 edition saw two different reverse designs, which makes it a particularly interesting year for collectors.
Differences Between Type I and Type II
- Type I (Old Style):
- The last feather in Lady Liberty’s headdress points between the I and the C in “AMERICA.”
- More common than Type II.
- Type II (New Style):
- The last feather points between the C and the A in “AMERICA.”
- Scarcer than Type I, making it more desirable.
Grading the 1886 Indian Head Penny
The condition of an 1886 Indian Head Penny is the most important 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: $175 – $220
Extremely Fine (EF 40 – EF 45)
- Condition: Very minimal wear; small scratches and slight fading on raised surfaces.
- Value: $125 – $175
Fine (F 12 – F 15)
- Condition: Moderate wear, but major design elements remain clear. Some smoothness in raised areas.
- Value: $20 – $25
Good (G 4 – G 6)
- Condition: Heavy wear; design is still visible but lacks detail.
- Value: $6 – $7.50
Pricing Guide for the 1886 Indian Head Penny
| Date & Type | Good (G 4 – G 6) | Fine (F 12 – F 15) | Extremely Fine (EF 40 – EF 45) | Uncirculated (MS 60 – MS 70) |
|---|---|---|---|---|
| 1886 Type I | $6 | $20 | $125 | $175 |
| 1886 Type II | $7.50 | $25 | $175 | $220 |
Investing in the 1886 Indian Head Penny
Collectors and investors seek high-grade specimens due to their rarity and historical importance. Here are some key investment considerations:
Factors That Influence Value
- Type I vs. Type II – Type II is significantly rarer and commands higher prices.
- Condition – Higher-grade coins command significantly higher prices.
- Market Demand – The Indian Head series remains a collector favorite.
- Certified Coins – Coins graded by PCGS or NGC generally sell for higher prices than raw coins.
Where to Buy or Sell an 1886 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 1886 Indian Head Penny is a must-have for collectors, especially in higher grades. The Type II variety is particularly sought after due to its rarity and increased value. If you find one in Extremely Fine or Uncirculated condition, it could be a valuable addition to your collection.
