1909 Indian Head Penny Value: "S", no mint mark, rare errors (2023)

The Indian Head penny was minted for half a century between 1859 and 1909 before it was eventually replaced by the Lincoln penny - the first US coin to bear the face of a US president. Although its run ended more than a century ago, the Indian head penny holds a very special place in modern numismatics thanks to its rarity and historical significance.

This is especially true of the 1909 Indian Head penny, as this was both the last year of mintage of the coin and a year of relatively few mintages, as it was also the year in which the first Lincoln pennies were minted.

So if you've got your hands on a 1909 Indian Head Penny and are wondering what to do with it or thinking about adding one to your collection - here's what you need to know about it.

1909 Indian Head Penny værdidiagram

Like MarkGutlivedExtremely fineuncirculated
1909 No mint mark Indian Head Penny Value4 to $7.20$7 to $14.40$15 to $40$46 to $7,250 and up
1909 No Mintmark Proof Indian Head Penny Valuen/An/A$110 to $1,110$700 to $18,000 and up
1909 "S" Indian Head Penny Value$235 to $312$315 to $510500 $ bis 1.063 $$860 to $60,000 and up

Although their face value was only one-hundredth of a dollar and they weren't even made of silver or any other precious metal, 1909 Indian Head pennies can easily sell for thousands or even tens of thousands of dollars today. Of course, those that do must be of the highest possible physical quality, which usually means that they must never have been widely distributed.

But even those pennies that have seen some circulation but have still been kept in good condition can sell for hundreds of dollars or just over $1,000, especially if there is something particularly rare or significant about them.

1909 No mint mark Indian Head Penny Value

1909 Indian Head Penny Value: "S", no mint mark, rare errors (1)

1909 unminted Indian Head pennies were produced by the Philadelphia Mint. In that year, as in the previous half-century, the Philadelphia Mint was the primary—and almost the only—U.S. mint producing these coins. So the lack of a mintmark, though it may seem extraordinary, was actually the norm for Indian head money.

The mintage of these coins in 1909 was relatively low for the series - only 14,368,470 regular coins plus a small number of proofs, which we will mention separately below. At the time, a circulation of only about 14 million cents was the lowest circulation produced in Philadelphia since 1885.


Since the US Mint also made over 100 millionLincoln-PennysThis year — the first year Lincoln pennies were minted — the low numbers for the final Indian Head penny series are not surprising. In many other years and with many other coins, the minting would even have been stopped in the previous year.

Does all this mean that the unminted 1909 Indian Head penny is particularly rare? Not really. While 14 or so million coins is a smaller payout than usual, it's still a pretty significant number. Also, the fact that unmarked Indian Head pennies were the norm for half a century means there were plenty of them, though mostly from different years.

So the only significant thing about this coin is that 1909 was the last year of its mintage. In every other aspect, from its components to its design, the immense 1909 Indian Head Penny is identical to most of its predecessors.

1909 Indian Head Penny Feature

To give you a brief overview of the design of this coin, when you first see a Native American head, it weighs only 3.11 grams, is 19mm in diameter, and is 95% bronze with only some zinc or tin, and has a smooth edge.

Both the obverse and reverse of this coin are designed byJames B. Longacre. The obverse shows Lady Liberty's head facing left with a Native American headdress on top. Just below the head is the year of publication - in this case 1909 - and around it is simply "United States of America".

The back also has a fairly clean and simple design. In the center is the value of the coin of "One Cent" in capital letters. This text is surrounded by a large oak wreath with three arrows tied to the underside. There is also a shield at the top of the coin, just above the text and between the two ends of the wreath.

The original 1859 version of the coin featured a laurel wreath without a shield, but the oak wreath and shield version was issued just a year later, making the design the norm for the Indian bounty coin.

So with all these factors mixed in, what is the value of a 1909 Indian head penny with no mint mark?

(Video) Super rare penny worth money! 1909 penny variety to look for!

Although the coin had the standard pen design and there have been a few of these pennies over the years, the value of this 1909 Indian penny is still quite impressive. Even ordinary coins that have been in circulation and wear can sell for several dollars or over $10, which is technically 1,000 times the face value of the penny. This is despite the fact that it is also only made of bronze.

And when we start looking at better quality pennies, we can see how quickly these prices rise into the tens, hundreds, and even thousands of dollars. Excellent quality unadorned 1909 Indian Head pennies can fetch upwards of $1,350 and $1,700 at auction today.

In some cases, these coins can even go into the 5-figure range, as was the case in 2023 when a 1909 MS 67 Indian Head penny was bought for $21,600.

1909 No Mintmark Proof Indian Head Penny Value

1909 Indian Head Penny Value: "S", no mint mark, rare errors (2)

The Philadelphia Mint also produced a few Indian Head pennies in 1909 - 2,175 examples to be exact. This number is so low that many people, when discussing the 1909 Indian Head penny, simply group the proofs with the Philly-made regular strikes, which is why you often find the number 14,370,645 instead of 14,368,470 for the variety above.

Nevertheless, polishing plates differ significantly from ordinary embossing, so they must be mentioned separately. If anything, the extra small mintage of this proof makes these coins even more remarkable.

First, these 2,175 coins were made using a different technology than normal mint coins. The Philadelphia Mint used entirely separate Proof dies that were acid dipped and hand polished to give these coins a much higher level of detail and accuracy.

After all, proof coins are intended for display purposes, as proof against counterfeiting and as collectors' items - they are not intended for wide distribution like normal mint coins, even though they have the exact same design.

All of this means a few things – firstly, it is borderline impossible to find 1909 Indian head money of any quality less than Extremely Fine, as none of these coins were used as currency. Second, the value of even the most common 1909 Indian penny is estimated to be over $100 and often over $1,000.


This is especially true for ears with a mostly reddish or at least reddish-brown hue compared to predominantly brown proofs. This also applies to the normal mint coins as well as the S pennies, which we will discuss below - depending on storage and handling, these bronze coins can turn a redder or browner color over the years, the former being more valuable than the latter.

1909 "S" Indian Head Penny Value

1909 Indian Head Penny Value: "S", no mint mark, rare errors (3)

The 1909 Indian Head pennies, bearing the San Francisco Mint's "S" mintmark, are among the most valuable one cent coins not just that year, but ever. Although these coins are regular strikes and not proofs, they are often valued even higher than the 2,175 Philly proofs of 1909.

The reason for this is simple - rarity. In 1909, the San Francisco Mint produced a total of only 309,000 Indian Head pennies bearing the mint's "S" mint mark.

This is of course a much higher number than the roughly 2,000 proof coins, but it was also only the second year that the 1909 San Francisco mint joined its Philadelphia counterpart in producing Indian Head money. The previous year was 1908 when the San Francisco Mint made 1,115,000.

This made the 309,000 "S" coins of 1909 the lowest mintage of common Indian head money in history. The only other Indian head penny mintage under one million was the unminted penny made in Philly in 1877, which contained 852,500 coins - still considerably more than the 309,000 "S" coins in 1909.

This rarity combined with the very rare 'S' coinmark of the Indian Head penny series, plus the fact that this was the last year of the series as a whole, as well as the fairly high quality of this year's 'S' coins as a whole meant in 1909 that Indian heading "S" pennies are incredibly valuable today.

Average prices for even sub-crowns today are in the hundreds of dollars and quickly rise into the thousands when looking at particularly high-quality coins. If you can find a graded and quality 1909 "S" Indian penny, you can easily expect it to sell for thousands or even tens of thousands of dollars.

The highest price we have seen for any of these coins is $97,750, which was paid for a 1909 Indian Head MS 67 "S" penny at a heritage auction in 2006.

1909 Indian Head Penny Grading

When it comes to coin grading in numismatics, you will often see grades from 1 to 70 followed by various combinations of two capital letters. The most common of these grading systems is the Sheldon coin scale, but there are similar ones.

(Video) Top 8 Most Valuable Indian Head Cents - Errors, Varieties, and Key Dates

The 1 to 70 scale typically refers to the character and visual quality of the coins, with anything below 50 usually not considered very good, and only coins above 60 and 65 considered "excellent" or "uncirculated". As for the letters before the numbers, they are usually additional qualifiers such as Mint State (MS), Proof (PR) and so on.

For some more visual examples of the 1909 penny grading with Indian heads, check out this cool video.

Listen to Indian Head Penny Errors from 1909

Interestingly, there are no known and significant Indian Head penny errors from 1909. This is especially true of the valuable 1909 "S" Indian Head penny, as the mintage of these coins was so small.

But even with coins without a mintmark, there is nothing worth noting about errors. Instead, all numismatists look at these coins for the presence or absence of a mint mark and overall quality. As we have shown above, and as you can see in other videos like this one, the quality level is really the most important factor in the value of these coins.

1909 Indian Head Penny FAQ

What Makes 1909 Indian Head Pennies So Rare?

These coins are over a century old, they are from the last year of issue in this series and - some of them - belong to either the small mintage series or the very special sub-series of the San Francisco Mint with the 'S' mint mark.

Is a 1909 Indian Head penny worth anything?

A 1909 Indian Head penny is almost always worth at least something, even if the coin is not in good condition and even if it is made entirely of bronze. So especially if you find a better quality coin, it will definitely be worth selling or even keeping as its value will likely continue to increase in the future.


How much is a 1909-S VDB error penny worth? ›

According to estimates, a 1909 S VDB Wheat Penny is worth $950.00 in standard condition, whereas a penny in immaculate condition would be for $4,150.00. A 1909-S VDB in MS 67 RD was acquired for $117,500 in 2014, breaking the previous record associated with this coin.

How rare is a 1909 S Indian head penny? ›

The only rarities for the 1909-S Indian Head Cent are heavily worn pieces, as so few escaped detection long enough to wear down. Also somewhat scarce, though not truly rare, are fully red gems.

How much is a 1900 Indian head penny worth with no mint mark? ›

1900 Indian Head Penny Value for No Mint Mark (P)

There are plenty of circulated 1900 Indian head pennies to go around, especially in good to very fine condition. There were also a handful of AU50 1900 Indian head pennies that were auctioned off in the early 2010s anywhere from $15 to $38.

What is the rare penny with error? ›

"Double die pennies are highly sought after by coin collectors because they are considered a rare and valuable error. The double image on the coin makes it unique and highly prized among collectors."

How do I identify a 1909-S VDB penny? ›

If you look at mint mark below labeled "Parallel Mint Mark" the two serifs point in the same direction vertically, in a parallel position. Genuine 1909-S VDB cents will have the VDB initials slightly slanted, specifically on the central crossbar of the letter "B."

What does a 1909-S VDB penny look like? ›

The 1909-S VDB penny is one of the most popular and valuable American coins. The coin was designed by Victor David Brenner, and it features a bust of Abraham Lincoln on the obverse and a wheat stalk on the reverse. The coin was minted at the San Francisco Mint in 1909, and only 484,000 were produced.

How many 1909-s pennies are left? ›

However, many in the public were aware of the controversy and hoarded 1909-S VDB pennies in large numbers. According to numismatic experts, some 20,000 specimens exist, making it a rarity that can be acquired for a cost.

How many 1909-S VDB pennies are there? ›

The 1909-S VDB Lincoln cent is considered to be a key date for the Lincoln cent series due to its low mintage of only 484,000.

How much is a 1909 VDB Indian Head Penny worth? ›

USA Coin Book Estimated Value of 1909 Lincoln Wheat Penny (VDB Variety) is Worth $8.07 in Average Condition and can be Worth $35 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $14,242 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins.

What year is the rarest Indian head penny? ›

The most valuable Indian Head Penny is the one that has a date of 1877. Nevertheless, they're all valuable in their own right and any collector would be lucky to have one.

What are the most valuable non error pennies? ›

1914-D Wheat Penny

The 1914-D Lincoln Wheat penny is another key date in the series, and is the most valuable non-error penny. With a mintage of 1,193,000 it has one of the lowest mintages in the Wheat Cent series. It can be difficult to find uncirculated coins as they are much more rare.

What is the rarest penny to look for? ›

Here's a list of the top 10 most valuable pennies for 2023:
  • 1) 1944 Steel Wheat Penny - $408,000.
  • 2) 1943 Copper Wheat Penny - $250,000.
  • 3) 1856 Flying Eagle Penny - $25,000.
  • 4) 1873 Indian Head Penny - $10,000.
  • 5) 1858 Flying Eagle Penny - $10,000.
  • 6) 1857 Flying Eagle Penny - $7,000.
  • 7) 1914 D Wheat Penny - $5,500.
Mar 1, 2023

What does it mean when there is no mint mark on a coin? ›

No mint marks appeared on circulating coins from 1965 to 1967. The Coinage Act of 1965 eliminated mint marks to discourage collecting while the Mint worked to meet the country's coinage needs. Mint marks were placed on the reverse of coins until 1968 when they moved to the obverse.

How much is a 1909 VDB penny worth with no mint mark? ›

The 1909 VDB Penny Value Chart
Mint MarkGoodExtremely Fine
1909 “P” VDB No Mint Mark Penny Value$3.89$9.50
1909 “S” VDB Penny Value$525$940
1909 VDB Proof Penny Value$7,00033,500
Mar 24, 2023

What is the error on the 1909 penny? ›

1909 VDB Penny DDO Error

A DDO is a double-die obverse error. That means the obverse die that's used to make the front of the coin was flawed. The die moved between strikes, creating a doubling effect and all coins minted with that die have the same error.

Do all 1909 pennies have VDB on them? ›

The VDB only appears on the 1909 cents, and not even all of them.

What is the Holy Grail penny? ›

The 1909 s VDB wheat penny is known as the “holy grail” of wheat Pennies. Since this is the rarest, lowest minted, valuable date without an error. 2022-10-10Reply.

Where is the mint mark on a 1909 S Indian head penny? ›

The 1909 S Indian Head Cent (Penny) Mintmark is located under the wreath on the reverse of the coin as depicted in the example image above. This is also the rarest Indian Head Cent year/mint produced in terms of the total mintage figure.

What is a key date coin? ›

In coin collecting, a key date refers to a date (or date and mint mark combination) of a given coin series or set that is harder to obtain than other dates in the series. The next level of difficult to obtain coins in series are often referred to as semi-key dates or simply semi-keys.

How much can I sell an Indian Head Penny for? ›

Indian Head Penny Values
1862 Indian Head Penny$10$50
1863 Indian Head Penny$10$50
1864 Indian Head Penny$20$100
1865 Indian Head Penny$15$45
50 more rows

What is the lowest mintage Indian Head Penny? ›

The 1909-S has the lowest mintage of any Indian Head Penny. With 1909 being the last year of production for Indian Head Pennys, many people saved the 1909-S Penny in large quantities. So even though the 1909-S has the lowest mintage, there are many of these coins available today for collectors.

What's the rarest wheat head penny? ›

“There are millions and millions of wheat pennies and most commonly they trade for three-to-five cents a piece. If you're looking for a particular date, it can be much, much more than that. The rarest is the 1909 VDB. Those can be worth anywhere from $700 to $1,500 depending on the coin's grade.

What year Indian head pennies have mint marks? ›

Mint Marks

Indian Head pennies were produced at two different mints: Philadelphia (no mint mark), and San Francisco (S). San Francisco only minted Indian head pennies in 1908 and 1909. The mint mark is located on the reverse of the coin, just below the wreath.

What is the oldest Indian Head Penny? ›

The Indian Head Penny, struck from 1859 to 1909, is one of America's most popular coins. You can now own the first year of issue Indian Head Penny minted in 1859 over 150 years ago. This handsome coin designed by James Barton Longacre is housed in a beautiful blue display box.

What year pennies are worth keeping? ›

Watch for low mintage years like 1955-S, 1939-D, 1933-D, and 1931-S. Depending on condition, rarer pennies are worth more. Look for all-copper pennies. Old pennies made before 1982 are 95% copper, which gives them an inherent metal value.

How much is a wheat penny worth with no mint mark? ›

There is no mint mark on this penny. Value: This Lincoln penny value varies from 75 cents up to $1,000.

Is there a free app to scan coins for value? ›

PCGS claims they're the industry standard for grading and valuing coins. One of their most popular is “CoinFacts.” The app is 100% free and provides accurate, up-to-date information on the pricing and value of different coins.

What is a planchet error? ›

A split planchet coin error occurs when, during the preparation of the planchet strip, impurities such as gas, dirt, or grease become trapped under the surface of the metal blank, creating a weakness or lamination defect.

What are the most expensive error coins? ›

1955 Doubled Die Lincoln Cent

This coin is considered one of the most famous and valuable error coins. The coin was struck with a die that had been double-struck, causing the date and motto to appear twice. These coins can sell for tens of thousands of dollars.

What is the rarest old one penny? ›

If you have heard of only one rare coin, there is a good chance that it is the 1933 penny. For some reason this coin, more than any other, has lodged itself in the public consciousness. Indeed, people have spent a lifetime sifting through their coins in a vain attempt to find one.

How do you know if you have a special penny? ›

A coin with a letter “P” indicates it was made in Philadelphia, according to the United States Mint. Next, you'll want to check the bottom of the coin's other side to see if the “one cent” wording has a “doubling effect,” Alma says. Coin collecting experts call this a “doubled die reverse” coin.

What is the oldest rarest penny? ›

What is this? The oldest penny in the world is the Birch Cent of 1792. The original was sold in 2015 to Kevin Lipton, a Beverly Hills rare coin dealer, for $2.6M. It was the most amount of money ever spent on a one-cent piece at auction.

Is no mint mark rare? ›

Despite many collectors assuming these products are rare, the Philadelphia Mint purposely produced millions of coins without a mint mark. Still, many coins in circulation do not have a mint mark because of a printing error. For example, in 1968, the San Francisco Mint released “No S Proof” coins without mint marks.

Is a coin with no mint rare? ›

Coins without a mint mark are not necessarily rare, as many coins produced at the Philadelphia mint were struck without a mint mark. However, some coins without a mint mark may be more valuable than others due to their rarity, historical significance, or other factors.

Where was a coin minted if it doesn't have a mint mark? ›

If the date of a US coin is written without a mintmark, it means that the coin has no mintmark and was (usually) minted in Philadelphia. Coins without mintmarks made in Philadelphia are sometimes referred to as, for example, 1927-P, even though there may be no mintmark on the coin.

How many 1909-S VDB pennies are left? ›

However, many in the public were aware of the controversy and hoarded 1909-S VDB pennies in large numbers. According to numismatic experts, some 20,000 specimens exist, making it a rarity that can be acquired for a cost.

Why is the 1909-S VDB penny rare? ›

The two mints charged with striking the Lincoln cent were the Philadelphia Mint (no mint mark) and the San Francisco Mint (mint mark S). The Philadelphia Mint produced 27,995,000 VDB pennies, but the San Francisco Mint produced only 484,000, which made this variety the rarest of the series.

What is the error on a 1909 Lincoln penny? ›

Coins struck by these dies are highly sought-after. After a small delay, on August 12th, 1909, the Lincoln cent was again struck at both the Philadelphia and San Francisco mints, but this time without Brenner's initials on the reverse of the coin.

How much is a 1909 penny worth in good condition? ›

Pricing the 1909 Lincoln Penny
1909 Lincoln Penny$4$8
1909 Lincoln Penny (S)$100$225
Source: Red Book

What is the rarest wheat penny? ›

1) 1944 Steel Wheat Penny - $408,000.

What is the most rare Indian head penny? ›

The most valuable Indian Head Penny is the one that has a date of 1877. Nevertheless, they're all valuable in their own right and any collector would be lucky to have one.


1. 1909 Indian Head Penny Error Or RPM?
(Rick Howe Jr)
2. High & Low Valued Indian Head Pennies (1859-1909)
3. Value of 1909 Pennies
(Steve J. Cline)
4. 1909 Lincoln Wheat Penny Varieties worth Money to Look For List
(World Numismatic News)
(Couch Collectibles)
6. 1909S VBD penny value! Super rare 1909S VDB pennies worth money!


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