Preliminary identification

United States Indian Head Cent, 1902

Photo reference

2 uploaded photos

Overview

This is a classic bronze United States one-cent coin, popularly known as the 'Indian Head' penny, minted in the year 1902. It features a stylized representation of Lady Liberty wearing a Native American feathered headdress on the obverse, and an oak wreath with a small shield on the reverse.

Story

Minted in 1902, this penny circulated during a time of rapid industrial growth in America. Despite its name, the face on the coin is actually Lady Liberty, modeled after the designer's daughter wearing a ceremonial headdress.

Maker / Origin

Designed by James Barton Longacre, who served as the Chief Engraver of the United States Mint from 1844 until his death in 1869. Longacre's designs are celebrated for capturing a distinct, mid-19th-century American aesthetic that moved away from purely European neoclassical styles.

Condition & Value

The coin shows heavy circulation wear, with a dark, uneven brown patina and some surface grime. The details on the headdress feathers and the word 'LIBERTY' on the band are mostly worn away, placing it in 'Good' to 'Very Good' circulated condition. This level of wear keeps the value modest.

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.