The 1895 Indian Head Penny: What Is Your Coin Worth?

A gem-quality 1895 Indian Head cent in PCGS MS67+RD sold for $46,125 in November 2023 — yet most circulated examples fetch just $2–$40. Your coin's value hinges on three things: condition, color designation, and whether it carries the sought-after Repunched Date variety. Use the free tools below to find out exactly where yours stands.

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1895 Indian Head penny obverse showing Liberty in feathered headdress with LIBERTY headband

1895 Indian Head cent — Philadelphia Mint. All examples lack a mint mark.

$46,125 Record sale · PCGS MS67+RD · 2023
38.3M Business strikes minted · Philadelphia
2,062 Proof coins struck · 1895
MS67+ Highest known grade (only 2 known)

Free 1895 Indian Head Penny Value Calculator

Select your coin's strike type, condition, and any known varieties. The calculator uses market data to estimate a realistic value range in seconds.

Step 1 — Strike Type
Step 2 — Condition
Step 3 — Known Varieties / Errors (check all that apply)

If you're not yet sure of your coin's exact condition or variety details, try the 1895 Indian Head Penny Coin Value Checker free tool to upload photos and get an AI-assisted assessment before returning here.

Repunched Date (RPD) Self-Checker

The 1895 RPD Snow-1 (FS-301) is the most collected die variety for this date. Work through the four checkpoints below to see if your coin has this premium feature.

Side-by-side comparison of 1895 Indian Head penny normal date versus Repunched Date RPD Snow-1 FS-301 showing doubling on digits 8, 9, and 5

Left: Normal 1895 date with clean single digit impressions. Right: RPD Snow-1 with secondary ghost impressions visible on the 8, 9, and 5.

Common — Regular Strike

  • Date digits appear clean and singular
  • No secondary outlines around numerals
  • Smooth interiors of 8 and 9 loops
  • Foot of 5 is a single clean curve

RPD Snow-1 — Repunched Date

  • Visible secondary impression on 8, 9, and 5
  • Ghost outline appears as raised raised bump along lower digit edge
  • Interior of the 8 loops shows extra raised element
  • Bottom of 5 has an additional serif-like protrusion

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The Valuable 1895 Indian Head Penny Errors (Complete Guide)

Although the 1895 Indian Head cent is not a key date, several documented varieties and striking errors command significant premiums among specialists. The cards below cover each variety in depth — from what caused it at the Philadelphia Mint to exactly what to look for with a loupe.

1895 Indian Head penny RPD Snow-1 FS-301 showing repunched date with secondary impressions on digits 8 9 and 5
Most Famous $10 – $500+

Repunched Date (RPD) — Snow-1 / FS-301

The 1895 RPD Snow-1 (Fivaz-Stanton FS-301) is the most sought-after die variety for this date. It occurred because, through 1908, the Philadelphia Mint hand-punched each working die's date individually. A mint worker drove the date logotype into the die slightly off-position, then realigned and struck it again — leaving a secondary ghost impression of the numerals behind.

To identify it, examine the digits "8," "9," and "5" under a 10× loupe in raking light. Each affected numeral shows a distinct secondary raised outline slightly offset from the primary digit, most visible at the bottom inner space of the 8 and along the lower arc of the 5. Unlike contact marks, these secondary impressions are precisely shaped like the numeral — not random.

Collectors pay a meaningful premium for this variety because it represents a documentable, hand-authenticated production quirk from the 19th-century Mint. The spread across three digits makes this one of the more dramatic RPD varieties in the late Indian Head series, and the premium scales sharply with grade and color designation.

How to spot it Under 10× loupe: look for a secondary raised impression offset from the lower interior of the "8" loop, the bottom curve of the "9," and the lower arc of the "5." The impressions are crisp and numeral-shaped, not scratches.
Mint mark P (Philadelphia only) — no mint mark on coin
Notable Designated FS-301 in the Fivaz-Stanton reference and Snow-1 in Rick Snow's attribution guide. An 1895 Proof RPD example sold for $4,230 at Heritage Auctions in 2019, making it the highest-realized RPD sale for this date.
1895 Indian Head penny Misplaced Date MPD Snow-2 showing errant digit impression in the denticle area below the date
Rarest $75 – $600+

Misplaced Date (MPD) — Snow-2

The Snow-2 Misplaced Date is rarer than the RPD Snow-1, with only approximately 40–50 confirmed examples known. It formed when a mint worker punched one of the date digits far off its intended position — in this case, into the denticle area below the numerals — before correcting the placement. The errant punch left a permanent raised impression that can be seen with careful examination.

Look for a distinctly raised element within or immediately below the bottom denticles, shaped like a portion of a numeral. The misplaced digit appears as a raised bump or partial number form, sharply distinguishable from random contact marks by its precise shape, consistent position, and the fact that it matches a known numeral contour. A 10× loupe under oblique light is essential.

Because so few examples survive, the Snow-2 MPD commands a notably higher premium than the RPD, particularly in circulated grades where authentication is still straightforward. Collectors assembling a complete 1895 variety set will actively seek this piece and pay considerably above type-coin values. CONECA attribution adds credibility and market value.

How to spot it Examine the denticle zone directly below the "1895" date under 10× magnification. Look for a raised element matching the contour of a numeral — crisp edges, precisely shaped, positioned within the inner denticle ring rather than on the date field itself.
Mint mark P (Philadelphia only) — no mint mark
Notable Approximately 40–50 examples confirmed per specialist estimates. Designated Snow-2 in Rick Snow's Flying Eagle & Indian Cent Attribution Guide. CONECA authentication recommended for premium examples due to its significant rarity premium above Snow-1.
1895 Indian Head penny off-center strike error with design shifted showing blank planchet area and fully visible date
Most Valuable Error $150 – $1,500+

Off-Center Strike

Off-center strikes occur when the planchet shifts out of the collar die's normal centered position before or during the strike. On an 1895 Indian Head cent, the resulting coin shows the design elements displaced toward one side, leaving a smooth, unstruck crescent of planchet metal on the opposite edge. The degree of misalignment — expressed as a percentage — directly determines collector interest and price.

The key visual identifier is the unstruck crescent: a smooth, raised rim of raw planchet edge visible on one side of the coin. Minor off-centers (5–15%) are common and carry modest premiums, while dramatic examples at 40–60% off-center are considerably scarcer and command serious collector dollars. The most critical factor is whether the full date "1895" remains visible — a dateless off-center error loses most of its premium.

Major off-center strikes at 50% or more with a fully legible date are considered significant mint errors on any 19th-century cent. Values for documented 1895 examples with a full date and dramatic offset can reach $900–$1,500 or more, depending on the grade and how dramatically the design is shifted. These errors are genuine curiosities from the hand-press era and rarely appear at auction.

How to spot it The design (portrait, date, lettering) is visibly shifted from the coin's geometric center. One side shows a smooth, plain crescent of planchet metal with a raised rim from the collar — distinctly unstruck. The full date must remain visible for maximum value.
Mint mark P (Philadelphia) — all 1895 Indian Head cents were struck there
Notable Major off-center strikes (50%+) with full date visibility can sell for $900–$1,500+ depending on grade and offset percentage. Certified examples by PCGS or NGC as "Mint Error" command the strongest premiums. Authenticate to rule out post-mint alteration.
1895 Indian Head penny clipped planchet error showing section of the coin edge missing from improper strip feeding
Best Kept Secret $75 – $700+

Clipped Planchet

Clipped planchet errors on 1895 Indian Head cents arise when the metal strip feeding through the blanking press is not advanced far enough between punches. The subsequent punch overlaps a previously punched hole, producing a planchet with a smooth curved section missing from its edge (curved clip) or occasionally a straight cut where the strip end was struck (straight clip). Both types were genuine minting accidents, not post-mint damage.

Curved clips are the most common type and appear as a smooth, concave arc cut into the coin's edge — the exact shape of a previously blanked circle. Straight clips form a flat cut and are less common. A coin with multiple clips — two or more from the same strip feeding issue — is substantially scarcer and commands a strong premium. Examine the coin edge carefully for the smooth, unstruck character of a genuine clip versus the rough, irregular edge of damaged coins.

The Blakesley effect is a useful authentication tool: on genuine curved clips, the design detail directly opposite the clip on the coin's face is often slightly weak or missing, because the incomplete planchet didn't fill the die evenly. On 1895 Indian Head cents, dramatic multiple clips can bring $400–$700, while a single clean curved clip typically adds $75–$200 above the regular type-coin value in comparable grade.

How to spot it Examine the coin edge: a genuine curved clip is a smooth, concave arc matching a planchet circle. Check for the Blakesley effect — weak design detail directly opposite the clip on the face confirms authenticity. Rough or jagged edges suggest post-mint damage instead.
Mint mark P (Philadelphia) — all 1895 cents struck at Philadelphia
Notable Multiple clips on a single 1895 cent can bring $400–$700 based on market data. The Blakesley effect (weak design opposite the clip) is considered a key authentication diagnostic by ANACS and PCGS for Indian Head cent clip errors. PCGS grades as "Mint Error."
1895 Indian Head penny proof coin showing mirror-like fields and frosted Liberty portrait with cameo contrast
Gem Rarity $210 – $4,500+

1895 Proof Strike (PF) — Collector Issue

The Philadelphia Mint produced 2,062 proof 1895 Indian Head cents for sale to collectors, using specially prepared dies and carefully polished planchets. Proof coins are struck multiple times with extra pressure, creating the distinctive mirror-like fields contrasting with the frosted, satiny design elements. These were never intended for circulation and represent the finest craftsmanship the Mint could achieve in 1895.

Authentication of an 1895 proof centers on the field quality: genuine proofs display deeply reflective, near-perfect mirror fields visible as a clear reflection when the coin is tilted. The devices — Liberty's portrait, headdress, lettering, and the reverse wreath — appear frosted or satiny against those brilliant fields. Cameo contrast (strong frost on devices, deep mirrors in fields) is particularly desirable and commands a large premium over non-cameo proofs. The strike is extremely sharp, with each headdress feather, leaf vein, and shield line fully resolved.

In Brown (BN) grades, a PF-65 BN example sells for approximately $500–$800. A PF-67 BN example representing the finest known in that color category sold for $4,025 at Heritage Auctions. In Red-Brown (RB) at PF-65, expect $600–$1,200, while the rarer Red (RD) proofs command a substantial further premium. Deep Cameo (DCAM) examples in high proof grades are among the scarcest 1895 Indian Head cent varieties and rarely appear at auction.

How to spot it Tilt the coin under a single lamp: genuine proof fields are deeply mirrored — you should see a clear reflection. Devices appear frosted or satiny by contrast. Extremely sharp strike resolves every leaf vein and feather tip. Any cloudiness or hairlines indicate cleaning or a circulation strike.
Mint mark P (Philadelphia) — proof cents were exclusively Philadelphia Mint products; no mint mark on coin
Notable PF-67 BN sold for $4,025 (Heritage Auctions). Only 2,062 proof examples struck. PCGS #2195 (RD), #2194 (RB), #2193 (BN). Cameo and Deep Cameo examples are especially rare — seek PCGS or NGC certification with CAM/DCAM designation for best market realization.

1895 Indian Head Penny Mintage & Survival Data

Philadelphia Mint circa 1895 or group of 1895 Indian Head pennies in BN RB and RD color grades

The Philadelphia Mint produced all 1895 Indian Head cents — the only facility striking this denomination at the time.

Mint / Type Mint Mark Mintage Notes
Philadelphia (Business Strike) None 38,341,474 Common date; readily available through MS65 RD
Philadelphia (Proof) None 2,062 Collector issue; mirror fields, frosted devices; BN / RB / RD color designations
Total 38,343,536 Philadelphia Mint only — no other facilities struck cents in 1895
Composition & Specifications: 95% copper, 5% tin and zinc · Weight: 3.11 grams · Diameter: 19.00 mm · Edge: Plain · Designer: James Barton Longacre · Mint: Philadelphia (no mint mark)

Despite the large original mintage of 38.3 million, gem-quality survivors are genuinely scarce. PCGS reports only 53 examples at MS66 RD and 28 finer as of mid-2025, meaning true gem red coins represent a tiny fraction of the original issue. MS67+ RD is represented by only two known PCGS-certified specimens — the ultimate condition rarity for this date.

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Describe Your 1895 Indian Head Penny for a Detailed Assessment

Describe what you see on your coin in plain language. The tool searches for key condition and variety indicators and gives you a personalized assessment based on your description.

Mention these things if you can

  • Overall color (red, red-brown, or brown)
  • Whether LIBERTY is readable in the headband
  • Any doubling visible on the date digits
  • Condition of headdress feather tips
  • Presence of original luster or cartwheel effect

Also helpful

  • Any missing sections of coin edge (clips)
  • Whether design appears centered or shifted
  • Mirror-like fields (possible proof)
  • Visible nicks, scratches, or spots
  • Any professional grading holder details (PCGS, NGC)

1895 Indian Head Penny Value Chart at a Glance

The table below summarizes estimated retail values across all major varieties and condition grades. For a thorough illustrated 1895 penny identification breakdown, see the complete 1895 Indian Head penny guide with step-by-step identification reference. Highlighted rows indicate the RPD signature variety (gold) and the rarest Proof variety (purple).

Variety / Type Worn (G–VG) Circulated (F–XF) Uncirculated (MS60–64) Gem (MS65+)
Regular Strike (BN) $2 – $4 $5 – $40 $42 – $150 $200 – $500
Regular Strike (RB) $60 – $200 $350 – $900
Regular Strike (RD) Signature $105 – $500 $500 – $40,000+
RPD Snow-1 / FS-301 (any color) $10 – $30 $50 – $150 $200 – $600 $500 – $5,000+
MPD Snow-2 (any color) $75 – $150 $150 – $400 $400 – $900 Market price
Off-Center Strike (50%+ w/ date) $150 – $400 $400 – $900 $900 – $1,500+ Market price
Clipped Planchet (single) $30 – $75 $75 – $200 $200 – $400 $400 – $700+
Proof Strike PF (BN/RB/RD) Rarest $210 – $400 $400 – $1,200 $1,200 – $4,500+

Values are retail estimates based on PCGS auction data and current market trends. Actual realized prices vary with eye appeal, originality of surfaces, and market timing. "Market price" = insufficient consistent public data; check PCGS Price Guide for current figures.

📱 CoinKnow lets you snap a photo of your 1895 Indian Head cent and get an instant variety identification and value estimate in seconds — a coin identifier and value app.

How to Grade Your 1895 Indian Head Penny

Condition is the single biggest value driver for the 1895 Indian Head cent. A coin jumping one full grade tier can multiply its value by 5×–10×. Use these diagnostic checkpoints to place your coin accurately.

Grading strip showing four 1895 Indian Head pennies in Good Fine Extremely Fine and Uncirculated condition grades side by side

Left to right: Good (G-4) · Fine (F-12) · Extremely Fine (XF-40) · Uncirculated (MS-63 BN)

Worn · G–VG

Good to Very Good

The portrait outline is intact and the date "1895" is fully readable, but most fine detail has worn away. The headdress feathers merge into a flat outline. LIBERTY in the headband may be partially or completely worn off. The reverse wreath is flattened but legible. Value: $2–$4. Even heavily worn examples retain collector interest as fillers.

Circulated · F–XF

Fine to Extremely Fine

All major design elements are visible and separated. In Fine grade, LIBERTY is partially readable (at least 3 letters). In Extremely Fine, all seven letters of LIBERTY are clear, and individual feathers in the headdress can be counted — only the very tips show light flatness. The reverse leaf veins and shield lines are well-defined. Value: $5–$40.

Uncirculated · MS60–64

Mint State

No trace of circulation wear anywhere on the coin. Examine the feather tips and Liberty's cheek under a lamp — any smoothing or color change indicates wear. The coin should show flowing cartwheel luster when slowly rotated. Bag marks and contact nicks are acceptable at MS60–62; an MS63–64 shows only minor distractions. Color designation (BN, RB, RD) applies and heavily affects value.

Gem · MS65+

Gem Mint State

Above-average strike, minimal marks, and strong eye appeal are all required. MS65 RD coins display full original red-orange copper color covering 95%+ of each surface. At MS66, surface preservation becomes exceptional — very few distracting marks. MS67 is condition census territory: only a handful of known examples exist. These are the coins that reach $5,000–$40,000+ at auction.

Pro Tip — Color Designation: For uncirculated 1895 Indian Head cents, the color designation (BN/RB/RD) can multiply value dramatically. An MS65 BN might bring $200–$300, while the same grade in RD can reach $3,000–$5,000 or more. Always pursue original surfaces — artificially re-toned or chemically brightened coins are penalized by graders and buyers alike. If your coin looks suspiciously red under a loupe, check for hairlines indicating prior cleaning before submitting.

🔍 CoinKnow helps you cross-reference your coin's condition against certified graded examples from PCGS and NGC population reports — a coin identifier and value app.

Where to Sell Your Valuable 1895 Indian Head Penny

The right venue depends on your coin's grade, whether it's certified, and how quickly you need to sell. Here are the four best options for 1895 Indian Head cents.

🏛️ Heritage Auctions

The top choice for certified high-grade examples (MS65+ or any notable variety). Heritage routinely brings strong prices for 1895 Indian Head cents — MS67 examples have realized $9,300–$40,250 at their sales. Consigning requires a minimum value threshold; budget 15–20% in buyer's and seller's fees combined. Best for gem RD coins and documented error varieties.

🛒 eBay

The largest liquid market for circulated and lower-grade uncirculated examples. Check recent sold prices and active listings for 1895 Indian Head cents to benchmark before pricing. Raw (ungraded) coins sell well here in F–XF grades where the grade-to-price ratio is clear to buyers. Certified coins in slabs perform best in the $50–$500 range where Heritage is less cost-effective.

🏪 Local Coin Shop

Offers immediate cash with no listing fees or shipping risk. Expect dealer bids at 50–65% of retail for circulated examples and 60–75% for certified coins — this is fair, as dealers carry overhead and inventory risk. Best for quick liquidation of common circulated examples in G–XF grades where auction and eBay effort isn't worth the incremental gain. Always get 2–3 quotes.

💬 Reddit (r/Coins4Sale)

A growing peer-to-peer marketplace with low or no fees. Effective for mid-grade certified or clearly photographed raw coins in the $10–$150 range. Buyers are knowledgeable collectors willing to pay close to retail for problem-free examples. Requires good photography and accurate description. Build a small comment history in r/coincollecting first to establish credibility with buyers.

💡 Get it graded first — If your 1895 Indian Head penny appears uncirculated, shows original red color, or carries a documented variety (RPD, MPD, off-center), professional certification by PCGS or NGC will almost always net you more than selling raw. A coin graded MS64 RD in a PCGS holder commands a significant premium over the same coin submitted raw at auction or on eBay. Grading fees start around $30–$65; for a coin that could grade MS65 RD, that's a worthwhile investment.

Frequently Asked Questions — 1895 Indian Head Penny

How much is a 1895 Indian Head penny worth in circulated condition?
A well-worn 1895 Indian Head penny in Good (G-4) condition typically sells for around $2–$3. In Very Good to Fine grades, expect $4–$10. In Extremely Fine condition with sharp details and visible LIBERTY in the headband, values climb to $25–$40. Problem-free circulated examples command a premium over cleaned or damaged coins of the same grade.
What is the record sale price for an 1895 Indian Head penny?
The record price for an 1895 Indian Head cent is $46,125, realized in November 2023 for a PCGS MS67+RD example from the Stewart Blay Collection sold through GreatCollections. Prior to that, a PCGS MS67 RD example sold for $40,250 at Heritage Auctions in January 2006. Only two PCGS MS67+RD specimens are known to exist as of 2025.
What does 'RD', 'RB', and 'BN' mean on an 1895 Indian Head penny?
These color designations apply to uncirculated copper coins. RD (Red) means the coin retains 95% or more of its original copper-red color and commands the highest premium. RB (Red-Brown) indicates partial original color, representing a middle tier. BN (Brown) means the coin has fully toned to a brown patina and is the most common uncirculated color designation, carrying the lowest premium.
Does the 1895 Indian Head penny have a mint mark?
No. All 1895 Indian Head pennies were struck exclusively at the Philadelphia Mint, which did not use a mint mark on cents until much later. There is no S (San Francisco) or D (Denver) version of this coin. The only variation in 'mint mark' status is between the regular business strike and the 2,062 proof coins also made in Philadelphia that year.
What is the Repunched Date (RPD) variety of the 1895 Indian Head penny?
The 1895 RPD (designated FS-301, Snow-1) is the most famous die variety for this date. Because Indian Head cent dates were hand-punched into each working die through 1908, workers sometimes punched the date more than once, leaving a secondary ghost impression. On the FS-301, visible doubling appears on the digits 8, 9, and 5. Circulated RPD examples sell for modest premiums; uncirculated RD examples can command several hundred dollars extra.
How do I tell if my 1895 Indian Head penny has been cleaned?
Cleaned coins often appear unnaturally bright or exhibit a pinkish-orange glow inconsistent with natural aging. Under a 10× loupe, look for fine parallel hairlines across the coin's fields — a telltale sign of polishing or wiping. Natural uncirculated surfaces show flowing cartwheel luster when tilted under a single light source. Cleaned coins lose significant value and are typically graded 'Details' by PCGS or NGC rather than receiving a full numeric grade.
How many 1895 Indian Head pennies were made?
The Philadelphia Mint struck 38,341,474 business-strike 1895 Indian Head cents, a relatively high mintage for the series. An additional 2,062 proof coins were produced for collectors, featuring mirror-like fields and sharp, frosted design elements. Despite the high original mintage, gem-quality examples with original red color (MS65 RD and above) are genuinely scarce today, with fewer than 50 specimens known in MS66 RD or better.
What is an 1895 Indian Head penny proof coin worth?
The 2,062 proof 1895 Indian Head cents are significantly more valuable than business strikes at equivalent grades. A proof in Brown (PF-BN) condition typically retails for $210–$1,200 depending on grade. A PF-67 BN example sold for $4,025 at Heritage Auctions. Proof coins in Red (PF-RD) or with Cameo contrast are even rarer and command substantial premiums at auction.
Is an 1895 Indian Head penny with an off-center strike worth more?
Yes. Off-center strikes on 1895 Indian Head pennies are genuine mint errors that carry premiums based on the percentage of misalignment and whether the date remains visible. Major off-center strikes (50% or more off-center) with a fully visible date can sell for $900–$1,500 or more. Minor off-center pieces (5–10%) command smaller premiums. The date must be fully readable for maximum collector interest.
Should I get my 1895 Indian Head penny professionally graded?
Professional grading by PCGS or NGC is worthwhile for 1895 Indian Head pennies that appear uncirculated (especially with original red color), carry a known error or variety like the RPD FS-301, or show strong eye appeal in Extremely Fine or better condition. Grading fees typically range from $30–$65 per coin, so the investment makes sense when the expected premium over raw value justifies the cost. Circulated common examples in lower grades usually don't warrant the expense.

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