It’s easy to overlook, but if you’ve got an 1888 Indian Head penny, a tiny engraving error might make it worth a small fortune — as much as $39,064 if it’s in mint state.
What Is This Coin?
The 1888 Indian Head cent is part of one of the most iconic penny series in U.S. history. But a rare “8 Over 7” variety minted that year makes this coin truly exceptional.
- Type: Indian Head Cent
- Year: 1888 (8/7 Overdate Variety)
- Mint: Philadelphia (no mint mark)
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Weight: 3.11 grams
- Diameter: 19 mm
Why Is It Valuable?
A minting error occurred in 1888, where the final “8” in the date was stamped over a “7.” This “overdate” variety is extremely rare and sought after.
- In Good Condition: Worth up to $1,300
- Uncirculated (MS-65+): $25,000 to $39,064
- Top-Graded Auction Sale: Over $38,000
How to Identify the Error
✅ Focus on the last digit “8” — look underneath for signs of a “7” curve protruding slightly from the bottom
✅ Use a magnifying glass or jeweler’s loupe
✅ Confirm authenticity with a professional grading service (e.g., PCGS or NGC)
🧠 Did You Know?
The Indian Head cent was designed by James B. Longacre and ran from 1859 to 1909. Overdate errors like the 1888/7 are the result of reusing dies, making each surviving example a piece of minting history.
Leave a Reply