1907 Indian Head Penny Value Checker: Errors List & No Mint Mark Worth

1907 Indian Head Penny value can vary a lot — from $0.01 face value on one end to $63,000 on the other. That record was set by a Grade 67 example sold through Heritage Auctions in December 2019. If you’re wondering what yours might fetch, upload a photo below for a quick value range, then scroll down to see what recent eBay sales reveal about today’s prices.

 

1907 Indian Head Penny Value By Variety

Philadelphia produced three distinct varieties that year. Grade and color make a huge difference in what collectors will pay.

If you know the grade of your coin, you can find the exact price below in the Value Guides section.

Also Read: Indian Head Penny Coin Value (1859-1909)

 

Top 10 Most Valuable 1907 Indian Head Penny Worth Money

The top sale tells the story. A single MS67+ business strike hit $63,000 at Heritage Auctions in December 2019. According to CoinWeek researchers Charles Morgan and Hubert Walker, only two examples have ever received the MS67+ designation from PCGS. That’s a two-coin club.

That same coin resurfaced in “The Stewart Blay Collection of Indian Cents” through GreatCollections in November 2023. Another MS67+ from “The Boulder City Collection” brought $25,200 at Heritage in May 2022. At MS67 RD, “The Castle Collection” example sold for $26,400 at Heritage in August 2019, and a separate MS67 RD piece reached $20,500 at DLRC in September 2021. Proof specimens fill out the high-value list too, with PR67 examples landing between $5,581 and $22,913.

 

History Of The 1907 Indian Head Penny

The year 1907 shattered every production record in the series. Philadelphia struck 108,137,143 Indian Head pennies—more than any other year before or after. That wasn’t a fluke. Two forces collided at once.

Record immigration was flooding the country with low-income workers who needed small change for daily purchases. At the same time, the Panic of 1907 hit when several major New York banks collapsed. Ironically, that drove even more demand for cents—people leaned on small coins when larger financial instruments couldn’t be trusted.

Congress had also boosted the Mint’s metal-purchasing budget, removing the old production ceiling entirely. Add in the explosion of penny arcades, vending machines, and coin-operated services, and you had a perfect storm. One cent still bought real goods back then—equivalent to over 30 modern cents.

All 1907 pennies came from Philadelphia. San Francisco didn’t start striking Indian Heads until 1908, authorized by the Act of April 24, 1906. Denver never produced a single one.

Here’s a fun detail: President Roosevelt had already commissioned Augustus Saint-Gaudens to redesign American coinage. But Saint-Gaudens died on August 3, 1907, without finishing a cent design. The Lincoln cent would replace Longacre’s Indian Head in 1909, ending a fifty-year run. So 1907 sits right at the end—the last year before San Francisco joined the party, and just two years before the whole design disappeared.

Also Read: 54 Most Valuable Indian Head Penny Worth Money (1859-1909)

 

Is Your 1907 Indian Head Penny Rare?

Each coin’s precise rarity depends on individual condition markers; Coin Identifier and Value App‘s AI technology identifies these specific characteristics in your 1907 penny.

 

Key Features Of The 1907 Indian Head Penny

Longacre’s 1859 design carried through unchanged to 1907, so identification is straightforward. But there’s one thing beginners miss constantly: color designation.

PCGS and NGC assign three color grades: BN (Brown), RB (Red-Brown), and RD (Red). RD means over 90% of the original copper surface still shows bright orange-red color. RB falls between 15% and 85% red. BN has toned entirely to chocolate or mahogany. At the same numeric grade, the price gap between these designations is dramatic.

The Obverse Of The 1907 Penny

Lady Liberty faces left wearing a Native American headdress. “LIBERTY” appears on the headband holding the feathers in place.

“UNITED STATES OF AMERICA” curves along the upper rim. The date “1907” sits at the bottom center, right below Liberty’s neck.

Despite the series name, Liberty’s features are Caucasian—not Native American. Mint Director Snowden acknowledged this at the time. Look closely and you’ll see fine detail in the individual feathers and the ribbon trailing behind her neck.

When grading your coin, focus on the highest points: the cheek, hair curls, and feather tips. These wear first. Their condition determines whether your penny falls into the lower or upper value tier.

The Reverse Of The 1907 Penny

Flip it over and you’ll see an oak wreath framing the words “ONE CENT” in two lines at center.

A Union shield sits at the top. Three arrows bound together with a ribbon rest at the bottom of the wreath. This oak wreath replaced the original laurel design used only in 1859 and stayed standard through 1909.

Other Features Of The 1907 Penny

The coin measures 19 millimeters in diameter and weighs 3.11 grams. Its composition consists of 95% copper with 5% tin and zinc, forming a bronze alloy.

The edge is plain—no reeding or lettering. No mint mark appears anywhere on the coin. Philadelphia produced all 1907 pennies and didn’t use mint marks on cents during this period.

Also Read: Top 100 Most Valuable Pennies Coin Worth Money List (1959 – Present)

 

1907 Indian Head Penny Mintage & Survival Data

Out of 108,137,143 business strikes, only about 1,300 survive in documented condition. That’s a survival rate of 0.0012%. To put it another way, for every million pennies struck, roughly 12 made it to a slab.

PCGS CoinFacts calls the coin common up through MS65. At MS66, only 50 to 100 examples are known. At MS67, fewer than 10 exist across all color designations—and just 2 have ever earned MS67+ from PCGS as of late 2024.

The Mint also struck 1,475 proof specimens—the lowest proof mintage in the series from 1878 through 1909. These went directly to collectors, not into circulation. Above PR66, the population thins fast, with fewer than 100 examples known at PR66 or higher across all colors.

Also Read: Top 100 Most Valuable Wheat Pennies Coin Worth Money (1909 – 1958)

 

The Easy Way to Know Your 1907 Indian Head Penny Value

Condition drives value for 1907 pennies. Check for wear on Liberty’s cheek, hair curls, and headband details—these high points show how much handling the coin received.

Look for original luster under good lighting, and examine both sides for sharpness. Color matters too: full red surfaces command premiums over brown patina—sometimes five times more at the same numeric grade.

Coin Identifier and Value App simplifies this process with AI-powered grade detection. Scan your coin to receive an instant condition assessment and current market value, all backed by real auction data.

 

1907 Indian Head Penny Value Guides

Three main categories exist for 1907 pennies:

• 1907 No Mint Mark Penny – Philadelphia business strikes; condition and color critical.
• 1907 Proof Penny – Collector-only issue; mirror surfaces, limited availability.
• 1907 CAM Penny – Elite proof designation; frosted contrast, highest premiums.

Regular strikes range from pocket change to thousands depending on preservation and color. Proofs carry consistent premiums thanks to their specialized striking and low mintage.

Cameo (CAM) proofs sit at the top. These are proof coins where the devices show frosted texture against deeply mirrored fields—picture a frosted glass figurine sitting on a mirror. When one of these hits auction, bidding gets competitive fast.

 

1907 No Mint Mark Indian Head Penny Value

Here’s a number that surprises people: at MS65, a red example sells for several hundred dollars more than a red-brown one. At MS66, that gap explodes to roughly five times—confirmed by auction results from 2018 through 2020. Same numeric grade, wildly different money.

Strike quality varies across the run. Well-struck pieces show crisp feather separation and sharp wreath detail. But copper oxidizes, and that’s what really sets the market tiers. Original red luster fades naturally, pushing coins from RD to RB to BN over time.

The finest MS67+ red specimen hit $63,000 at Heritage in December 2019, later traded for $25,200 at Heritage in May 2022, and appeared again in “The Stewart Blay Collection” sale at GreatCollections in November 2023. A separate MS67 RD coin from “The Castle Collection” sold for $26,400 at Heritage in August 2019, while another MS67 RD piece reached $20,500 at DLRC in September 2021.

PCGS reports roughly 62 specimens graded MS65+ or higher in red designation. I think many experienced collectors are smart to consider attractively toned brown pieces—they’re chemically stable, less prone to spotting, and hold their appearance better over decades of storage.

Complete auction records for this type document sales ranging from common circulated pieces to record-breaking gem specimens.

The attached market activity chart tracks collector demand for the issue over the past twelve months.

 

1907 Proof Indian Head Penny Value

Only 1,475 proofs were struck in 1907. That’s the lowest proof mintage in the entire Indian Head series from 1878 through 1909. These were made with polished dies and specially prepared planchets—mirror-like fields, sharp frosted details, and square wire rims that business strikes just don’t have.

Most survivors grade between PR63 and PR65, where supply and demand stay in balance. Collectors saved these carefully from day one, so the survival rate far exceeds business strikes.

Above PR65, things tighten up fast. PCGS has certified 35 specimens at PR65 RD or higher. Fewer than 100 examples likely exist at PR66 across all colors. At PR67, you’re probably looking at a handful.

That scarcity shows up in the prices. Red PR66 examples have sold between $2,040 and $3,840 in recent cycles, with $3,840 achieved in February 2021. One red PR67 specimen reached $22,913 per PCGS records. A PR67 brown example brought $5,518 at Heritage Auctions in 2013, and a PR67 NGC specimen sold for $5,581 that same year.

Complete auction records document this proof issue’s performance across all preservation levels.

Market behavior during the past year shows continued collector focus on superior survivors.

 

1907 CAM Indian Head Penny Value

How rare is a 1907 cameo proof? PCGS has designated exactly four. NGC has recorded zero. That’s it—four coins in the entire certified population.

CAM means the raised design elements—Liberty’s portrait, the lettering, the wreath—show white, frosty texture against deeply reflective mirror fields. This frost only appears on the earliest strikes from freshly prepared dies. After a few impressions, it dulls and disappears. Once gone, it’s gone forever.

A PR66 red cameo specimen sold for $11,163 in October 2017. A separate PR66 CAM piece from the ESM Collection brought $5,040 in August 2019. We think these are among the most underappreciated coins in the Indian Head series—rarity within an already tiny proof mintage, combined with a visual effect you can’t fake.

Here is an overview of market activity illustrating the level of collector engagement with these visually distinctive survivors.

Also Read: 42 Rare Penny Errors List with Pictures (By Year)

 

Rare 1907 Indian Head Penny Error List

With over 108 million coins struck, the 1907 run produced its share of mistakes. High-speed production at Philadelphia meant die prep shortcuts and mechanical tolerances that left recognizable error patterns variety specialists now chase.

Rick Snow documented many of these in his reference, A Guide Book of Flying Eagle and Indian Head Cents (2009), assigning “Snow numbers” to each confirmed die variety. If you’re cherrypicking raw coins, knowing these varieties is where the money is.

1. 1907 RPD Error (FS-301 To FS-303)

Repunched dates happen when the engraver punched the date numerals into the working die more than once with slight misalignment. This was all done by hand—tedious work that invited human error.

FS-301, FS-302, and FS-303 are the most documented varieties. Each shows distinct doubling or shadowing around the “1” or “7,” visible under magnification. A strong RPD can multiply a coin’s value by up to four times compared to a normal example in the same grade.

Circulated examples with clear repunching bring $50 to $100. Mint state specimens command $150 to $260 depending on the specific variety and color. Snow cataloged many additional varieties beyond the FS numbers—Snow-2, Snow-13, Snow-16, Snow-19, Snow-24, Snow-31, Snow-45, Snow-65, and more. Each one represents a specific die characteristic that variety hunters pursue.

2. 1907 Off-Center Strike Error

These are crowd-pleasers. When the planchet shifts during striking, the design comes out displaced. A 1907 penny struck 15% off-center sold for $1,292 in 2016. A more dramatic 50% off-center example brought $1,092 in 2005.

The key: the date must stay visible. Minor 3–5% shifts carry modest premiums, but 10–20% displacement with a full date gets serious attention. Go past 40% off-center with the date still readable, and you’re looking at $500 or more even in circulated grades.

3. 1907 Doubled Die Obverse (DDO) Error

Some 1907 cents show subtle doubled die obverses, especially in the date numerals or the letters in “LIBERTY” and “UNITED STATES.” DDO happens when the hub strikes the die twice at slightly different angles, permanently embedding the doubled image into every coin from that die.

These aren’t as dramatic as the famous 1955 Lincoln DDO. Still, a confirmed DDO in higher grades can bring $100 to $500 or more when slabbed by PCGS or NGC. Grab a 5x or 10x loupe and check the lettering under strong, angled lighting.

4. 1907 Die Cud Error

Die cuds form when chunks of the die break away, leaving raised blob-like areas on the struck coin. These aren’t the same as die cracks—those are thin raised lines. Cuds are actual displaced die material, creating a smooth raised lump.

They usually show up along the rim where stress concentrates. Visible cuds affecting lettering or design elements bring $50 to $150 depending on size and location. Collectors want cuds that clearly interrupt major design elements, not tiny rim breaks you need a microscope to find.

5. 1907 Struck-Through Error

Struck-through errors happen when debris—cloth fiber, wire, grease—gets trapped between the die and planchet during striking. The debris blocks part of the design from transferring, leaving a depression or missing area.

These look unusual and catch the eye. Values run $50 to $150 or more depending on size and visibility. Grease-filled die errors are a milder version—the design looks partially missing or “ghostly”—and carry more modest premiums.

 

Where To Sell Your 1907 Indian Head Penny?

Match your coin to the right platform. Auction houses work best for certified rarities, while established online marketplaces move circulated examples efficiently.

Check out now: Best Places To Sell Coins Online (Pros & Cons)  

 

1907 Indian Head Penny Market Trend

*Market Trend Chart showing the number of people paying attention to this coin.

High-grade 1907 Indian Heads have appreciated steadily since 2008, according to tracking by coin-identifier.com. Registry-set competition—where collectors compete to own the finest certified example of each coin—keeps pushing demand for MS65 RD and above.

The biggest price jumps happen between grade levels, not over time. Going from MS65 to MS66, or MS66 to MS67, often doubles or triples the value. That reflects genuine scarcity among survivors of this heavily circulated issue.

 

FAQ About The 1907 Indian Head Penny Value

1. What makes a 1907 Indian Head penny valuable?

Condition and color. A circulated brown example in Good grade sells for $4.88. A mint state red specimen reaches $553. The finest MS67+ red example hit $63,000 at Heritage in December 2019. Proofs start around $1,010, with rare cameo varieties at $2,300. Only 1,300 examples survive in documented mint state condition from the original 108 million—a survival rate of just 0.0012%.

2. What color designation is most valuable for 1907 Indian Head pennies?

Red (RD) wins at every grade level. At MS66, red examples sell for roughly five times their red-brown (RB) counterparts—confirmed by auction results from 2018 through 2021.

To earn RD from PCGS or NGC, over 90% of the surface must still show original copper-red color. RB means 15–85% red remains. BN means the coin has toned entirely to chocolate or mahogany.

3. What are the most valuable error varieties of the 1907 Indian Head penny?

Dramatic off-center strikes with visible dates top the list. A 15% off-center example sold for $1,292 in 2016, and more extreme examples can exceed $500 even circulated.

Repunched date (RPD) varieties in the FS-301 to FS-303 range bring $150–$260 in mint state. Rick Snow documented many additional die varieties beyond these, known as Snow numbers. Doubled die obverses (DDO) bring $100–$500+ certified, while die cuds range from $50–$150 depending on size.

4. How many 1907 Indian Head pennies were made, and why was production so high?

The Philadelphia Mint struck exactly 108,137,143 business-strike 1907 pennies—the highest single-year production in the entire series. Three forces combined: record immigration driving demand for small change, the Panic of 1907 increasing cent circulation, and a congressional boost to the Mint’s metal purchasing appropriation.

Penny arcades and vending machines also needed a constant supply. This was the first and only year the series topped 100 million.

5. How do I tell a 1907 proof penny from a regular strike?

Look for three things. Proof coins have deeply mirrored fields you can see your reflection in. The design elements show frosted texture. The rims are noticeably square and sharp, not slightly rounded like business strikes.

If you’re unsure, submit the coin to PCGS or NGC. Professional graders check dozens of diagnostic points invisible to the naked eye.

6. What does “Snow number” mean for a 1907 Indian Head penny?

Snow numbers are catalog designations from Rick Snow’s book A Guide Book of Flying Eagle and Indian Head Cents (2009). Each number identifies a specific die marriage—a unique pairing of obverse and reverse dies.

The 1907 penny has numerous cataloged varieties: Snow-2, Snow-13, Snow-16, Snow-19, Snow-24, Snow-31, Snow-45, Snow-65, and many more. You identify them by comparing your coin’s die markers to reference photos. Authenticated Snow varieties can add $25–$300 or more above standard prices depending on rarity.

7. What is a CAC sticker, and does it affect my 1907 penny’s value?

CAC (Certified Acceptance Corporation) reviews already-graded coins and places a green sticker on examples it considers solid or premium for the assigned grade. A gold sticker means exceptional—best known for that grade.

Several top-population 1907 MS67+ examples carry CAC stickers. The Boulder City Collection MS67+ that sold for $25,200 in 2022 had a green CAC sticker. CAC approval can add 10–30% to a coin’s realized auction price.

8. Where is the mint mark on a 1907 Indian Head penny?

There isn’t one. That’s not an error. All 1907 Indian Head cents came from Philadelphia, which didn’t use mint marks on cents during this era.

Denver never struck Indian Head cents. San Francisco started in 1908, authorized by the Act of April 24, 1906. If someone offers you a “1907-S” or “1907-D” Indian Head cent, it’s either fake or misidentified.

9. Is a 1907 Indian Head penny made of silver?

No. It’s 95% copper and 5% tin and zinc—a bronze alloy. Zero silver content. If yours looks silver-colored, it’s been plated, cleaned, or is an extremely rare wrong-planchet error.

The bronze composition gives uncirculated examples their distinctive orange-red color when fresh. Over time, copper oxidizes naturally to red-brown and eventually dark brown. The coin weighs 3.11 grams and measures 19 millimeters in diameter.

10. Should I clean my 1907 Indian Head penny before selling it?

Never. Cleaning is one of the most destructive things you can do to a coin’s value. It strips away 100+ years of natural patina and creates microscopic hairlines that grading services spot immediately.

A cleaned coin gets a “details” grade from PCGS or NGC instead of a standard numeric grade. Details-graded coins sell for a fraction of their uncleaned counterparts—sometimes 50–80% less. Store your 1907 penny in an inert, non-PVC holder like a Mylar flip or hard plastic capsule. Keep it away from humidity. Handle by the edges only.