The story goes that a traditional tribal headdress was playfully placed on her head by a Native American chief, and the scene was sketched by the designer so he could show a representation of the scene to his wife. The figure on the head of the Indian Head penny is that of Miss Liberty, who, for this design, was based off a sketch of Longacre’s daughter, Sarah. In 1864 the mint changed the composition to 95 percent copper and 5 percent tin with a reduced weight of 3.11 grams. However, an “Indian” doesn’t actually appear on this coin at all. The Indian Head penny was introduced in 1859 with a composition of 88 percent copper and 12 percent nickel and a diameter of 19 mm, and a weight of 4.67 grams. In addition to the 53+ million business strikes, 2,031 proof specimens were made, and these retail for $1,275. Examples of these coins in a grade of Good-4 retail for $2. 1899 Indian Head pennies are also pursued by those who may not necessarily consider themselves coin collectors but nevertheless want an inexpensive example of this classic American coin.ġ899 Indian Head cents were made in large numbers, with 53,598,000 business strikes made. These coins are also often bought by collectors who are attempting to complete a collection of Indian Head pennies. Coin collectors often pursue 1899 pennies for type sets. They’re also easily found at most coin shops that handle 19th- and 20th-century U.S. 1899 Indian Head cents are very common and are frequently encountered in mixed-date rolls and bags of Indian Head cents.
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