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HOW MUCH DOES A 1898 PENNY COST

Resolved Question:

UNITED STATES OF AMERICA 1898 ONE CENT IN GOOD CONDTION
Submitted: 7 years ago.
Category: General
Expert:  Scott replied 7 years ago.

Hi Carmen, and welcome to JA!

In "good" condition, an 1898 Indian Head cent is worth somewhere between $2 and $4.

http://www.us-coin-values-advisor.com/indian-head-cent-1892-1903.html (says $2)

http://www.pcgs.com/prices/frame.chtml?type=date&filename=flying_eagle_indian_cent (says $4)

http://coins.ha.com/features/vcc.php?id=00.01_14&s=o (says about $3)

 

If you found this helpful, please press "Accept". If you need more information, just let me know.

-Scott

Scott, MIT Graduate
Category: General
Satisfied Customers: 17710
Experience: MIT Graduate, United States Traveler, Information Finder
Scott and 123 other General Specialists are ready to help you
Customer: replied 7 years ago.
Reply to Scott's Post: IF THE PENNY IS FORM THE YEAR 1898 WHY IS JUST WORTH 2-4 DOLLAR?
Expert:  Scott replied 7 years ago.

Hi again!

Well, if the condition was better than "good", it would be worth more. For instance, if it was shiny and looked like a new penny, it would be worth more than $50. If you had protected it from even the most minor scratches, and it was still shiny and new looking, it could be worth as much as $10,000!

The thing you have to realize, is that going from $0.01 to $4.00 in 109 years is like an investment that pays about 5% per year, every year since then. That's a very good investment over 109 years.

Let me know if you need more information.

-Scott

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