By: Mobin
The most valuable 1905 pennies earn high Mint State grades. A MS-67 Red penny sold for $19,975 at auction.
Only 2,152 proof 1905 pennies were made. A PR-67 Red example sold for $11,750.
Coins are graded on a 1-70 scale. Uncirculated start at MS-60 up to perfect at MS-70.
Indian Head pennies are graded as Red, Red-Brown, and Brown. Red coins with original luster are most valued.
The popular DDR #21 doubled die reverse Indian Head penny commands a premium over regular coins.
Valuable errors include off-center and double strikes. A 1905 struck in gold sold for over $100k.
With over 80 million made, the 1905 is common. 1907 pennies had the highest mintage at 108 million.