1878 Indian Head Penny obverse and reverse showing Liberty in feathered headdress and wreath reverse

The 1878 Indian Head Penny Value Guide

A gem MS-66+ Red example sold for $16,800 at Heritage Auctions — yet most worn examples still trade for under $100. With only 5.8 million minted, the 1878 is a genuine semi-key date that rewards careful inspection. Whether you have a common circulated coin or a coveted Snow-2 Misplaced Date variety, this guide gives you the exact numbers.

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$16,800
Top auction record
(MS-66+ RD, Heritage 2021)
5.8M
Circulation mintage
(3rd lowest 1878–1909)
2,350
Proof coins struck
(Philadelphia Mint)
~200
Estimated MS-65+
survivors in existence

1878 Indian Head Penny Value Chart at a Glance

Values below are drawn from confirmed Heritage, PCGS, and eBay sales as of 2026. For a full in-depth 1878 Indian Head penny identification walkthrough that covers die states, color designations, and surface preservation, see this illustrated coin identification reference and grading guide. The Snow-2 MPD row (highlighted gold) and the Proof row (highlighted red) represent the highest-premium categories collectors seek.

Variety Good (G-4) Fine (F-12) Very Fine (VF-20) AU-50 MS-63 MS-65+
Regular Date (BN) $43 – $60 $83 – $100 $124 – $207 $238 – $376 $415 – $498 $650+
Regular Date (RD) $498 – $700 $1,950 – $16,800
⭐ Snow-2 MPD (BN/RB) $75 – $120 $150 – $250 $275 – $450 $500 – $800 $800 – $1,400 Significant premium
Snow-1 RPD (BN/RB) $55 – $90 $110 – $180 $200 – $350 $400 – $650 $650 – $1,100 Significant premium
Snow-3 DDR (BN/RB) $60 – $100 $120 – $200 $220 – $380 $420 – $700 $700 – $1,200 Significant premium
🔴 Proof (PR-63 to PR-66 RD CAM) $470 – $960 $1,300 – $4,800

🪙 CoinKnow lets you snap a photo of your 1878 cent and get an instant variety identification and value estimate on the spot — a coin identifier and value app.

The Valuable 1878 Indian Head Penny Errors & Die Varieties

The 1878 Indian Head cent carries seven catalogued die varieties across the RPD, MPD, DDR, ODD, and CUD categories. Four stand out as collector priorities — each is detailed below with the diagnostic features, value context, and grading notes you need to evaluate your own coin confidently. Use the sidebar links to jump directly to a variety.

1878 Indian Head Penny Snow-2 MPD-001 misplaced date — ghost digits visible below main date in denticle zone

Snow-2 MPD-001 — Misplaced Date

MOST FAMOUS $75 – $1,400+

The Snow-2 (MPD-001) is the signature variety of the 1878 Indian Head cent. It formed when a logotype punch bearing the full date was inadvertently pressed into the obverse working die at the wrong position before the correct placement was completed. The ghost impressions of three digits became permanently locked into the die and transferred to every coin struck from that hub pairing.

Under a quality 10× loupe, three misplaced digit fragments are clearly visible spanning approximately five denticles below the primary date. The misplacement is exceptionally bold compared to most MPD varieties in the Indian cent series, which typically show only faint remnants. Even in Fine to Very Fine condition, the diagnostic features remain legible to the trained eye.

Collectors value the Snow-2 significantly above normal-date examples because its dramatic visual impact is accessible even in moderately worn grades. The variety was formally attributed by Chris Pilliod and carries the cross-references FND-002 and Snow-2. At all grade levels from Good through MS-63, expect premiums of 60–150% over the baseline date value.

How to spot it

Under 10× magnification, examine the denticle field directly below the "8" and "7" of the date. Look for three bold digit fragments spanning roughly five denticles — these are the misplaced punch impressions and should be clearly raised, not scratched.

Mint mark

Philadelphia only — no mint mark. All 1878 Indian Head cents are P-mint; the absence of a mark is correct and expected.

Notable

Catalogued as CONECA FND-002 and Snow-2. Tagged "Top Die Variety by Date" by indianvarieties.com. The bold misplacement strength makes this one of the most visually accessible MPD varieties in the entire Indian cent series across any date.

1878 Indian Head Penny Snow-1 RPD-001 repunched date showing secondary digit impressions near primary date

Snow-1 RPD-001 — Repunched Date

MOST COLLECTABLE $55 – $1,100+

The Snow-1 (RPD-001) is a repunched date variety that occurs when the initial logotype punch was applied slightly off-center or at a different angle, then a second punch drove the digits into their final correct position. The first-punch impression was only partially effaced by the hub process, leaving visible remnants that transferred to struck coins.

The diagnostic for this variety focuses on the individual numeral bases and the zones immediately adjacent to the primary date. Secondary digit impressions appear as slight shelf-like protrusions or doubled edges on one or more of the four date digits. This is best examined under a loupe at 7× to 10× magnification with light positioned to graze the surface. The variety was attributed by Chris Pilliod and carries the cross-reference FND-001.

While less visually dramatic than the bold misplaced date of Snow-2, the RPD-001 is well-documented among Indian cent specialists and commands a meaningful premium over common-die examples — typically 30–80% depending on grade and the strength of the doubling. High-grade examples with strong diagnostics attract particular attention from variety specialists.

How to spot it

Examine the base and surrounding field of each date digit under 10× magnification. Look for ghost edges or secondary serif impressions that appear slightly offset from the primary numeral — especially on the "1" and "8" digits where the punch shift is most pronounced.

Mint mark

Philadelphia only. No mint mark appears on any 1878 Indian Head cent, making the date area the sole focus for variety attribution on this issue.

Notable

Catalogued as CONECA FND-001 and Snow-1. Attributed by Chris Pilliod, the leading authority on Indian cent die varieties. Both the Snow-1 and Snow-2 were found on Type 1 Hub dies, confirming the variety's early-die-state production origin for the 1878 Philadelphia issue.

1878 Indian Head Penny Snow-3 DDR-001 doubled die reverse showing secondary impressions on reverse lettering and wreath

Snow-3 DDR-001 — Doubled Die Reverse

RAREST VARIETY $60 – $1,200+

The Snow-3 (DDR-001) is a doubled die reverse variety resulting from a misaligned hub impression during the working die manufacturing process. When the master hub was pressed into the working die more than once at a slightly different rotational or lateral position, both impressions were permanently locked into the die steel. Every coin subsequently struck from that die carries the doubled image.

On coins struck from the DDR-001 reverse die, the doubling is visible on design elements such as the wreath, shield, or peripheral lettering on the reverse. The effect appears as a secondary shelf or ghost impression offset from the primary design element. This variety falls under the "Bold N Reverse" hub design, confirming it was struck from later-production Bold-N dies rather than the Type 1 Hub used for the Snow-1 and Snow-2 obverse varieties.

The DDR-001 was formally attributed by Bill Affanato. Because the doubling appears on the reverse rather than the date area, it can be overlooked by collectors who examine only the obverse. Careful inspection of the reverse under a 10× loupe is essential. Premiums run 50–120% over common-die values, with stronger premiums rewarding bold, die-state-early examples.

How to spot it

Under a 10× loupe, examine the reverse wreath leaves, shield, and "ONE CENT" lettering. Doubled elements appear as distinct secondary impressions offset from the primary design — look for shelf doubling or spreading on the outer edges of letters and leaf tips.

Mint mark

Philadelphia (no mint mark). The DDR-001 reverse was paired with obverse dies from the Bold N Reverse hub production, typical of mid-to-late 1878 Philadelphia coinage.

Notable

Attributed by Bill Affanato and cross-referenced as Snow-3. The Bold N Reverse hub designation distinguishes this die pairing from Type 1 Hub varieties. As one of only a handful of 1878 reverse varieties, DDR-001 is sought by specialists assembling complete 1878 die variety sets.

1878 Indian Head Penny CUD-001 die break showing raised cud blob at lower-left obverse rim between 6:30 and 7:30 o'clock

CUD-001 — Retained Die Break (Cud)

BEST KEPT SECRET $80 – $500+

The CUD-001 is a retained die break variety, also called a "cud," formed when a portion of the hardened working die steel fractured and a chunk broke away from the die face. Because the die face was now lower in that region, metal flowing from the planchet during striking had no die face to press against and simply filled the void as a featureless raised blob on the struck coin.

On the 1878 CUD-001, the cud appears on the obverse between 6:30 and 7:30 o'clock — the lower-left portion of the coin's rim. In this zone, the normal rim and denticles are replaced by a raised, irregular blob of metal that is featureless and merges into the surrounding field. The die break is immediately obvious to the naked eye without magnification once you know where to look. This variety was originally attributed by Marvin & Margolis in 1979 and carries the cross-reference IC-1878-1R.

Cud errors are broadly popular among error coin collectors because they are visually striking and unambiguously authentic — a cud cannot be faked by post-mint damage. Values depend on the size of the cud and the overall condition of the host coin. The 1878 CUD-001 is particularly appealing because it sits on an already semi-key date, making the combination doubly collectible. Nice circulated examples in VF to AU condition can command premiums of 50–200% over normal-date values.

How to spot it

No loupe required — examine the obverse rim at the lower-left, between 6:30 and 7:30 o'clock. A genuine cud appears as a raised, smooth, featureless blob replacing normal rim and denticle detail. It cannot be confused with a simple rim nick or damage.

Mint mark

Philadelphia only. The CUD-001 occurred on an obverse die at the Philadelphia Mint; the reverse of coins bearing this cud is a standard 1878 Type 1 Hub reverse die pairing.

Notable

Originally attributed by Marvin & Margolis (1979), cross-referenced IC-1878-1R — one of the earliest documented cud attributions for the Indian cent series. The 1879 discovery pedigree is well-established in error coin literature, making CUD-001 a historically important variety beyond its visual appeal.

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1878 Indian Head Penny Mintage & Survival Data

Historical view of the Philadelphia Mint or group of 1878 Indian Head Penny specimens showing typical circulated grades
Issue Mint Mint Mark Mintage Notes
1878 Circulation Strike Philadelphia None 5,797,500 3rd lowest mintage in the series from 1878–1909
1878 Proof Philadelphia None 2,350 Deeply mirrored fields; collector-only issue
Total Philadelphia 5,799,850 Only Philadelphia Mint; no branch mint issues

Composition & Specifications

  • Metal: 95% Copper, 5% Tin & Zinc (Bronze)
  • Weight: 3.11 grams
  • Diameter: 19.0 mm
  • Edge: Plain
  • Designer: James Barton Longacre
  • Series: Indian Head Cents 1859–1909

Survival context: PCGS estimates approximately 1,000 uncirculated examples survive across all grade levels. Roughly 200 are estimated in MS-65 or higher, and only about two dozen are known in MS-66. A single example graded MS-67 represents the finest known. The low survival rate in high grades reflects both the coin's age and its role as an actively circulated denomination that saw heavy use in everyday commerce.

How to Grade Your 1878 Indian Head Penny

1878 Indian Head Penny grading strip showing four condition tiers from Good to Mint State side by side

Worn (Good–VG)

$43 – $90

Heavy wear flattens Liberty's portrait. LIBERTY in the headband is barely legible or missing letters. The wreath outline is present but lacks leaf detail. Still collectible as a date filler.

Circulated (F–VF)

$83 – $207

All major design elements clear. LIBERTY is readable in the headband. Cheek and chin show flat wear. Feather tips show some loss of detail. Wreath well-defined. A very collectible grade for this date.

Uncirculated (MS-60–63)

$415 – $498

No wear on high points — cheek, ribbon, feather tips. Luster is present but may show bag marks or contact abrasions. Color often Brown or Red-Brown at this level. Desirable but not premium quality.

Gem (MS-65+)

$650 – $16,800

Sharply struck, essentially mark-free surfaces with full original luster. Red (RD) color multiplies value dramatically. Fewer than ~200 examples are estimated to exist at this level — genuinely rare.

Pro Tip — Color Matters More Than You Think: For the 1878 Indian Head cent, the color designation (Brown, Red-Brown, or Red) can multiply value by 3× to 5× at the same numeric grade. An MS-65 Brown trades around $650; an MS-65 Red can exceed $3,000. The brightest copper-red luster fades quickly with exposure to air and humidity, so coins stored in original rolls or sealed holders are far more likely to retain Red status. Always verify color under incandescent or natural light, not fluorescent, when making grading decisions.

📱 CoinKnow can cross-reference your coin against graded population data to help match your example's condition to certified comparables — a coin identifier and value app.

Snow-2 MPD Self-Checker: Do You Have the Misplaced Date?

The Snow-2 (MPD-001) is the most sought-after 1878 die variety. Use the comparison cards and checklist below to assess whether your coin shows the diagnostic features — then hit Verify to see your result.

Side-by-side comparison of normal 1878 Indian Head Penny date area versus Snow-2 MPD-001 showing ghost digit fragments below the date

Common Date — Normal Die (What most people have)

  • Clean denticles below the "1878" date — no extra marks
  • Date digits show clean, sharp bases with no secondary impressions
  • No visible raised fragments in the denticle field below the date
  • Values start around $43 in Good and $83 in Fine condition
— VS —

⭐ Snow-2 MPD-001 — Misplaced Date (The valuable one)

  • Three distinct digit fragment impressions visible in the denticle field below the date
  • Fragments span approximately five denticles in a horizontal band
  • Impressions are raised and bold, not scratched — clearly from the die, not damage
  • Premiums of 60–150% over normal-date values at all grade levels

Self-Checker Diagnostic — Check All That Apply

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Free 1878 Indian Head Penny Value Calculator

Select the options that match your coin. The calculator covers the most important variety and condition combinations based on real 2026 auction data.

Step 1 — Mint Mark

Step 2 — Condition

Step 3 — Variety / Error (check all that apply)

If you're not yet sure about your coin's mint mark, condition, or variety details, there's a 1878 Indian Head Penny Coin Value Checker online tool that lets you upload a photo and get an AI-powered identification before you return here to run the calculator.

Describe Your 1878 Indian Head Penny for a Detailed Assessment

Tell us what you see on your coin in plain language — our keyword analyzer will identify the most likely variety and value range for your specific specimen.

Mention these things if you can

  • Any extra marks or ghost images below the date
  • Whether you see doubling on the date or reverse
  • A raised blob on the rim at the lower-left
  • Coin's color: bright red, brown, or mixed
  • Level of wear on Liberty's cheek and feather tips
  • Proof-like mirror finish on the fields

Also helpful

  • LIBERTY headband — all letters legible?
  • Any cleaning marks or pitting visible?
  • Weight if you have a jeweler's scale
  • Diameter (should be 19mm)
  • Any professional grading slab?
  • Where the coin was found or stored

Where to Sell Your Valuable 1878 Indian Head Penny

🏆 Heritage Auctions

The world's largest numismatic auction house is the best option for certified gem examples, Snow varieties in MS-63 and above, and proof coins. Heritage's bidder pool reaches serious registry set collectors who drive the highest prices — the $16,800 record sale was achieved here. Minimum consignment value typically applies; contact their U.S. Coin consignment team for current requirements.

🛒 eBay

eBay is the most liquid market for circulated 1878 cents in the $50–$300 range. Raw (uncertified) coins in Good through Very Fine grade sell reliably here. Check recently sold prices for 1878 Indian Head cents on completed listings to price your coin accurately before listing. Use "Sold Items" filters to see real transaction prices rather than asking prices.

🏪 Local Coin Shop

A local dealer offers immediate payment with no shipping risk or listing fees. Expect offers of 40–65% of retail value — dealers need margin to resell profitably. This is best for coins in Good through Fine condition where the dollar difference between wholesale and retail is modest. Get 2–3 quotes before selling; prices vary significantly between shops.

💬 Reddit (r/Coins4Sale)

The r/Coins4Sale and r/CoinSales communities allow direct collector-to-collector transactions with no auction fees. Sellers typically price at 10–20% below PCGS/NGC retail, which is attractive to buyers while still offering better returns than dealer wholesale. Works best for raw coins in VF through AU range where buyers can assess condition from good photos.

💡 Get It Graded First

For any 1878 Indian Head penny that appears uncirculated, shows Red color, or displays a die variety, professional grading by PCGS or NGC almost always pays for itself. A certified MS-63 RB reliably sells for $415–$498; the same coin raw might bring $200–$280. Snow-2 MPD varieties especially benefit from attribution on the slab label, which drives premium bids from variety collectors who won't gamble on unattributed raw coins.

Frequently Asked Questions

What is a 1878 Indian Head Penny worth?

A heavily worn 1878 Indian Head Penny in Good (G-4) condition is worth around $43–$60. In Very Fine (VF-20) condition, values climb to roughly $125–$207. Uncirculated examples start around $350–$440 in MS-60, and premium gem examples in MS-65 Red can exceed $650. The all-time auction record stands at $16,800 for an MS-66+ Red specimen sold by Heritage Auctions in April 2021, confirmed by PCGS records.

Why is the 1878 Indian Head Penny considered a semi-key date?

The 1878 cent had a circulation mintage of just 5,797,500 — the third-lowest total in the series from 1878 onward, surpassed only by the rare 1908-S and 1909-S issues. Among bronze Indian cents minted between 1864 and 1878, only the 1870, 1871, 1872, and 1877 have lower mintages. This relatively low production, combined with heavy circulation wear on surviving examples, makes high-grade specimens genuinely scarce and collectible.

What is the Snow-2 MPD variety on the 1878 Indian Head Penny?

The Snow-2 (MPD-001) is a misplaced date variety where portions of three digits are visible spanning approximately five denticles below the date on the obverse die. The misplacement is bold and easily visible under a 10× loupe, making it one of the most desirable die varieties for the 1878 cent. It was attributed by Chris Pilliod and cross-referenced as FND-002. Collectors pay a meaningful premium over normal-date examples at all grade levels.

How many 1878 Indian Head Penny proof coins were made?

The Philadelphia Mint struck 2,350 proof 1878 Indian Head cents. These were produced for collectors and feature deeply mirrored fields with frosted devices. Proof examples in PR-63 Red-Brown trade in the $340–$470 range, while PR-65 Red specimens have sold for $700–$960. Cameo and Deep Cameo designations command significant premiums, with a PR-66 Red Cameo realizing $4,800 at Heritage in December 2024.

What does a 1878 Indian Head Penny look like in Good condition?

In Good (G-4) condition, the coin is heavily worn with a shallow, flat relief. The outline of Liberty's portrait remains visible, and the word LIBERTY on the headband may show only faint traces or may be partially obscured. The wreath design on the reverse is present but lacks fine detail. Rims are complete but may show flatness. Despite the wear, the coin is still identifiable and desirable as a date filler, typically worth $43–$60.

Does the 1878 Indian Head Penny have a mint mark?

No. All 1878 Indian Head cents were struck exclusively at the Philadelphia Mint, which did not use a mint mark during this era. There are no 1878 Indian Head cents from the San Francisco or other branch mints. The absence of a mint mark is normal and expected — do not mistake a clean reverse for a missing mint mark. The only variety distinction comes from die varieties like the Snow-1 RPD and Snow-2 MPD.

What is the Snow-1 RPD variety on the 1878 Indian Head Penny?

The Snow-1 (RPD-001) is a repunched date variety attributed to Chris Pilliod and cross-referenced as FND-001. On this die, the date digits show evidence of an earlier punch that was partially effaced before a second punching was applied. The doubling is visible as a secondary impression at or near the digit bases. While less dramatic than the MPD-002, the Snow-1 is still a sought-after variety among Indian cent specialists and commands a modest premium over common-die examples.

What composition is the 1878 Indian Head Penny made of?

The 1878 Indian Head cent is struck in bronze, an alloy of 95% copper and 5% tin and zinc. It weighs 3.11 grams and measures 19 millimeters in diameter with a plain edge. The coin was designed by James Barton Longacre and features Liberty wearing a Native American headdress on the obverse, with a shield-and-wreath reverse design adopted in 1860. The bronze composition replaced the earlier copper-nickel alloy used from 1859 to 1864.

What color designations apply to the 1878 Indian Head Penny?

Like all copper cents, the 1878 Indian Head penny is graded with a color suffix: Red (RD) for coins retaining 95% or more of original mint luster; Red-Brown (RB) for coins showing 5–95% red color; and Brown (BN) for coins with less than 5% original red color. Red coins command the highest premiums, sometimes several times the value of Brown examples at the same numeric grade. Fully red gem examples (MS-65 RD and higher) are particularly rare and desirable.

Where should I sell a valuable 1878 Indian Head Penny?

For gem uncirculated or variety specimens, Heritage Auctions or Stack's Bowers reach the deepest collector pool and typically produce the strongest prices. eBay is practical for circulated examples in the $50–$300 range. Local coin shops offer immediacy with no listing fees but may offer 30–50% below retail. Before selling any example worth more than $200, consider submitting to PCGS or NGC for certification, as slabbed coins consistently outperform raw coins at auction.

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