1902 Penny

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The British pre-decimal penny coin, abbreviated as 1d (from 'denarius' - the Roman coin from which the penny is directly descended), was a unit of currency that equalled one two-hundred-and-fortieth of a pound sterling (there were 20 shillings to a pound, and 12 pence to a shilling so one pound was equal to 240 pence).

After opening his first store for business in 1902 in Kemmerer, Wyo., J.C. Penney tallied first day's sales of $33.41. In 2012 revenue at the company he built was $13 billion. USA Coin Book Estimated Value of 1902 Indian Head Penny is Worth $3.14 in Average Condition and can be Worth $40 to $60 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $152 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. 1902 low tide Penny Item Reference: C1 In Stock Share Edward VII, Bronze Penny, 1902, bare head right, rev Britannia seated right with trident and shield, sea with low tide level (Fr.156, dies 1+A; Gouby 1902A; S.3990A).

The denomination continues the tradition of earlier penny coins of Great Britain, which also featured the figure of Britannia. The bronze coins of these specifications replaced the larger copper pennies which were issued until 1860. The new, more durable, alloy was composed of 95 parts of copper, four of tin and one of zinc. Between 1860 and 1895, the penny had the third Britannia design on the reverse, and Queen Victoria's 'Bun Head' effigy. In 1895, the reverse was updated to this fourth Britannia design - which is a simplified version of the earlier design by Leonard Charles Wyon, and the obverse to the Queen's 'Veiled Head' portrait. Unlike the smaller denominations, which were redesigned for the new coinage of King George VI in 1937 (see the Ship Halfpenny and the Wren Farthing), the penny did not get a new design and retained the classic Britannia reverse until the end.

One Penny 1902 Edward Vii

During the reign of King George V, the mint had issues with the monarch's portrait by Sir Bertram Mackennal. Many of the bronze blanks used for the coins were produced by private firms in Birmingham. A great deal of difficulty was encountered in striking coins of this design. The high relief portrait caused a displacement of metal, called 'ghosting', that showed through on the reverse side as an incuse outline of the head. A new bronze alloy was adopted in 1923 in an effort to remedy the situation. It consisted of 95.5 per cent copper, 3 per cent tin and 1.5 per cent zinc. This alloy has a more golden tint than the former one. It lessened the hardness, enabling the coins to be more easily struck and lengthened the life of the dies. During 1925 the features of the design were slightly modified to further help eliminate the 'ghosting', but this fault was not fully corrected until 1928 when a new design, with a smaller head, was introduced. The coins with the modified effigy from late 1925 and thereafter all have the designer’s initials in small letters without periods.

Penny 1902 Low Tide Freeman 156 dies 1+A UNC with practically full lustre, in a PCGS holder and graded MS64 RB: £190 Auction 163: English Coins: Lot 789: Penny 1902 Low Tide Freeman 156 dies 1+A UNC with around 40% lustre, a very pleasing example, the reverse fully struck: £95. Type: Indian Head Penny Year: 1902 Mint Mark: No mint mark Face Value: 0.01 USD Total Produced: 87,374,000 Silver Content: 0% Numismatic Value: $2.50 to $55.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $2.50, while one in certified mint state (MS+) condition could bring as much as $55 at auction.

One penny coins issued in 1902 remained in circulation for 69 years until 'Decimal Day', 15 February 1971 when the old currency was demonetised and the decimal Pound Sterling was introduced, with a new decimal penny replacing these old coins.

Bronze Composite Penny

Minted at: Philadelphia (No Mint Mark)

Metal Composition: 95% Copper - 5% Tin and Zinc

Mass / Weight: 3.11 grams

What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.):
Coin Value Chart: Typical Coin Prices, Values and Worth in USD based on Grade/Condition
Good
(G-4)
Very Good
(VG-8)
Fine
(F-12)
Very Fine
(VF-20)
Extremely Fine
(EF-40)
About Uncirculated
(AU-50)
Uncirculated
(MS-60)
Uncirculated
(MS-63)
Proof
(PR-63)
$2.17$3.14$4.89$6.32$11$22$40$60$152
One penny 1902 edwards
USA Coin Book Estimated Value of 1902 Indian Head Penny is Worth $3.14 in Average Condition and can be Worth $40 to $60 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $152 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of coin). Click here to see the Melt Value of every US Coin.
MELT VALUE: $0.0241
Even More Indian Head Cent Penny Years/Mints/Varieties


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1902 Penny

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