In fact, Longacre’s red-headed daughter, Sarah, was the model for the Indian Head penny. Interestingly, the “Indian” on the penny isn’t actually a Native American at all. Longacre, Chief Engraver at the United States Mint from 1844 until his passing in 1869, designed 1902 Indian Head pennies. 1902 proof Indian Head pennies sell for $1,275. The common business strikes retail for $2 in Good-4, which according to most collectors of 20th-century coins is considered the lowest collectible grade. 2,018 proof specimens were also made in 1902. Coin collectors often pursue 1902 pennies for type sets as well as to complete series collections of Indian Head pennies.ġ902 Indian Head cents were minted in large numbers, with 87,374,704 business strikes coming from the Philadelphia mint. They’re also available at most coin shops that deal in 19th- and 20th-century U.S. Mixed-date rolls and bags of Indian Head cents often contain 1902 pennies. 1902 Indian Head cents are quite common and are still widely available for coin collectors.
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