Many collectors pursue lightly worn and pleasing examples as they are building sets. Rarity and collector interest established a high value on gem 1905 Indian pennies.Įlite condition coins are only a small part of the coin collecting hobby, their rarity is a limiting factor. This coin was sold at a David Lawrence rare coin auction after multiple bids took the price to $690. When a coin of this gem quality is offered in the market it is likely in an auction setting. In fact this coin is outstanding in eye appeal. Collectors would describe it as 'Gem uncirculated.' Bright original color, mark free surfaces and absent are any visual distractions. Pictured is a 1905 penny taking the term to a different level. Highest Value for Gem Quality 1905 Indian Head PennyĪn Indian penny showing no signs of wear to its surface is known as 'uncirculated' condition.
