value of indian head 1909 gold coin

1 ANSWERS

1. amomipais82
   

   Hi,
   About $300, mostly for its gold content.
   All Indian head cents were minted at the Philadelphia U.S.A. government mint (except during 1908 and 1909 when some were also made at the San Francisco mint).  San Francisco minted coins bear a "S" mintmark on the bottom of the reverse, while Philadephia minted coins do not have "mint marks".  "S" mint marked indiancents are somewhat scarce and more valuable than many other dates.  High grade coins of most any dates can also bring very substantial premiums.  
   
      There were many variations and varieties of these coins. For example, during the first six years (1859 to 1864) Indian Head cents were made of 88% copper and 12% nickel, resulting in a slightly less coppery red-brown color.  During the civil war many of cents were hoarded and disappeared from circulation. These copper-nickel Indian pennies were also called "nickels" or "nicks" at that time.  This was before nickel 5 cent pieces were produced.  When five cent nickel coin production began (in 1866) people started calling five cent coins nickels and the Indian cents lost that as their nick name.
   
       In the middle of 1864 composition changed to 95% copper and 5% tin.  The coin's weight also decreased and remained the same through the Lincoln cent series (until 1982).
   
   You can check also the link for more information:
   http://lynncoins.com/indian-cent-rolls.htm

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