What is a 1903 Indian Head Penny? This is a coin that was used by many Indians as a means of earning money. It had originally been created as a way to test the skills of the British colonialists in India. When they received their first payment in pennies, they marked the coin so that if anyone should want to know its true value, all that needs to be done is compare the coin with another similar coin from the same shipment.
This coin has been around for a long time. Indians have been using it since as long as records have been kept. The Indians called this type of coin “Aabbeh”. It was common to use these pennies in trade or as a form of currency during the early years of American occupation. They are made in various denominations like a one dollar, two dollar and three dollar coin.
What is the true value of an Aab Beh penny? There is no sure way to determine this. However, there are a number of factors that can increase or decrease the value. These factors are the quality of the coin, the age and nomenclature of the coin, the rarity and the origin of the coin.
How old is the penny? How many times has the penny been traded? Did it lose its value or gain value over time? Did the present pennies become worth more than those which were traded in the past? All these questions can help you determine the age of the coin.
What is the nomenclature of the coin? This includes the country in which the coin was minted. For example, the penny from India would have a different denomination than the one from the United States. In addition, all pennies from a particular country may carry the same denomination. Examples are British pennies, Canadian pennies and so on. The minting year also plays an important role in determining the value of the coin.
How rare is the coin? What is its rarity rating? Rare means it is extremely valuable. Ultra rare means it is extremely valuable. You can get a feel of its value by looking at some appraisal guides like the Price Guide to Coins or the American Numismatic Association’s (ANA’s) coin values.
Where is this coin found? The coin is usually found in the United States, in California and also in some other places in the world. On rare occasions it can be found in foreign countries.
If you plan to purchase these coins online, look for certified coins that are graded and stamped with an official seal from the ANA. It is best to purchase from trusted merchants. Check their testimonials and ensure they sell only certified coins. Furthermore, verify their terms and conditions before ordering from them.