Price Guide for 1908 Cent Variants

This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.

1908-S Penny, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $26.00 – $414.00
    Uncirculated: $127.00 – $2,760.00
  • eBay
    Circulated: $41.09 – $721.11
    Uncirculated: $163.50 – $3,999.95
  • PCGS Price Guide
    Circulated: $48.00 – $335.00
    Uncirculated: $350.00 – $1,400.00
1908 Penny, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $7.00 – $1,380.00
    Uncirculated: $13.00 – $480.00
  • eBay
    Circulated: $0.99 – $308.00
    Uncirculated: $8.50 – $601.00
  • PCGS Price Guide
    Circulated: $1.00 – $50.00
    Uncirculated: $55.00 – $475.00
1908-S Penny, RB (Regular Strike)
  • 3rd Party Price
    Circulated: $35.00 – $423.00
    Uncirculated: $3.00 – $6,038.00
  • eBay
    Circulated: $100.00 – $269.00
    Uncirculated: $210.00 – $3,850.00
  • PCGS Price Guide
    Uncirculated: $400.00 – $6,250.00
1908 Penny, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $60.00 – $33,600.00
  • eBay
    Uncirculated: $82.00 – $27,560.00
  • PCGS Price Guide
    Uncirculated: $70.00 – $32,500.00
1908 Penny, BN (Proof)
  • 3rd Party Price
    Circulated: $59.00 – $115.00
    Uncirculated: $80.00 – $1,645.00
  • eBay
    Uncirculated: $170.72 – $898.00
  • PCGS Price Guide
    Circulated: $90.00 – $100.00
    Uncirculated: $110.00 – $2,650.00
1908 Penny, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $24.00 – $1,468.75
  • eBay
    Circulated: $9.95 – $95.00
    Uncirculated: $46.00 – $1,525.00
  • PCGS Price Guide
    Uncirculated: $60.00 – $1,500.00
1908 Penny MPD FS-301, S-4, BN (Regular Strike)
  • eBay
    Circulated: $75.00
  • PCGS Price Guide
    Circulated: $8.00 – $275.00
    Uncirculated: $300.00 – $450.00
1908 Penny MPD FS-301 S-4 (011.77), RB (Regular Strike)
  • eBay
    Uncirculated: $1,175.00 – $1,187.49
  • PCGS Price Guide
    Uncirculated: $315.00 – $850.00
1908 Penny MPD FS-302 S-9 (011.79), BN (Regular Strike)
  • 3rd Party Price
    Circulated: $200.00 – $798.00
  • eBay
    Circulated: $249.95 – $522.49
    Uncirculated: $480.00 – $590.00
  • PCGS Price Guide
    Circulated: $10.00 – $585.00
    Uncirculated: $600.00 – $800.00
1908 Penny MPD FS-302 S-9 (011.79), RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $432.00 – $630.00
  • eBay
    Uncirculated: $380.00
  • PCGS Price Guide
    Uncirculated: $925.00
1908-S Penny, RD (Regular Strike)
  • 3rd Party Price
    Circulated: $92.00
    Uncirculated: $253.00 – $21,600.00
  • eBay
    Uncirculated: $480.00 – $4,751.00
  • PCGS Price Guide
    Uncirculated: $425.00 – $27,500.00
1908-S/S Penny RPM FS-501 S-1, BN (Regular Strike)
  • 3rd Party Price
    Uncirculated: $334.00 – $750.00
  • eBay
    Circulated: $338.00
  • PCGS Price Guide
    Circulated: $65.00 – $450.00
    Uncirculated: $460.00 – $700.00
1908 Penny, RB (Proof)
  • 3rd Party Price
    Circulated: $546.00
    Uncirculated: $1.25 – $4,313.00
  • eBay
    Uncirculated: $140.00 – $2,356.00
  • PCGS Price Guide
    Uncirculated: $140.00 – $5,250.00
1908 Penny, RD (Proof)
  • 3rd Party Price
    Uncirculated: $161.00 – $17,037.50
  • eBay
    Uncirculated: $421.00 – $1,325.00
  • PCGS Price Guide
    Uncirculated: $200.00 – $22,000.00
1908 Penny, CAM (Proof)
  • 3rd Party Price
    Uncirculated: $633.00 – $7,800.00
  • eBay
    Uncirculated: $7,000.00
  • PCGS Price Guide
    Uncirculated: $225.00 – $8,500.00

Design and Specifications of the 1908 Cent

The 1908 Indian Head Cent represents one of the final years of this iconic design, which was first introduced in 1859. This penny was part of the Indian Head cent series that would be replaced by the Lincoln cent in 1909. The design, featuring Lady Liberty wearing a Native American headdress, was created by James Barton Longacre, the Chief Engraver of the U.S. Mint at the time.

1908 was a significant year as it marked the 50th anniversary of the Indian Head cent design, though no special commemorative versions were produced for this milestone.

Weight 3.11 grams
Diameter 19.05 mm
Mint Marks None (Philadelphia)
Composition 95% copper, 5% tin and zinc
Obverse Design Indian Head, designed by James Barton Longacre
Reverse Design Oak wreath and shield, designed by James Barton Longacre

Rarity Factors and Value Drivers

The condition of a 1908 Indian Head Cent significantly impacts its value. While the coin is relatively common in circulated grades, it becomes increasingly scarce in higher mint state conditions. Coins in MS63 to MS64 grades are sought after, while those in MS65 or above are quite rare and command substantial premiums.

Key factors affecting value include:

Strike quality: Well-struck coins with full details, especially in the headdress feathers and diamonds in the ribbon, are more desirable.
Luster: Original mint luster adds significantly to the coin’s appeal and value.
Color: Original red or red-brown specimens are typically more valuable than brown examples.
Surface preservation: Coins free from noticeable marks, scratches, or spots are highly prized.

Philadelphia, No Mint Mark

Mintage: 32,326,367

Rarity Scale: Common

Circulation Status: Widely Circulated

Preservation Rarity: Scarce in grades MS65 and above

Varieties Errors: None significant for this year

Market Demand: Moderate, popular with collectors of the Indian Head series

Additional factors that can affect the 1908 Indian Head Cent’s value include:

1. Toning: Natural, attractive toning can enhance a coin’s appeal and value, especially for high-grade specimens.
2. Die state: Late die state coins with interesting characteristics might appeal to specialized collectors.
3. Provenance: Coins with a notable ownership history or from famous collections may command a premium.
4. Certification: Coins graded and encapsulated by reputable third-party grading services often sell for higher prices than raw coins.
5. Historical significance: As one of the last years of the Indian Head design, the 1908 cent holds particular interest for some collectors.

While not as rare as some key dates in the series, the 1908 Indian Head Cent remains a popular coin with collectors, especially in higher grades.

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