The 1904 Indian Head cent is a semi-key date. Approximate retail values (USD) for problem-free coins:
| Grade | Value Range |
|---|---|
| Good (G-4) | $15–$25 |
| Very Good (VG-8) | $30–$45 |
| Fine (F-12) | $60–$90 |
| Very Fine (VF-20) | $120–$180 |
| Extremely Fine (EF-40) | $250–$400 |
| About Uncirculated (AU-50) | $500–$800 |
| Mint State (MS-60) | $1,200–$2,000 |
| Mint State (MS-65) | $5,000–$8,000+ |
Note: The previously cited figures ($200k–$1.5M) are incorrect for this date; they likely confuse it with the 1877 or 1909-S key dates. Always authenticate with PCGS/NGC for high-grade coins.