The Indian Head one cent coin, also known as an Indian Penny , was produced by the Us Mint from 1859 to 1909. Designed by James Barton Longacre, the engraver at the Philadelphia Mint 1844- 1869. The obverse of the coin shows “UNITED STATES OF AMERICA,” the head of Liberty penny wearing a feather headdress of an Indian and the year of production. The word “LIBERTY” appears on the band of the head-dress. From 1859 to 1864 the design did not feature any mark of the designer. When the change to bronze (see below) occurred in 1864, Mr Longacre modified the portrait by sharpening the details. He added his initial “L” on the ribbon behind Liberty’s neck as well. This design would continue until the end of the series, with a minor modification by Charles E Barber in 1886 when the portrait was changed slightly.
Two reverse designs were used for the series. In 1859 the reverse featured “ONE CENT” within a wreath of laurel (or properly olive). From 1860 until the end of the series the reverse featured “ONE CENT” within a wreath of oak and olive tied at the base with a ribbon with a Federal shield above. This design continued until the end on the series in 1909 with a minor modification by Mr William Barber in 1870.
The total production of the Indian Head cent was 1,849,648,000 pieces. The 1909-S had the lowest mintage, 
only 309,000. It is not considered as scarce as the 1877 issue, (852,500), since fewer of those were kept, particularly in the higher grades. This penny is up for bid! … check it out!! http://www.onlineauction.com/index.php?page=auction:view_item&auction_id=1518469&title=1909s_Indian_Head_Cent_KEY_DATE_
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