Very nice! I found this just Googling. Hope it helps
Professional Level Grading Finds Accurate Value
Large swings in 1877 Indian head penny value often hinge on small subtle details of the coin's surface. In the collecting market, grading a coin is understandably subjective with many personal views. Often an independent third party is called upon to render its opinion. As an important resource to the hobby, dealers and collectors routinely send high value coins to either PCGS or NGC for authentication and grading.
1877 Indian Head Penny Uncirculated Condition
Uncirculated: Total absence of wear is required to reach the lofty "uncirculated' grade. Original mint luster is still visible over the entire coin. By tilting an uncirculated penny side to side, unbroken luster rotates across the surface. Also, inspect the high points of the design for evidence of wear. A dulling and smoothness of the surface on her eyebrow, cheek and the ends of the feathers is an indication of slight wear. Heavier wear is noticeable by flattening of normally curved contours.
1877 Indian Head Penny Extremely Fine Condition
Extremely Fine: An 1877 Indian penny in "extremely fine" condition displays all major and minor design details. Your coin's overall appearance is distinct and sharp. Light wear has begun to remove the roundness of the hair curls behind her neck. In the center of the ribbon over these curls portions of the diamonds are fading. Hair above her eye and along the lower headband is showing light but distinct wear. Overall a visually pleasing coin, with no distracting faults.
1877 Indian Head Penny Fine Condition
Fine: Highest parts of the design, cheek, neckline and headband are visibly worn, and somewhat flat. However, all major details remain clear, indicating an Indian penny in "fine" condition. Roundness of her cheek and chin has worn away. Along the back of her neck most fine details separating the hair curls are blended into one. Giving your coin definition the central area of the headdress is well defined with the headband and feathers separated. Overall a bold, moderately worn image remains.
1877 Indian Head Penny Good Condition
Good: Heavy wear has reduced the portrait to almost a flat silhouette. The headband and hair above the eye are no longer separated, hair curls along her neck and ribbon are merged. Despite its worn appearance, 1877 Indian head penny value remains above $500. Still a very popular and sought after coin.
