1947 Indian Chief Roadmaster

Motorcycle

2-cyl. 1200cc/40hp

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$25,500*

+3.7%
#4 Fair condition#4 Fair
Value Graph07/2310/2301/2404/24$5k$10k$15k$20k$25kJun 2024
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1946-1953 Indian Chief stats
Highest sale
$165,000
Lowest sale
$7,700
Most recent sale
$11,000
Sales
212
insurance

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**Figure based on a stock 1947 Indian Chief valued at $25,500 with OH rates with $100/300K liability/UM/UIM limits. Actual costs vary depending on the coverage selected, vehicle condition, state and other factors. Hagerty determines final risk acceptance.

Model overview

Model description

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Common Questions

The value of a 1947 Indian Chief Roadmaster can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $25,500 for a 1947 Indian Chief Roadmaster in good condition with average spec.

The highest selling price of a 1947 Indian Chief Roadmaster at auction over the last three years was $23,100. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1947 Indian Chief Roadmaster at auction over the last three years was $23,100. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 1 1947 Indian Chief Roadmasters sold at public auction.

The most recent auction sale of a 1947 Indian Chief Roadmaster was $23,100 on January 31, 2025 by Mecum Auctions.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.

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