CoinTrackers.com has estimated the 1864 Indian Head Penny value at an average of $10.00, one in certified mint state (MS+) could be worth $650.
What is an 1864 L Indian head penny?
The 1864 L Indian Head Penny had a mintage of an estimated 5,000,000 pieces. This is one of the most famous pieces in the series. The “L” on the ribbon is the initial of the chief engraver James Longacre.
How can you tell the difference between an 1864 Indian head penny?
1864 Indian Head Penny: No “L” on Ribbon The first has a plain ribbon tail behind the neck where the headband meets the curls of hair. Another indicator for this variety is that the tip of the bust is more rounded than on the variety with the “L”. This is the more common variety of the 1864 Indian Head penny.
How much is a 1964 Indian head penny worth?
Most worn 1964 pennies are worth the value of their copper content — or about 2 cents.
Where is the L on a 1864 L Indian head penny?
The 1864 “With L” Indian Head Cent (Penny) features a small “L” on the ribbon behind the Indian Head next to the bottom feather.
What is a 1964 Indian head penny worth?
2 cents
1964 Penny Values – Most 1964 pennies are worth 2 cents. Some (the 1964 SMS penny) are worth more!
A separate, third type of 1864 Indian Head Penny exists, and it is a bronze type 1864 with an “L” inscribed behind the hair on the Indian’s neck.
What makes a 1864 Indian Head penny valuable?
When it comes to grading and ultimately determining the value of your 1864 Indian Head, the type is important, but so too is the coin’s condition.
What’s the difference between a 1864 Penny and a copper penny?
This is a good indication yours is the copper-nickel alloy variety, the rarer of the two alloys. Color of bronze 1864 pennies is a darker red shade and copper-nickel cents a paler yellow. Also copper-nickel pennies are noticeably heavier and slightly thicker than the later bronze Indian penny.
How much is an Indian Head penny worth?
A very popular coin, everyone understands and has heard of the value of an Indian Head penny. Common dates are now worth more than 90 cents each. Many collectors are building collections and putting a heavy demand on the rare dates and better condition coins.
How much money is a wheat penny worth?
A good rule of thumb is that they are worth at least 3 or 4 cents even in poor condition, but those in good condition (not including special years) are worth at least double digit dollars ($10 or more) when purchased or sold in MS-63 condition.
