The value of an 1864 one-cent coin depends on several factors, primarily its composition and condition.
Here’s a breakdown of the main varieties and their estimated values:
- 1864 Copper-Nickel Indian Head Cent: These coins have a mintage of 13,740,000 and are valued at around $20 in circulated condition. However, in pristine, uncirculated condition, they can sell for as much as $20,000.
- 1864 Bronze Indian Head Cent: With a mintage of 39,233,714, these bronze cents are generally valued at around $12.50.
- 1864 Bronze Indian Head Cent with “L” on Ribbon: This variety, including the designer’s initial “L” on the ribbon behind Liberty’s neck, has a pointed bust and is scarcer than the “No L” variety, according to CoinValues.com. These coins are valued at around $53 and up in circulated grades. Higher grades or proof versions can fetch much higher prices, with some proof examples reaching up to $200,000. According to L & C Coins an average circulated condition is valued at $195.
- [1864 Copper-Nickel Proof]: These proofs, with a mintage of approximately 370, are valued at around $3,200.
- [1864 Bronze Proof]: These bronze proofs, with an even lower mintage of approximately 150, are valued at around $10,500.
- [1864 Bronze Proof with “L” on Ribbon]: With an extremely low mintage of around 20, these are considered very rare and can reach values of $200,000 or more. Rare Coin Wholesalers offers a PR64+ Red example for $175,000. Another example graded PR65 is offered for $190,000.
- [
1864 Copper Nickel Indian Head Cent Ngc Pf66 Cameo Proof $5,225.00]
- [
1864 PCGS PR60 Bronze Proof Indian Cent $999.00]
- [
1864 INDIAN BRONZE 1C, L ON RIBBON PR64+ Red $175,000.00]
Note: These are approximate values and actual selling prices can vary depending on the specific coin, its grading, and the market at the time of sale. It’s always best to consult with a professional coin appraiser for an accurate valuation of your specific coin. You can also find graded examples of 1864 cents for sale on online marketplaces like eBay.
How do you identify a 1864 L Indian Head Penny?
Thanks for asking. While the “L” itself may not be visually evident on well-worn examples of the 1864 “L” on Ribbon, the scarcer variety may be attributed by the pointed tip of Miss Liberty’s bust – a clear giveaway that the coin is the “L” on Ribbon variety versus the No “L” specimens that show a blunted bust.
Which American 1 cent coins are valuable?
Great question! 1943-D Lincoln Bronze Wheat Penny — $2.3 million. …
1944-S Steel Wheat Penny — $1.1 million. …
1793 Strawberry Leaf Cent — $862,500. …
1943-S Lincoln Cent Struck on Bronze — $282,000. …
1909 VDB Matte Proof Lincoln Penny — $258,000. …
1958 Doubled Die Obverse Cent — $224,831. …
1856 Flying Eagle Cent — $172,500.