How much is a 1864 penny worth today?
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.
Where is the L on a 1864 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 does an 1864 penny look like?
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. Compared to a modern post 1982 penny, the weight is almost double.
Where is the L on a 1864 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. This is depicted between the arrows in the example image of the coin above.
What was the composition of the 1864 Penny?
Over 13 million 1864 dated pennies were minted using the copper and nickel composition. Over 39 million 1864 dated coins were made with the bronze composition. The copper and nickel coins have a slightly silver-ish color to them, while the bronze coins have a deeper orange color.
What kind of Penny has L on it?
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. 1864 L’s are the rarest and, as such, carry the heftiest price tag. Also, if you would like to spot the “L” on your coin, a magnifying glass would be helpful considering the inscription is so miniscule.
What was the Penny made out of in 1859?
A major change accrued with the metal alloy of the penny. The copper-nickel variety, the type minted since 1859 is replaced by the bronze alloy cent. Now there are two very different coins for this year. Finding the copper-nickel type is the prize, far fewer were produced and of special interest to collectors.