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Key Date
Obverse of 1864 Indian Head Penny

Obverse

Reverse of 1864 Indian Head Penny

Reverse

1864 Indian Head Penny

$265 – $142,050

The 1864 Indian Head Penny was minted at the Philadelphia Mint with a mintage of 3,026,737. Values range from $265 in lower grades to $142,050 in top condition. This is a key date, making it especially sought-after by collectors.

1864 | P | Mintage: 3,026,737
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Market Activity

51 recent sales
SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $2,063 High: $142,050 Low: $3 51 sales 88 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)
$265
Very Good (VG-8)
$330
Fine (F-12)
$545
Very Fine (VF-20)
$890
Extremely Fine (EF-40)
$235
About Uncirculated (AU-50)
$2,700
Mint State (MS-60)
$3,925
Choice (MS-63)
$5,725
Gem (MS-65) Best Value
$19,325
Superb Gem+ (MS-67)
$142,050
Under $100 $100 - $1,000 Over $1,000

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Coin Specifications

Year
1864
Mint
P
Mintage
3,026,737
Composition
95% Copper, 5% Tin/Zinc
Weight
3.11
Diameter
19.05
Edge
Plain
Designer
James Barton Longacre
Series
Indian Head Penny (1859-1909)
PCGS #
2203

Historical Notes

Popular key date

About the Indian Head Penny

The Indian Head Penny series began in 1859 to replace the larger, heavier Flying Eagle cent. James B. Longacre designed the coin while serving as the Chief Engraver at the Philadelphia Mint. He chose a portrait of Lady Liberty wearing a Native American headdress instead of an actual Native American figure. This design choice drew criticism for its lack of historical accuracy, but the coin remained popular with the public for half a century. The design underwent one major change in 1860 when Longacre added a laurel wreath to the reverse side to replace the original oak wreath and shield. The series ended in 1909 after the Mint introduced the Lincoln cent. The Indian Head Penny remains a staple of American numismatics because it represents the transition to the modern small cent format.

Collecting Indian Head Penny Coins

Start your collection with common dates like 1900 through 1908, which you can find in good condition for under $5. Focus on identifying the 1877 date, which has a mintage of only 852,500 and carries a high price tag. Check your coins for environmental damage or heavy cleaning, as these flaws ruin the numismatic value. Watch for altered dates on coins from 1880, as forgers often change the final digit to mimic the rarer 1888 issue. Always use a 5x or 10x jeweler's loupe to inspect the fine details of the feathers and the date for signs of tampering.

This series includes key dates โ€” check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1864 Indian Head Penny worth? +
A 1864 Indian Head Penny is worth between $265 and $142,050 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1864 Indian Head Penny coins were made? +
The Philadelphia Mint produced 3,026,737 1864 Indian Head Penny coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1864 Indian Head Penny a key date? +
Yes, the 1864 Indian Head Penny is considered a key date in the Indian Head Penny series. Key dates are coins with low mintage, high collector demand, or both, making them among the most valuable in the series.
How much is an 1864 Indian Head Penny worth? +
A standard 1864 penny in good condition costs about $20, but the rare 'L' on ribbon variety sells for over $500 in similar grades. High-grade specimens with the 'L' variety reach prices into the thousands.
Is the 1864 Indian Head Penny rare? +
The 1864 'L' on ribbon variety is rare because only a small fraction of the 3,026,737 coins minted include the designer's initial. The non-'L' variety remains common and accessible for most collectors.

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