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Value of 1864 Indian Head Cent (L on Ribbon)

Value of 1864 Indian Head Cent (L on Ribbon) (obverse)
Obverse
Value of 1864 Indian Head Cent (L on Ribbon) (reverse)
Reverse

Diameter: 19 mm

Mintage: 39,233,714 (all 1864 bronze types)

Weight: 3.11 grams (48 grains)

Metal: Bronze (95% copper, 5% tin and zinc)

Edge: Plain

Designer: James B. Longacre

In 1864 the Indian Head cent changed from the hard copper-nickel alloy to a thinner bronze planchet, and late that year Mint engraver James B. Longacre added a tiny “L” — his initial — to the ribbon beneath the Indian Princess’s ribbon on the obverse. Only a few million were struck with the distinctive “L,” several times scarcer than the no-L bronze issue, and the variety is prized by collectors today. Look for the “L” on the lower ribbon; genuine examples command a strong premium, especially with full detail on the initial.

What’s It Worth?

Values depend heavily on grade, strike, color, and authentication. For a current, no-obligation valuation of your coin, send a few photos to our coin experts — we actively buy Indian Head cents in every grade. Email info@coinappraiser.com or call 888-707-1564.