Price Guide for 1864 Cent Variants

This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.

1864 Penny L on Ribbon, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $13.00 – $1,006.25
    Uncirculated: $127.00 – $4,080.00
  • eBay
    Circulated: $12.00 – $525.00
    Uncirculated: $189.00 – $2,170.00
  • PCGS Price Guide
    Circulated: $50.00 – $455.00
    Uncirculated: $470.00 – $5,000.00
1864 Penny Bronze, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $11.00 – $270.00
    Uncirculated: $31.00 – $5,760.00
  • eBay
    Circulated: $5.50 – $498.39
    Uncirculated: $44.00 – $2,065.00
  • PCGS Price Guide
    Circulated: $10.00 – $205.00
    Uncirculated: $210.00 – $4,500.00
1864 Penny L On Ribbon, BN (Proof)
  • 3rd Party Price
    Uncirculated: $374.00 – $129,250.00
  • PCGS Price Guide
    Circulated: $8,250.00 – $8,500.00
    Uncirculated: $58,000.00 – $140,000.00
1864 Penny Copper-Nickel (Regular Strike)
  • 3rd Party Price
    Circulated: $12.00 – $675.00
    Uncirculated: $62.00 – $13,800.00
  • eBay
    Circulated: $8.00 – $425.00
    Uncirculated: $69.00 – $3,400.00
  • PCGS Price Guide
    Circulated: $14.00 – $250.00
    Uncirculated: $260.00 – $37,500.00
1864 Penny L on Ribbon, RD (Regular Strike)
  • 3rd Party Price
    Circulated: $219.00
    Uncirculated: $12.50 – $34,075.00
  • eBay
    Uncirculated: $1,149.75 – $3,500.00
  • PCGS Price Guide
    Uncirculated: $550.00 – $65,000.00
1864 Penny Copper Nickel (Proof)
  • 3rd Party Price
    Circulated: $253.00 – $432.00
    Uncirculated: $5.15 – $22,425.00
  • eBay
    Circulated: $20.00 – $281.00
    Uncirculated: $105.70 – $2,300.00
  • PCGS Price Guide
    Uncirculated: $425.00 – $19,500.00
1864 Penny Bronze, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $92.00 – $29,795.00
  • eBay
    Uncirculated: $249.00 – $4,187.00
  • PCGS Price Guide
    Uncirculated: $200.00 – $35,000.00
1864 Penny Bronze, BN (Proof)
  • 3rd Party Price
    Uncirculated: $1.15 – $7,820.00
  • eBay
    Uncirculated: $950.00
  • PCGS Price Guide
    Uncirculated: $425.00 – $7,500.00
1864 Penny Polished Die FS-401 S-5 (Regular Strike)
  • 3rd Party Price
    Circulated: $109.00 – $495.00
    Uncirculated: $364.25 – $3,172.50
  • eBay
    Circulated: $10.50 – $85.00
    Uncirculated: $469.99 – $3,419.99
  • PCGS Price Guide
    Circulated: $100.00 – $410.00
    Uncirculated: $425.00 – $3,600.00
1864 Penny Bronze, RB (Regular Strike)
  • 3rd Party Price
    Circulated: $20.00 – $139.00
    Uncirculated: $51.00 – $5,520.00
  • eBay
    Circulated: $22.50
    Uncirculated: $135.50 – $2,199.00
  • PCGS Price Guide
    Uncirculated: $180.00 – $2,500.00
1864 Penny L on Ribbon, RB (Regular Strike)
  • 3rd Party Price
    Circulated: $41.00 – $288.00
    Uncirculated: $230.00 – $8,400.00
  • eBay
    Circulated: $84.77 – $393.00
    Uncirculated: $274.36 – $4,092.00
  • PCGS Price Guide
    Uncirculated: $525.00 – $20,500.00
1864 Penny DDO FS-1101 S-4 Bronze, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $329.00 – $518.00
    Uncirculated: $1,200.00
  • eBay
    Uncirculated: $1,036.00 – $1,425.00
  • PCGS Price Guide
    Circulated: $30.00 – $665.00
    Uncirculated: $700.00 – $1,500.00
1864 Penny DDO FS-1101 S-4 (006.47), RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $1,233.75
  • PCGS Price Guide
    Uncirculated: $675.00 – $1,750.00
1864 Penny RPD FS-1301 S-2 (006.48), BN (Regular Strike)
  • 3rd Party Price
    Circulated: $79.00 – $85.00
    Uncirculated: $168.00 – $990.00
  • eBay
    Circulated: $68.00 – $225.00
    Uncirculated: $200.00 – $526.00
  • PCGS Price Guide
    Circulated: $38.00 – $300.00
    Uncirculated: $325.00 – $1,000.00
1864 Penny RPD FS-1301 S-2 (006.48), RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $282.00 – $930.00
  • eBay
    Uncirculated: $563.99 – $1,475.00
  • PCGS Price Guide
    Uncirculated: $375.00 – $1,350.00
1864 Penny RPD FS-1301 S-2 (006.48), RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $2,243.00
1864 Penny Lathe Lines FS-1401 S-11, BN (Regular Strike)
  • 3rd Party Price
    Uncirculated: $312.00 – $504.00
  • eBay
    Uncirculated: $107.50 – $1,187.49
1864 Penny Lathe Lines FS-1401 S-11, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $780.00
  • eBay
    Uncirculated: $461.00 – $1,872.50
1864-L Penny RPD FS-2301, S-1 L On Ribbon, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $184.00 – $546.00
    Uncirculated: $600.00
  • eBay
    Circulated: $35.00 – $670.00
    Uncirculated: $299.99 – $4,770.00
  • PCGS Price Guide
    Circulated: $50.00 – $560.00
    Uncirculated: $600.00 – $1,400.00
1864 Penny RPD FS-2301, S-1 L On Ribbon, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $528.00 – $3,290.00
  • eBay
    Circulated: $34.00 – $500.00
    Uncirculated: $422.00 – $1,645.00
  • PCGS Price Guide
    Uncirculated: $625.00 – $2,000.00
1864-L Penny RPD FS-2305, S-2 L On Ribbon, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $192.00 – $312.00
  • eBay
    Circulated: $145.00 – $214.00
  • PCGS Price Guide
    Circulated: $50.00 – $505.00
    Uncirculated: $550.00 – $1,175.00
1864 Penny RPD FS-2305 S-2, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $978.00
  • eBay
    Uncirculated: $810.00
  • PCGS Price Guide
    Uncirculated: $650.00 – $8,000.00
1864 Penny RPD FS-2302, S-3 L On Ribbon, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $98.70 – $588.00
    Uncirculated: $384.00 – $6,000.00
  • eBay
    Circulated: $94.87 – $350.00
    Uncirculated: $749.95 – $750.00
  • PCGS Price Guide
    Circulated: $100.00 – $600.00
    Uncirculated: $625.00 – $6,250.00
1864 Penny RPD FS-2302 S-3 (006.71), RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $540.50 – $1,725.00
  • eBay
    Uncirculated: $710.00 – $1,099.00
  • PCGS Price Guide
    Uncirculated: $650.00 – $1,400.00
1864 Penny RPD FS-2302 S-3 (006.71), RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $1,770.00 – $2,232.50
  • PCGS Price Guide
    Uncirculated: $1,250.00 – $2,750.00
1864 Penny RPD FS-2303 S-4 L On Ribbon, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $116.00 – $840.00
    Uncirculated: $377.30 – $446.50
  • eBay
    Circulated: $42.00 – $500.00
  • PCGS Price Guide
    Circulated: $75.00 – $560.00
    Uncirculated: $575.00 – $1,100.00
1864 Penny RPD FS-2303 S-4 (006.72), RB (Regular Strike)
  • eBay
    Uncirculated: $2,750.00
  • PCGS Price Guide
    Uncirculated: $600.00 – $2,150.00
1864 Penny RPD FS-2304 S-5 (006.5), BN (Regular Strike)
  • 3rd Party Price
    Circulated: $94.00 – $376.00
    Uncirculated: $376.00 – $960.00
  • eBay
    Circulated: $77.50 – $285.00
  • PCGS Price Guide
    Circulated: $100.00 – $515.00
    Uncirculated: $550.00 – $1,400.00
1864 Penny RPD FS-2304 S-5 (006.5), RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $960.00 – $1,880.00
  • PCGS Price Guide
    Uncirculated: $750.00 – $2,150.00
1864 Penny RPD FS-2304 S-5 (006.5), RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $31,200.00
  • PCGS Price Guide
    Uncirculated: $1,250.00 – $34,000.00
1864 Penny w/ L RPD FS-2306, S-10, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $211.50 – $252.00
    Uncirculated: $403.00 – $805.00
  • eBay
    Circulated: $58.00 – $203.49
  • PCGS Price Guide
    Circulated: $70.00 – $525.00
    Uncirculated: $550.00 – $1,250.00
1864 Penny RPD FS-2306, S-10 L On Ribbon, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $930.00 – $1,234.00
  • eBay
    Circulated: $169.99
  • PCGS Price Guide
    Uncirculated: $635.00 – $1,400.00
1864 Penny RPD FS-2306, S-10 L On Ribbon, RD (Regular Strike)
  • 3rd Party Price
    Uncirculated: $12,075.00
  • PCGS Price Guide
    Uncirculated: $11,000.00 – $12,500.00
1864 Penny Copper Nickel, CAM (Proof)
  • 3rd Party Price
    Uncirculated: $561.00 – $13,200.00
  • eBay
    Uncirculated: $1,299.00 – $1,650.00
  • PCGS Price Guide
    Uncirculated: $450.00 – $25,000.00
1864 Penny Copper Nickel, DCAM (Proof)
  • 3rd Party Price
    Uncirculated: $1,762.50 – $12,925.00
  • PCGS Price Guide
    Uncirculated: $1,900.00 – $12,500.00
1864 Penny Bronze, RB (Proof)
  • 3rd Party Price
    Uncirculated: $409.00 – $17,625.00
  • eBay
    Uncirculated: $2,750.00
  • PCGS Price Guide
    Uncirculated: $1,500.00 – $14,000.00
1864 Penny Bronze, RD (Proof)
  • 3rd Party Price
    Uncirculated: $1,495.00 – $25,300.00
  • eBay
    Uncirculated: $3,283.00
  • PCGS Price Guide
    Uncirculated: $500.00 – $20,000.00
1864 Penny Bronze, CAM (Proof)
  • 3rd Party Price
    Uncirculated: $2,300.00 – $28,750.00
  • PCGS Price Guide
    Uncirculated: $1,600.00 – $37,500.00
1864 Penny Bronze, DCAM (Proof)
  • 3rd Party Price
    Uncirculated: $2,990.00 – $19,200.00
  • PCGS Price Guide
    Uncirculated: $21,000.00
1864 Penny L On Ribbon, RB (Proof)
  • 3rd Party Price
    Uncirculated: $31,900.00 – $161,000.00
  • PCGS Price Guide
    Uncirculated: $22,500.00 – $165,000.00
1864 Penny L On Ribbon, RD (Proof)
  • 3rd Party Price
    Uncirculated: $63,250.00 – $141,000.00
  • PCGS Price Guide
    Uncirculated: $50,000.00 – $125,000.00
1864 Penny L On Ribbon, CAM (Proof)
  • 3rd Party Price
    Uncirculated: $84,000.00 – $152,750.00
  • PCGS Price Guide
    Uncirculated: $72,500.00 – $175,000.00

Design and Specifications of the 1864 Cent

The 1864 Indian Head Cent marks a significant transition in U.S. coinage. This year saw a change in composition from copper-nickel to bronze, resulting in two distinct varieties. The switch was made to address the coin shortage during the Civil War, as the new bronze composition was cheaper to produce and not hoarded like the previous copper-nickel cents.

The lighter bronze cents were easier to strike and showed better detail. This change helped alleviate the coin shortage and marked the beginning of the bronze cent era that would continue for nearly a century.

Weight 3.11 grams
Diameter 19 mm
Mint Marks No mint mark (Philadelphia)
Composition 95% copper, 5% tin and zinc (bronze)
Obverse Design Indian Head, designed by James Barton Longacre
Reverse Design Oak wreath and shield, designed by James Barton Longacre

Rarity Factors and Value Drivers

The condition of 1864 Indian Head Cents significantly impacts their value. High-grade examples are particularly desirable, especially for the copper-nickel variety, which had a shorter production run. Coins with full strike details, especially on the feathers and diamonds in the headdress, command premium prices.

Red (RD) examples, retaining original mint luster, are highly sought after and valuable. Brown (BN) examples are more common, while Red-Brown (RB) coins fall in between in terms of desirability and value.

Philadelphia, No Mint Mark

Mintage: 39,233,714

Rarity Scale: Common

Circulation Status: Widely Circulated

Preservation Rarity: Scarce in grades MS65 and above, especially for the copper-nickel variety

Varieties Errors: Copper-Nickel composition (early 1864), Bronze composition (later 1864), Some bronze cents with 'L' on ribbon (designer's initial)

Market Demand: High, due to historical significance and transitional year status

The 1864 ‘L’ on Ribbon variety, where Longacre’s initial appears on the lower ribbon of the headdress, is particularly valuable and sought after by collectors. This variety was introduced later in the year and is scarcer than the non-L variety.

Die varieties and errors, such as repunched dates or misplaced digits, can add significant value. The transitional nature of this year’s coinage, with both copper-nickel and bronze compositions, makes it interesting to collectors and can affect value based on the specific variety.

Original, problem-free surfaces without cleaning or damage are crucial for maximum value, especially in higher grades. Attractive, natural toning can also enhance desirability among collectors.

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