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This coin needs to be seen for a value because in 1864 the government changed the composition and redesigned the obverse of the coin creating 3 different varieties of the same coin dated 1864. The value of each type is very different. Take it to a dealer or collector for a better idea of value.

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Q: What is the value of an 1864 US Indian Head Penny?
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What is the value of a silver 1903 Indian head penny?

There was never a silver Indian Head penny.


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