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What is the value of an Indian Head Penny, 1864?

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As of May 2011, the value of an 1864 Indian Head Penny was estimated to be $19. The Indian head penny from the year 1859 to 1864 included 88 percent copper and 12 percent nickel but this was distorted to 95 percent copper and 5 percent of a tin and zinc alloy in 1864.

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