The coin in question is an 1871 Indian Cent, minted in Philadelphia, with a mint mark of 'P'. This historical piece of currency is part of the Indian Cents series, which is well-regarded among collectors. The Indian Cent has a striking design, featuring a profile of Lady Liberty adorned with a wreath, reflecting the artistic style of its era. It has a denomination of 1 cent, commonly referred to as a penny, and is made from bronze, which was the standard material for cents during this period. The coin has a diameter of 19 mm and weighs approximately 3.11 grams. It was produced as a mint strike, indicating it was struck at a government facility, leading to high-quality examples. With a total mintage of 3,929,500, the 1871 Indian Cent is relatively common in the numismatic market, but its value can vary significantly based on its grade and condition. As a piece of American history, the 1871 Indian Cent offers a glimpse into the economic and cultural landscape of the United States in the late 19th century, making it a valuable addition to any coin collection. Collectors particularly seek well-preserved examples that highlight the intricate details of the design. Its current value will depend on both its condition and the market demand.