These were sold at the Sanitary Fair in Philadelphia (also called the Great Central Fair) held June 7-28, 1864 to raise money for medical care of Union soldiers. and in honor of the passage of the emancipation proclamation (they also sold signed copies of the emancipation proclamation personally signed by Lincoln for $10). The surviving signed copies of the emancipation proclamation are worth something like a million dollars each (literally). The ribbons ironically are just as rare! Seriously, I think there are more signed copies of the proclamation than the ribbons.

The last example to sell at auction was in the July Heritage political memorabilia auction (Lot 61134). It sold for $937.50, a very reasonable price in my opinion because it’s just undervalued (I think due to a combination of its great rarity and having no self-explanatory text) and it is not explicitly campaign (I would argue that is really is also campaign because the campaign was going on at this time).

A screen shot of the Heritage auction appears in photos above. This is a great ribbon and in my opinion also a particularly great collecting value among Lincoln ribbons.

Heritage Auctions description of this ribbon reads as follows:

Abraham Lincoln: 1864 Sanitary Fair Ribbon. 2" x 5" portrait ribbon woven and sold at the 1864 Sanitary Fair in Philadelphia. The ribbon comes in different colors, including brown. A rare ribbon from an important Civil War soldiers fund raising event. EX