We study the algebraically irreducible representations of ℓ1(Σ) on complex vector spaces, its primitive ideals, and its structure space. The finite dimensional algebraically irreducible representations are determined up to algebraic equivalence, and a sufficiently rich family of infinite dimensional algebraically irreducible representations is constructed to be able to conclude that ℓ1(Σ) is semisimple. All primitive ideals of ℓ1(Σ) are selfadjoint, and ℓ1(Σ) is Hermitian if there are only periodic points in X. If X is metrizable or all points are periodic, then all primitive ideals arise as in our construction. A part of the structure space of ℓ1(Σ) is conditionally shown to be homeomorphic to the product of a space of finite orbits and T. If X is a finite set, then the structure space is the topological disjoint union of a number of tori, one for each orbit in X. If all points of X have the same finite period, then it is the product of the orbit space X/Z and T. For rational rotations of T, this implies that the structure space is homeomorphic to T2.