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Auction 1160 | Lot 3146 » Small Cents » Indian Cents
1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC. Snow-PR2. (PCGS# 2280)
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Service Green CAC, PCGS

Grade PR65

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Oct 16, 2011

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Sold For: $161,000.00
Auction 1173 | Lot 5033 » Small Cents » Indian Cents
1864 1C L on Ribbon PR65 Red and Brown PCGS. CAC. Snow-PR1. (PCGS# 2280)
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Service Green CAC, PCGS

Grade PR65

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Aug 5, 2012

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Sold For: $135,125.00
Auction 1216 | Lot 4019 » Small Cents » Indian Cents
1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC. Snow-PR2. (PCGS# 2280)
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Service Green CAC, PCGS

Grade PR65

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Jan 12, 2015

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Sold For: $111,625.00
Auction 1228 | Lot 98072 » Small Cents » Indian Cents
1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC. Snow-PR2. (PCGS# 2280)
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Service Green CAC, PCGS

Grade PR65

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May 12, 2015

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Sold For: $108,687.50
Auction 1114 | Lot 1543 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown PCGS. (PCGS# 2280)
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Service PCGS

Grade PR64

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Aug 3, 2008

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Sold For: $63,250.00
Auction 1192 | Lot 3518 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. Snow-PR2. (PCGS# 2280)
Bid Source: Internet

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Service NGC

Grade PR64

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Dec 8, 2013

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Sold For: $58,750.00
Auction 1238 | Lot 3965 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown PCGS. Snow-PR2. (PCGS# 2280)
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Service PCGS

Grade PR64

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Aug 14, 2016

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Sold For: $58,750.00
Auction 308 | Lot 4480 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown PCGS. Eagle Eye Photo Seal. PR-2. The 1864 L on Ribbon proof is one of the classic rarities in the U.S. Cent series. Only 20 examples are believed to have been struck, just 18 pieces of which are traced today. The fascinating history of these pieces will be fully published in Rick Snow's book "The Flying Eagle and Indian Cent Attribution Guide, Vol. 2: 1859-1869," which is due out by the time of this sale.

This coin is toned in rich purple-brown shades with areas of golden tinged luster still showing in the more protected areas. The surfaces are nearly perfect from the standpoint of contact marks, indicating a higher technical grade. There is, however, some brown staining in the upper right quadrant of the obverse that is resting on the surface and appears to be keeping the grade at the near-Gem level.

The die pair is listed as PR-2 in Rick Snow's forthcoming book. There is an obverse die file mark (as struck) on Liberty's neck (under the ear) that matches the diagnostics given by Walter Breen in the 1977 book Walter Breen's Encyclopedia of United States and Colonial Proof Coins: 1722-1977. Since that time additional discoveries have been made which shed new light on this enigmatic issue, as well as on much of the activity of Mint personnel in the years following the Civil War.

The initial proof delivery of the 1864 L on Ribbon Cent was ten examples. These coins were either held as die trials or sold to collectors in a random manner. Mint officials probably considered the addition of Longacre's initial to be a minor change that was not worthy of special consideration. It was not until a few years later that the existence of these proofs became known, by which time the advanced collectors who desired examples could not locate the coins. When Henry Linderman began his first term as Mint Director in 1867, the proof 1864 L on Ribbon Cent had already become a hotly desired numismatic item. During Linderman's first term (PCGS# 2280)
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Service PCGS

Grade PR64

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Jan 11, 2003

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Sold For: $52,900.00
Auction 1359 | Lot 3026 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. CAC. Snow-PR2. (PCGS# 2280)
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Service Green CAC, NGC

Grade PR64

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May 7, 2023

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Sold For: $52,800.00
Auction 1201 | Lot 5141 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown PCGS. Snow-PR2. (PCGS# 2280)
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Service PCGS

Grade PR64

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Jan 12, 2014

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Sold For: $47,000.00
Auction 384 | Lot 944 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. PR-2. Ex: Richmond Collection. A moderately mirrored specimen with liberal amounts of mottled coppery-orange, magenta, and steel-blue toning across the center of the obverse. Somewhat lighter in color, the reverse is accented in pale russet hues. A few scattered remnants of carbon are noted here and there.

The 1864 L on Ribbon proof is one of the premier rarities in the Indian Cent series. Only 20 specimens are believed to have been struck, just 18 of which are traced today. The fascinating history of these pieces can be found in Rick Snow's book "The Flying Eagle and Indian Cent Attribution Guide, Vol. 2: 1859-1869."

There is an obverse die file mark on Liberty's neck near the back of the jaw that matches the diagnostics given by Walter Breen in the 1977 book Walter Breen's Encyclopedia of United States and Colonial Proof Coins: 1722-1977. Since that time additional discoveries have been made which shed new light on this enigmatic issue, as well as on much of the activity of Mint personnel in the years following the Civil War.

The initial proof delivery of the 1864 L on Ribbon Cent is recorded as being a mere ten pieces. These coins were either held as die trials or sold to collectors in a random manner. Mint officials probably considered the addition of Longacre's initial to be a minor change that was not worthy of special consideration. It was not until a few years later that the existence of these proofs became known, by which time the advanced collectors who desired examples could not locate the coins. When Henry Linderman began his first term as Mint Director in 1867, the proof 1864 L on Ribbon Cent had already become a hotly desired numismatic item. During Linderman's first term (1867-1869), and continuing for a few years thereafter, many numismatic delicacies were restruck at the Mint. Far from being considered a pariah, the coins restruck during the "Linderman" period are some of the most sought afte (PCGS# 2280)
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Grade PR64

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Sep 24, 2005

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Sold For: $46,000.00
Auction 1334 | Lot 3473 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown PCGS. Snow-PR2. (PCGS# 2280)
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Service PCGS

Grade PR64

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Oct 10, 2021

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Sold For: $45,600.00
Auction 1271 | Lot 4760 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. Snow PR-2. (PCGS# 2280)
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Service NGC

Grade PR64

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Jan 8, 2018

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Sold For: $45,600.00
Auction 1202 | Lot 5011 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. Snow-PR2. (PCGS# 2280)
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Grade PR64

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Feb 5, 2014

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Sold For: $41,125.00
Auction 1362 | Lot 3017 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. Snow-PR2. (PCGS# 2280)
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Grade PR64

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Jul 23, 2023

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Sold For: $36,001.20
Auction 1384 | Lot 3010 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. Snow-PR2. (PCGS# 2280)
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Grade PR64

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Jul 20, 2025

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Sold For: $32,400.00
Auction 1371 | Lot 4026 » Small Cents » Indian Cents
1864 1C L On Ribbon PR64 Red and Brown NGC. Snow-PR2. (PCGS# 2280)
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Grade PR64

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Jan 14, 2024

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Sold For: $32,400.00
Auction 202 | Lot 38 » Small Cents » Indian Cents
1864 Copper-Nickel PR 62 Red and Brown ANACS. The surfaces employ an even mixture of red and brown color and are free of any distractions other than a few minor flecks of carbon. (PCGS# 2280)
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Grade PR62

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Jun 5, 1999

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Sold For: $825.00

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