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    Description

    1864 Bronze Cent, PR64 Red and Brown
    Very Rare L on Ribbon Variety
    Snow-PR2

    1864 1C L On Ribbon PR64 Red and Brown NGC. Snow PR-2. The proof 1864 L on Ribbon ranks as the most important Guide Book rarity of the Indian cent series, rarer overall than either the Snow-1 1888/7 or 1873 Doubled LIBERTY. The traditional proof mintage is just 20 pieces, though the Guide Book places a plus sign after that figure, as it does with all bronze proof issues prior to 1874. NGC has certified just five examples in all grades. For many years, only a single die variety (Snow-PR2) was associated with proofs, identified by a "long raised die line on neck ... just below the jaw" as described by Snow. Breen was the first to describe the diagnostic spine, in his 1977 Proof Encyclopedia.

    The present coin is housed in an older generation "fatty" holder that dates to the early to mid-1990s. Despite the age of the holder, the pedigree of the present cent is only known back to 2014. Rick Snow lists 10 PR2 specimens in his attribution guide to the 1859-1869 cents. Of the three examples listed as PR64 Red and Brown NGC (11/17), this does not appear to be either the Auction '88 or Auction '90 pieces. It may be Snow's #6, "said to have been acquired in the 1950's" and held by private owner in an East Coast collection.

    This is a sharply struck near-Gem with pleasing field reflectivity and no remotely mentionable detractions. The color is variegated and equally divided between orange-gold and plum-mauve. Missing from most advanced collections of the series, the 1864 With L would be the standout piece in any proof small cent holding.
    From The E.B. Strickland Collection. (Registry values: N10218)

    Coin Index Numbers: (NGC ID# 229G, PCGS# 2280)

    Weight: 3.11 grams

    Metal: 95% Copper, 5% Tin and Zinc


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The E.B. Strickland Collection ]

    Auction Info

    Auction Dates
    January, 2018
    3rd-8th Wednesday-Monday
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