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    1864 L On Ribbon Cent, PR65 Red and Brown
    A Rare and Coveted Issue

    1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC. Snow-PR2. A long, raised upper-right to lower-left die line on the Indian's upper neck just below the neck line under the ear and the date to the right of the bust point attribute this variety. The new With L design is found on all Indian Head cents from this issue onwards. Mint Engraver James B. Longacre added his initial L on the lower ribbon between the last feather and the hair curl. The bust point is also narrow. Richard Snow writes in his 2009 Guide Book of Flying Eagle and Indian Head Cents:

    "It is unknown when the design was put into production. It is likely that the new dies were made in time for the changeover to bronze in May and used side by side with the previously made No L dies."

    It is estimated that a mere 20 1864 No L proofs were struck. This issue has been popular with collectors since early on. For example, Snow writes:

    "Two examples were in the estate of ... Longacre, which was sold by M. Thomas and Sons on January 21, 1870 (lot 247). The auctioneer described these as 'thin die' (the No L style was conversely described as 'thick die'). The pair brought $17."

    The days with prices such as those are long gone!

    The mirrored fields of the current Gem offering highlight the motifs on both sides when the coin is tilted slightly beneath a light source. The design elements are razor-sharp, including the feather tips, all four diamonds, the neck beads, the shield lines, and the features of the wreath. The copper-gold surfaces are impeccably well preserved. These attributes add up to great overall eye appeal, aptly recognized by CAC. Population: 5 in 65 Red and Brown, 1 finer (12/14).(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.

    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 19
    Lot Tracking Activity: N/A
    Page Views: 1,667

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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