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Varieties:
Triple Punched Date
Double Punched Date
Notes:
Designer James Barton Longacre finally received credit for the design
of the Indian Head Cent (five years after its introduction!) when the tiny
letter "L" was placed on the lower ribbon on the front of the coin. With
an estimated mintage of 5,000,000 pieces, the 1864-L is widely recognized
as one of the most important varieties in the series. The 1864-L has a
distinct, pointed bust so that even low-grade coins with the "L" worn off
can be easily identified. The 1864-L is scarce in Uncirculated condition
and Proof examples are among the rarest of all United States coins.
The finest Uncirculated "L
on Ribbon" Brown examples graded by PCGS are 2 MS-65BN's. The finest
Uncirculated "L on Ribbon" Red-Brown examples graded by PCGS are 2
MS-66RB's. The finest Uncirculated "L on Ribbon" Red examples graded by
PCGS are 3 MS-66RD's.
The finest Proof "L on
Ribbon" Brown example graded by PCGS is a single PR-45BN. The finest
Proof "L on Ribbon" Red-Brown example graded by PCGS is a single PR-66RB.
The finest Proof "L on Ribbon" Red examples graded by PCGS are 2
PR-64RD's.
Significant examples:
PCGS graded MS-65 Red. Ex - Ira
& Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I",
February 16, 18-20, 2001, lot 1093, illustrated, where it was described as
follows: "Bronze, with "L"…A fabulous example with a full strike and
outstanding eye appeal. Nearly flawless surfaces. Typically, the dies used
to strike the issues this year were used until they literally fell apart.
Finding a gem with surfaces as clean as this coin is quite a task. This is
one of the most beautiful 1864 With L's there is. It certainly looks
better than the typical a MS65RD. The 1864 With L design is a
modification made presumably late in the year. With an estimated mintage
of about 5 million, this is one of the key dates in the series. This new
design with Chief Engraver James B. Longacre's initial "L" on the lower
ribbon. All issues after this year have this feature. The portrait was
also redesigned, changing back to a narrow bust point style used for the
1859 and 1860 pointed bust issues.", sold for $4,140.00
Recent appearances:
PCGS MS-65 Red-Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
172, "Repunched Date, Snow-2, FND-002, FS1-006.7, Breen-1962,
Rarity-unassigned", $1,955.00
"MS-65
Red". Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot
53, $2,415.00
MS-65, Red. Ira & Larry
Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I",
February 16, 18-20, 2001, Lot 1211, illustrated, sold for $1,035.00
From the Howard R. Newcomb collection of Indian Cents, purchased June 30,
1944 from J.G. Macallister
NGC MS-65 Red and Brown.
Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 4023,
illustrated, sold for $948.75
NGC MS-65 Red-Brown.
American Numismatic Rarities 07/2003
,
Lot
178, "Repunched 86, Snow-10a, FND-007, Rarity-unassigned",
$1,265.00
NGC MS-65 Red-Brown.
American Numismatic Rarities 07/2003:183, "Repunched 8, Snow-17, Rarity-unassigned", illustrated,
sold for $1,495.00
NGC MS-65 Red-Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
185, "Repunched 86, Snow-unlisted, Rarity-unassigned",
illustrated, sold for $1,265.00
NGC MS-65 Red-Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
186, "Repunched 86, Snow-unlisted, Rarity-unassigned",
$1,150.00
MS-65 Red and Brown.
Liberty, Texas collection - Heritage Numismatic Auctions, Inc.'s "Santa
Clara Signature Sale", 11/2000:5070, $977.50
NGC MS-65 Red and Brown. Bowers & Merena Galleries' "The Cabinet of
Lucien M. LaRiviere, Part II", 03/2001:1149, $1,035.00
ICC MS-65 Red and Brown. Bowers & Merena Galleries' "The Cabinet of
Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1150, $805.00
NGC MS-65 Red and Brown. Heritage Numismatic Auctions, Inc.'s "Long Beach
Signature Sale", May 31-June 2, 2001, Lot 7534, not illustrated, sold for
$977.50
NGC MS-65 Red and Brown. Bowers & Merena Galleries' "The Rarities Sale",
January 3, 2001, Lot 54, $977.50
PCGS MS-64 Red.
American Numismatic Rarities 07/2003:177, "Repunched Date, Snow-8, Rarity-unassigned", $1,725.00
PCGS MS-64 Red.
Superior 10/2000:4024, $1,437.50
ANACS MS-64 Red-Brown.
American Numismatic Rarities 07/2003:180, "Repunched 4, Snow-12, Rarity-unassigned", $690.00
NGC MS-64 Red-Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
181, "Repunched 64, Snow-14, FND-009, Rarity-unassigned",
illustrated, sold for $1,092.50
NGC MS-64 Red-Brown.
American Numismatic Rarities 07/2003:184, "Repunched 18, Snow-20, Rarity-unassigned", $718.75
PCGS MS-64 Red-Brown.
American Numismatic Rarities 07/2003:173, "Triple Punched Date, Snow-3, FND-003, Rarity-unassigned",
illustrated, sold for $862.50
PCGS MS-64 Red-Brown.
American Numismatic Rarities 07/2003:174, "Triple Punched Date, Snow-4, FND-004, Rarity-6",
illustrated, sold for $690.00
PCGS MS-64 Red-Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
175, "Repunched Date, Snow-5b, FND-005, FS1-006.5, Rarity-7",
illustrated, sold for $557.75
PCGS MS-64 Red-Brown.
American Numismatic Rarities 07/2003:176, "Repunched Date, Snow-6, FND-006, Rarity-unassigned",
$747.50
PCGS MS-64 Red and Brown. Ex
- Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October
26-27, 2000, Lot 319, "Repunched 18", $575.00
PCGS MS-64 Red-Brown. Ex
– American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
171, "Repunched Date, Snow-1, FND-001, FS1-006.7, Breen-1962,
Rarity-5", illustrated, sold for $920.00
MS-64 Red and Brown. Ex - Bowers & Merena Galleries' "The Cabinet of
Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1151, sold for
$460.00
Very Choice Brilliant Uncirculated. Ex- Stack's "The September Sale",
September 12-13, 2000, Lot 115, sold for $2,070.00
MS-63 Red. Heritage 08/2000:5419, $1,063.75
NGC MS-63 Red-Brown.
American Numismatic Rarities, LLC’s “The Classics Sale,”
July 25, 2003
,
Lot
182, "Vertical Die Crack, Snow-16, Rarity-unassigned,"
illustrated, sold for $460.00
MS-63 Red and Brown. Bowers
& Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March
15-17, 2001, Lot 1152, sold for $437.00
MS-63 Red and Brown. Heritage Numismatic Auctions, Inc.'s "Long Beach
Signature Sale", May 31-June 2, 2001, Lot 5448, not illustrated, sold for
$379.50
MS-63 Brown. Heritage
11/2000, Lot 5069, not illustrated, sold for $373.75
ANACS MS-63 Brown. Heritage Numismatic Auctions, Inc.'s "Long Beach
Signature Sale", May 31-June 2, 2001, Lot 7533, not illustrated, sold for
$299.00
PCI MS-62, Red and Brown.
Superior Galleries' "Pre-Long Beach Sale",
October 1-3, 2000, Lot 4025, not illustrated, sold for $891.25
Sources and/or recommended
reading:
"The PCGS Population Report, October 2003" by The
Professional Coin Grading Service
"Flying
Eagle and Indian Cent Varieties" by Larry R. Steve and Kevin J.
Flynn
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