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Previous Date | Next Date | 1864 Indian Head Cent-Bronze by Variety | Indian Head Cents by Date | Small Cents by Type

Obverse of 1864-L Indian Head Cent     Reverse of 1864-L Indian Head Cent

Closeup of 1864-L Indian Head Cent     


1864-L INDIAN HEAD CENT

PCGS Nos: 2079, 2080, 2081, 2279, 2280, 2281

Mintage:

Circulation strikes: estimated to be 5,000,000 out of the total 1864 mintage of 39,233,714
Proofs: est. 20

Designer: James B. Longacre

Diameter: 19 millimeters

Metal content:
Copper - 95%
Tin and Zinc - 5%

Weight: 3.11 grams

Edge: Plain

Mintmark: None (for Philadelphia) below the bow of the wreath on the reverse

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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