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1864 ONE CENT - BRONZE
(see also 1864 One Cent -
Copper-Nickel
)

PCGS Nos: 2076, 2077, 2078, 2276, 2277, 2278

Mintage:

Circulation strikes: 39,233,714
Proofs: est. 150

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:
"L" on Ribbon 
   Triple Punched Date 1864/1864/18
   Triple Punched Date 1864/1864/186
   Triple Punched Date 1864/1864/1864
   Repunched Date 1864/1864
Doubled Die Obverse 

Notes:
The finest Uncirculated Brown examples graded by PCGS are 22 MS-65BN's.  The finest Uncirculated Red-Brown examples graded by PCGS are 16 MS-66RB's.  The finest Uncirculated Red example graded by PCGS is a single MS-67RD.

The finest Proof Brown examples graded by PCGS are 2 PR-66BN's.  The finest Proof Red-Brown example graded by PCGS is a single PR-67RB.  The finest Proof Red example graded by PCGS is a single PR-67RD. The finest Proof Cameo example graded by PCGS is a single PRCA-65.

Significant examples:
PCGS graded Proof 66 Red.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, lot 1092, illustrated, where it was described as follows: "Bronze, no "L"A very important coin as a one-year type, the type of 1860 - 1864 struck in the new bronze alloy. This example had until recently been tied with one other example as the finest graded by PCGS. The coin has outstanding deep mirrors with frosted devices and essentially perfect surfaces. The coin has acquired a beautiful golden color with the passage of time. This is one of the rarest dates in the proof Indian Cent collection.

The mintage of 1864 proof cents is open to some debate. Breen recorded a total of 470 proof sets of the silver and minor coins sold by the Mint. He breaks down the deliveries to those made before the Mint Act of April 22 as the mintage of the copper nickel examples (370) and those after as the mintage of the bronze No L pieces (100). This cannot be correct, since there are nearly 200 1864 No L proofs graded from all the grading services combined. There must have been an unknown number of specimens made and distributed later in the year. Up until this time, and continuing until 1878, the mintage figures of minor coins must be reconstructed from sales figures of sets and any other collateral evidence that can be found. The Mint was under no legal obligation to record mintage figures for minor coin proofs. We can guess at the original figures based on what we see in the marketplace, accounting for a quantity of examples being lost to the ravages of time, but even an educated guess will undoubtedly be off the mark. Regardless, perhaps 300 is the correct mintage. Color photo.", $18,400.00

Recent appearances:
NGC Proof-66 Red and Brown.  Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", 03/2001:Lot 1142, $2,760.00

PCGS Proof-65 Red and Brown.  Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1143, unsold

PCGS Proof-64.  Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6650, illustrated, sold for $2,645.00

PCGS Proof 64.  Ira S. Reed, March 30, 1946, sold for $20.00 - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1206, illustrated, sold for $4,370.00

Proof-64 Red and Brown.  Superior 02/2000:18, "Brilliant Proof 64.  Red and Brown.  Some hairlines and probably dipped and allowed to recolor naturally", $690.00

Choice Brilliant Proof.  Stack's "The September Sale", September 12-13, 2000, Lot 114, sold for $2,415.00

PCGS MS-66, Red.  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1207, illustrated, sold for $1,725.00

MS-66, Red.  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1208, "Bronze, no 'L'", illustrated, sold for $322.00  From the Howard R. Newcomb Collection of Indian Cents, purchased June 30, 1944 from J.G. Macallister

NGC MS-66, Brown.  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1210, illustrated, sold for $977.00

PCGS MS-65 Red.  Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6595, not illustrated, sold for $1,610.00

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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