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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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