1864 1C L On Ribbon, BN (Regular Strike)

Series: Indian Cents 1859-1909

PCGS MS66+BN

PCGS MS66+BN

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LOCATION OF L

LOCATION OF L

PCGS MS66BN

PCGS MS66BN

PCGS #:
2079
Designer:
James Barton Longacre
Edge:
Plain
Diameter:
19.00 millimeters
Weight:
3.11 grams
Mintage:
39,233,714
Mint:
Philadelphia
Metal:
95% Copper, 5% Tin and Zinc
Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 3,000 R-4.4 6 / 55 TIE 6 / 55 TIE
60 or Better 300 R-6.4 52 / 55 TIE 52 / 55 TIE
65 or Better 10 R-9.5 10 / 55 TIE 10 / 55 TIE
Survival Estimate
All Grades 3,000
60 or Better 300
65 or Better 10
Numismatic Rarity
All Grades R-4.4
60 or Better R-6.4
65 or Better R-9.5
Relative Rarity By Type All Specs in this Type
All Grades 6 / 55 TIE
60 or Better 52 / 55 TIE
65 or Better 10 / 55 TIE
Relative Rarity By Series All Specs in this Series
All Grades 6 / 55 TIE
60 or Better 52 / 55 TIE
65 or Better 10 / 55 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS66BN PCGS grade
1 MS66BN estimated grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
3 MS65BN PCGS grade
#1 MS66BN PCGS grade
#1 MS66BN estimated grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
#3 MS65BN PCGS grade
David Hall:

The 1864 Indian cent with the L on the ribbon is one of the most famous U.S. cent varieties. The L is the designer's (James Longacre) initials. The 1859 to 1864 copper-nickel Indian cents did not have the designer's initials. And most of the 39,233,714 1864 bronze Indian cents also lack the initials. Towards the end of the year, the designer's initials were added to the ribbon on the obverse, creating a variety that has been very popular with collectors ever since. The designer's initials remain on the ribbon through the end of the series in 1909.

The 1864-L is scarce in circulated grades and very scarce in mint state. However, its price has as much to do with its popularity and importance to collectors as it does with its scarcity.

All 1864-L Indian cents have a pointed bust on Ms. Liberty, while the no Ls have a rounded bust. So sometimes low grades are designated (correctly) as Ls even if you can't really see the L. Most mint state specimens are Red and Brown and Full Red Gems are quite rare.