1864 1C L on Ribbon, BN AU58+ BN Certification #16720107, PCGS #2079

Owner's Comments

CAC

Expert Comments

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.

Diameter
19.00 millimeters
Designer
James Barton Longacre
Edge
Plain
Mintage
39233714
Weight
3.11 grams
Metal Content
95% Copper, 5% Tin and Zinc
Region
The United States of America
Pop Higher
319
Pop Lower
1580
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 3000 R-4.4 6 / 55 TIE 6 / 55 TIE
All Grades 300 R-6.4 52 / 55 TIE 52 / 55 TIE
60 or Better 10 R-9.5 10 / 55 TIE 10 / 55 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS66BN PCGS grade
1 MS66BN estimated grade
3 MS65BN PCGS grade MS65BN PCGS grade
3 MS65BN PCGS grade MS65BN PCGS grade
3 MS65BN PCGS grade MS65BN PCGS grade