Lot 1521
1864 Indian Head Cent. Bronze, with "L". PCGS graded MS-64 Red. Original surfaces with some reverse discoloration. Obverse has nice red color. A frosty, satiny near-gem with strong luster and a bold strike throughout much of the reverse details, though some typical obverse weakness is seen at words OF AMERICA. Pop 47; 35 in 65 RD; 3 in 66 RD.
The mint produced a new obverse hub type for the Indian Cent in 1864 that would continue in use through 1886. Snow (1992) estimates that only 5 million coins of this new hub type were produced, a low total when compared to his estimate of 34 million examples for the 1864 Bronze No L variety. The coining staff at Philadelphia had difficulty mixing the new bronze alloy, and many With L examples display streaks or "wood grain" effect over one or both sides (PCGS # 2081) .
Estimated Value $1,000 - 1,300.
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| Realized $1,093 |
