Lot 685
1864 Indian Head Cent. Bronze, with "L". PCGS graded MS-64 Red S-3. The mint launched a new obverse 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, an insubstantial total when compared to his estimate of 34 million examples for the 1864 Bronze No L variety. While many 1864-L examples tend to have streaks over one or both sides from improper alloying, the present example is delightfully free of the streaking usually found. Bright coppery-golden surfaces and remarkably clean. The razor sharp strike is noteworthy for this sometimes uncaringly produced type. Pop 46; 38 finer; 35 in 65; 3 in 66 (PCGS # 2081) .
Estimated Value $1,800 - 1,900.
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