1864 1C L on Ribbon, RD MS(PCGS#2081)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2322

等级

MS65RD

价格

50,019

详细说明

1864 Indian Cent. Bronze. L on Ribbon. S-4, FS-2303. Repunched Date. MS-65 RD (PCGS). CAC. Vivid autumn-orange mint color blankets both sides of this wonderfully original example. The surfaces are softly frosted with a razor sharp strike. The L on Ribbon represents a redesign of the basic Indian cent motif by James Barton Longacre, who added his initial L to the lower ribbon between the last feather in the headdress and the adjacent hair curl. It is not known when the L on Ribbon type was placed into production or exactly how many were produced. The total circulation strike mintage of 1864 bronze cents is 39,233,714 pieces, with Rick Snow (A Guide Book of Flying Eagle and Indian Head Cents, 2006) providing an estimated mintage of 5 million for this variety given its scarcity relative to the No L coins. With most survivors well worn and the typical Uncirculated example grading no finer than MS-64 RB this lustrous, premium quality Gem represents an important bidding opportunity. The Snow-4, FS-2303 attribution adds further interest, especially since the repunching is in two different directions. Bill Fivaz and J.T. Stanton describe this variety as "one of the more popular repunched dates for the date" in the 2015 edition of their Cherrypickers Guide. Provenance: From the BSC Indians Collection, the current 7th Finest on the PCGS Set Registry. PCGS Population: 41; 12 finer in this category (MS-66+ RD finest). PCGS# 2081. NGC ID: 227M. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.