1864 Indian Head Cent - Proof Bronze No L

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Description

The 1864 Indian Head Cent - Proof Bronze No L is a proof cent struck at the Philadelphia Mint, part of the Indian Head Cents 1859-1909 series. How many 1864 bronze proofs without the L were struck is not recorded; published estimates run from about 100 to 300. The obverse features Liberty wearing a feathered headdress, often misidentified as a Native American — actually represents Liberty adorned with a chief's war bonnet and the reverse displays an oak wreath with a shield at the top, enclosing ONE CENT. Copper-nickel cents were hoarded during the Civil War, and the Act of April 22, 1864 replaced them with a lighter bronze cent like the private tokens then circulating. The "L" initial for Longacre first appears on the ribbon, creating two major varieties. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the Philadelphia Mint. Estimated market value is approximately $1.3K. Struck in 95% copper, 5% tin and zinc, weighing 3.11 grams, 19 mm in diameter, with a plain edge. Cataloged as PCGS #2276.