Numismatic

1864-L Indian Head Cent XF-45 NGC (L on Ribbon)

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In 1864, the Philadelphia Mint produced a classic piece of American numismatic history with this Indian Head Cent. This particular variety is highly regarded for a tiny, subtle detail: the letter 'L' hidden on the ribbon of the headdress. This small letter serves as a distinctive marker for collectors, distinguishing it from other issues of the same year. The obverse of the coin features the iconic portrait of Liberty wearing a Native American feather headdress, with the year 1864 struck below the bust. Surrounding the central image are the bold letters of the country of origin, UNITED STATES OF AMERICA. On the reverse, the simple yet elegant denomination of ONE CENT is encircled by a wreath. Struck in copper, this coin has survived in an extremely fine circulated state, officially graded as XF-45. Because it was minted at the Philadelphia Mint, it bears no mint mark, which was standard practice for the facility at the time. With a total mintage of 39,233,714, this coin represents a fascinating moment in the evolution of United States minor coinage.