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1864-L Indian Head Cent PCGS MS64

Currency:USD Category:Everything Else / Other Start Price:NA Estimated At:1,200.00 - 1,500.00 USD
1864-L Indian Head Cent PCGS MS64
Small Cents 1864-l PCGS graded Mint State 64. Red. <b>Barring a sole carbon spot within the upper branch of the E in UNITED, a refreshingly choice (near-gem) Indian cent displaying full fiery red luster on both sides. The wreath is a smidgen weak at the bow, although at the top where the shield resides, detail is complete even at the smallest level. On the obverse, this piece has a complete diamond pattern on the ribbon end, with sharp L (for Longacre) to the right in the little space that seems to be designed for it.</b> Mint Director Pollock's objections to nickel as a coinage metal were based on many reasons: It was difficult to melt and more difficult to work, it was hard enough that the planchets damaged dies, and perhaps worst of all, it had become so expensive that nickel cents cost more than face value to make. This was independent of his political opposition to Joseph Wharton, nickel's monopolist and promoter. Accordingly, Pollock pushed his friends in the Senate and House to hasten passage of a bill to authorize cent and 2c coinage in "French bronze", which became the Act of April 22, 1864. These pieces were to have a limited legal-tender quality, unlike any of their predecessors. <p align="center">Superior Galleries was founded in 1929 and has been a leader in
the numismatic auction business since 1971.</p> <p align="center"><b>Consignments wanted for June 2 & 3, 2002 Pre-Long Beach Sale.</b></p> <p align="center"><b>Call Steve Deeds</b> at (800) 421-0754 ext 230.</p>