Historical & Design Significance
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Designer Mark: The “L” on the ribbon represents James Longacre, the coin’s designer. It first appeared in late 1864 and continued through 1909—making this a key transitional variety
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Transitional Issue: In 1864, the U.S. Mint shifted from the nickel alloy to bronze composition. The “L‑on‑Ribbon” variety is a hallmark of that change era and one of the most iconic in the Indian Cent series .
Condition & Grading Details
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Grading. Rated XF‑Details because the coin shows excessive environmental corrosion, which prevented a straight XF numeric grade.
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Grade Implications: In PCGS parlance, “Genuine – XF Details/Corrosion” implies visual wear consistent with XF level but marred by surface damage from corrosion—likely due to acidic soil or moisture exposure, common in circulated copper
