1864 L on Ribbon Indian Cent, MS63+RB PCGS, Key Issue, Repunched Date, Snow-5, FS-2304, Gorgeous Color! Bold secondary digits are visible north of the final 1 and 8, with the 1 actually showing triple-punching and another punch south. Subtle but extensive evidence of die clashing —where the two dies come together without an intervening planchet or blank, impressing parts of each side’s design onto the other—appear on both sides of this coin, as the angles created by the overlapping headdress feathers and the details of the oak leaf wreath intermingle on both sides. This is a lovely example both of this variety (and this key date, two birds for one stone!), primarily sage-green and gold on the obverse and magenta-orange on the reverse. Much prooflike luster emanates from the obverse, the reverse not so much. This is the sole MS63+RB example certified as Snow-5, FS-2304 at PCGS, and there are one each in MS64RB and MS65RB finer (5/2020). The MS64RB coin traded hands several years ago for a bit more than $1,400.
Fun Fact: The Philadelphia Mint revised the Indian cent hubs (which make all the dies for striking coins) in late 1864, placing a small L for the designer, James B. Longacre, on the ribbon hanging down behind the Indian’s head. The design was sharpened a bit, and the tip of the bust is pointed on the With L variety and rounded on the No L variety. Due to the lateness in the year of the redesign, the With L is far scarcer, and is considered a key date in the Indian cent series along with the 1872, 1877, and 1909-S.