The 1864 Melbourne Cup was a two-mile handicap horse race which took place on Thursday, 3 November 1864.
Lantern, jockeyed by Samuel Pope Davis, carried just 6st 3 lb (39.5 kg) to defeat Poet and Rose of Denmark finished third.
The race was run in heavy going and Lantern's time of 3 minutes and 52 seconds equaled the 1861 Melbourne Cup for the slowest winning time.
Lantern then became the first horse to win the Cup and the VRC Derby in the same year though unlike today the Derby was run after the Cup.
Lantern was put down after he broke down in the Ballarat Cup days later.