Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 20,566,000
Catalog: KM-90
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 4.67 Grams
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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1860 1C MS obverse 1860 1C MS reverse


  
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Description & Analysis

By 1860 the Mint's program of retiring the old copper cents and half cents was largely complete, and merchants began to complain about a redundancy of the new small cents. These coins were not redeemable at the Treasury, so the existing stock forced a reduction in the number minted for 1860.

A mintage of 20+ million coins was still fairly large for the times, so this issue is not rare in any grade short of MS-65. Most examples are well struck and have pleasing luster.

A major variety for this date displays the old style bust used in 1859, with a pointed tip to Liberty's bust (photos). Just a few working dies were hubbed from this bust before a new one was adopted having a rounded tip, and the majority of 1860 cents have the rounded bust.

GRADE SUMMARY

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Price Guide

Last Updated: 6/17/2013

Click on a price to see historical prices, comparison charts and trends.

1860 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 10.35 12.65 20.40 31.20 66.00 66.00 93.60 102 120 144 168 180 238 350 544 1220 2600 12810 - - -
$ 74.00 105 114 134 161 188 202 260 390 600 1340 2800 13800 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1315
Low Grade: G
Average Grade: 61
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
9/16/2014 MS 63   Heritage Auctions Internet Coin Auction Session(2), 131437/Lot# 25340


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/5/1999 NGC AU 58   Teletrade Auction 1150, 1150/Lot# 1051 $65.40
5/30/2007 PCGS MS 64   Heritage Auctions 2007 May/June Long Beach, CA Signature US Coin Auction #438, 438/Lot# 151 $1,725.00
2/10/2008 NGC MS 65   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1759 $718.75
4/17/2008 NGC MS 65   David Lawrence Rare Coins Thursday - Internet Auction # 239, 245/Lot# 8067 $931.50
4/28/2009 PCGS MS 66   Heritage Auctions 2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124, 1124/Lot# 1102 $8,625.00
10/13/2011 NGC MS 63   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(4), 1160/Lot# 7164 $231.15
6/29/2014 PCGS MS 66   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 198561 $5,500.00
8/8/2014 NGC AU 55   Stack's Bowers iAuction 3494, 6045/Lot# 21093 $76.38


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