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: 1312
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
9/6/2014 MS 65   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1209/Lot# 7067


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/7/2004 NGC MS 65   Teletrade Auction 1958, 1958/Lot# 1005 $825.00
12/18/2006 NGC MS 65   David Lawrence Rare Coins Internet Auction # 118, 123/Lot# 49 $713.00
9/19/2010 PCGS MS 64   Goldberg September 19-21, 2010 Pre-Long Beach Coin Auction, 60/Lot# 3564 $368.00
1/12/2011 PCGS XF 45   Teletrade Auction 2995, 2995/Lot# 1013 $69.00
6/14/2011 NGC MS 64   Stack's Bowers The June 2011 Baltimore Auction, 92/Lot# 339 $1,035.00
8/19/2012 PCGS AG 3   GreatCollections GreatCollections Coin Auctions 08/19/2012, 36/Lot# 68324 $11.01
3/9/2014 PCGS AU 53   Heritage Auctions Internet Coin Auction Session(1), 131411/Lot# 20016 $78.00


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