Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 13,740,000
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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1864 COPPER NICKEL 1C MS obverse 1864 COPPER NICKEL 1C MS reverse


  
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Description & Analysis

The hoarding of cents continued unabated during 1864, and various merchants had already resorted to issuing thin, copper tokens of cent size to make change. Unlike the federal issues, which had contained nearly one cent's worth of metal before the war, these tokens were worth just a fraction of their nominal value and circulated freely. Congress took notice of their success and passed a new act replacing the copper-nickel cent with one of bronze that was similar to the ubiquitous tokens.

In the early months of 1864, before the new law became effective, over 13 million copper-nickel cents were coined for circulation. Like their predecessors, these were mostly hoarded at the time, though the abundance of worn examples prove that these did return to circulation once the money crisis had passed.

The 1864 "nickels" seem to have been made in haste, with most examples being weakly struck from overused dies. Slightly scarce as a date due to its low mintage, this issue is also challenging to find with full luster and a sharp strike.

GRADE SUMMARY

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Price Guide

Last Updated: 6/17/2013

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1864 COPPER NICKEL 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 13.80 19.55 30.00 48.00 75.60 75.60 90.00 96.00 138 150 162 180 250 350 600 1500 4230 18850 - - -
$ 85.00 101 108 155 168 181 202 280 390 660 1650 4600 20400 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1313
Low Grade: G
Average Grade: 62
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/27/2014 MS 66   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(8), 1204/Lot# 8247
4/27/2014 MS 65   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(1), 1204/Lot# 3023
4/27/2014 MS 64   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(8), 1204/Lot# 8245


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/9/2004 PCGS MS 65   Heritage Auctions 2004 September Long Beach Signature Sale #355, 355/Lot# 5170 $977.50
7/6/2008 PCGS MS 62   Teletrade Auction 2553, 2553/Lot# 1011 $235.20
12/2/2010 PCGS MS 64   Heritage Auctions 2010 December Houston Signature US Coin Auction Session(4), 1147/Lot# 7221 $488.75
3/17/2011 PCGS MS 65   Heritage Auctions 2011 March Sacramento Signature ANA US Coin Auction Session(1), 1153/Lot# 3061 $2,185.00
1/24/2012 NGC MS 65   Stack's Bowers The January 2012 Americana Sale, 134/Lot# 8177 $1,265.00
5/27/2012 PCGS MS 64   Goldberg May 27-31, 2012 The May Pre-Long Beach Auction, 69/Lot# 439 $483.00
6/30/2013 NGC AU 55   David Lawrence Rare Coins Internet Auction # 758, 767/Lot# 401 $135.00
12/15/2013 PCGS MS 63   GreatCollections GreatCollections Coin Auctions 12/15/2013, 105/Lot# 156468 $256.30


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