Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 36,400,000
Catalog: KM-87
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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1859 1C MS obverse 1859 1C MS reverse


  
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Description & Analysis

The production of cents was quite high in 1859, as the Mint sought to fully retire the old coppers, as well as the assorted foreign coins that had been legal tender in the USA until 1857.

Appearing first as a series of pattern coins dated 1858, the new design which debuted in 1859 was well received by the public. More importantly, perhaps, is that it struck up better than the troublesome Eagle Cents. James B. Longacre had been careful to avoid placing the main design elements directly opposite one another on obverse and reverse, and this facilitated the smooth flow of planchet metal into the die cavities.

This issue is common in all grades short of MS-65, and it is especially popular with type collectors due to the fact that the wreath employed in 1859 was replaced for 1860, making this a one-year-only design. The wreath did, however, find a new life 15 years later on the copper-nickel three-cent piece.

Several die-punching varieties are known for this date, and the most popular ones have been included in The Cherrypickers' Guide to Rare Die Varieties. NGC recognized the three listed at left under its VarietyPlus Service.

GRADE SUMMARY

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Price Guide

Last Updated: 7/15/2014

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1859 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 12.65 14.95 20.40 48.00 98.40 98.40 168 180 192 210 264 312 475 690 1190 3850 8850 38500 - - -
$ 110 188 202 215 230 290 340 520 760 1310 5500 34500 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 2012
Low Grade: PrAg
Average Grade: 60
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 63   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1209/Lot# 7065


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/6/2004 PCGS MS 64   Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 188 $776.25
4/15/2012 NGC AU 58   GreatCollections GreatCollections Coin Auctions 04/15/2012, 18/Lot# 30707 $192.50
6/3/2012 NGC AU 50   Teletrade Auction 3287, 3287/Lot# 1038 $130.00
11/29/2012 PCGS MS 66   Heritage Auctions 2012 November 29 - December 2 US Coin Signature Auction - Houston Session(1), 1177/Lot# 3158 $8,812.50
7/27/2013 PCGS MS 63   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 30067 $719.10
6/1/2014 PCGS XF 40   David Lawrence Rare Coins Internet Auction # 806, 815/Lot# 6 $120.00
6/1/2014 PCGS Genuine XF   Heritage Auctions Internet Coin Auction Session(1), 131423/Lot# 24045 $41.00


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