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


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/21/2002 PCGS MS 67   Heritage Auctions 2002 November Santa Clara Signature Sale #304, 304/Lot# 5202 $6,037.50
5/31/2004 NGC MS 64   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 87 $265.00
6/27/2005 NGC MS 63   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 44 $192.05
1/5/2011 PCGS MS 65   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(2), 1151/Lot# 4058 $2,530.00
5/25/2011 PCGS Genuine Genuine   Teletrade Auction 3073, 3073/Lot# 1017 $20.00
2/28/2012 NGC MS 64   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 1376 $845.25
12/15/2013 PCGS MS 62   GreatCollections GreatCollections Coin Auctions 12/15/2013, 105/Lot# 156459 $181.50


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