Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 10,100,000
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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1861 1C MS obverse 1861 1C MS reverse


  
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Description & Analysis

The mintage of cents fell to just over 10 million pieces in 1861, making this date the scarcest issue of the short-lived copper-nickel Indian Cent series. The huge number of small cents coined 1857-59 was sufficient to fill the market demand, and this accounts for the relatively low production in 1861.

The 1861 cent is not a truly rare coin, even in Mint State, due to an unusual situation that developed the following year. With the onset of the Civil War gold and silver coins were hoarded, and this practice ultimately spread to the humble cent. Many 1861 cents thus never had the chance to become worn.

This date is not notable for many varieties, due to the smaller number of dies used, but the repunched date listed at left is a popular one.

GRADE SUMMARY

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Price Guide

Last Updated: 6/17/2013

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1861 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 17.25 26.45 38.40 54.00 94.80 94.80 150 156 168 180 192 198 288 356 600 1160 3060 10760 46880 - -
$ 106 168 175 188 202 215 220 320 390 660 1280 3300 11600 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 925
Low Grade: PrAg
Average Grade: 62
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
1/8/2000 PCGS MS 64   Heritage Auctions 2000 F.U.N. Bullet Sale #216, 216/Lot# 8 $345.00
6/27/2005 NGC MS 63   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 45 $189.75
2/11/2007 PCGS MS 65   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 930 $776.25
6/1/2011 PCGS MS 66   Heritage Auctions 2011 June Long Beach Signature US Coin Auction Session(1), 1156/Lot# 3071 $4,657.50
10/17/2012 PCGS XF 45   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 24097 $88.13
2/24/2013 PCGS Genuine UNC   GreatCollections GreatCollections Coin Auctions 02/24/2013, 63/Lot# 99920 $84.80
7/22/2013 PCGS MS 62   Teletrade Auction 3440, 3440/Lot# 1018 $230.00


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