Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 28,075,000
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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1862 1C MS obverse 1862 1C MS reverse


  
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Description & Analysis

The coinage of cents rose in 1862 from the previous year's total, because uncertainty over the outcome of the Civil War and the value of paper money prompted their hoarding. In an attempt to counter the rapid depletion of cents in circulation, the Philadelphia Mint stepped up production. The new coins were hoarded just as readily as the old ones, and this had led to a high survival rate for Mint State 1862 cents.

Walter Breen reported the use of 197 obverse dies and 396 reverse dies for 1862 cents. Surprisingly, this high number resulted in very few varieties. The doubled-die reverse listed at left is the most desirable of these.

GRADE SUMMARY

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Price Guide

Last Updated: 7/15/2014

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1862 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 8.05 9.20 10.80 15.60 28.80 28.80 62.40 68.40 80.40 94.80 99.60 110 175 231 425 1060 2700 13330 - - -
$ 32.00 70.00 77.00 90.00 106 112 124 196 250 470 1170 6465 14400 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1707
Low Grade: G
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
6/13/2006 PCGS MS 62   Heritage Auctions Exclusively Internet Auction #26063, 26063/Lot# 11004 $115.00
2/10/2008 NGC MS 65   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1762 $690.00
7/5/2009 PCGS MS 63   Teletrade Auction 2714, 2714/Lot# 1015 $195.50
6/26/2011 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 06/26/2011, 123/Lot# 11711 $110.00
2/3/2013 NGC Details AU Details  Heritage Auctions Internet Coin Auction Session(1), 131307/Lot# 26562 $86.00
7/27/2013 PCGS MS 66   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 1529 $2,350.00
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
2/16/2014 PCGS MS 63   David Lawrence Rare Coins Internet Auction # 791, 800/Lot# 7 $230.00
5/11/2014 PCGS AU 58   Heritage Auctions Internet Coin Auction Session(2), 131420/Lot# 28463 $92.00


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