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

Click on a price to see historical prices, comparison charts and trends.

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: 1495
Low Grade: G
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/14/1997 NGC MS 62   Teletrade Auction 0945, 945/Lot# 1023 $119.90
9/6/2009 PCGS MS 63   Goldberg September 6-8, 2009 Pre-Long Beach Coin and Currency Auction, 54/Lot# 2431 $460.00
2/2/2012 NGC MS 65   Heritage Auctions 2012 February 2-5 US Coins Signature Auction- Long Beach Session(1), 1167/Lot# 3126 $1,035.00
5/30/2012 PCGS AU 55   Heritage Auctions 2012 May 30- June 3 US Coins Signature Auction- Long Beach Session(4), 1171/Lot# 7230 $149.50
10/14/2012 NGC AU 50   Heritage Auctions Internet Coin Auction Session(1), 131243/Lot# 22017 $122.20
4/27/2014 NGC MS 63   David Lawrence Rare Coins Internet Auction # 801, 810/Lot# 2016 $355.00
6/29/2014 NGC   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 51012 $40.00
7/11/2014 NGC MS 64   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5156 $446.50


NGC Registry

NGC Registry Score 1864 COPPER NICKEL 1C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base5472981311942923113363544715025325757259081271212435376665707776518153
608010915222629831934239348151254662578610291555259545796802726878180
00000031934239348151254662578610291555259545796802726800
00000032734843249152256067584711501839306656226939745900
1864 COPPER NICKEL 1C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base59811061392203203363663955025395656207749661345223336946917734079308445
668911716625332534637543051454758367183810921641272047687058753681010
00000034637543051454758367183810921641272047687058753600
00000035638546652655660172290212181937320758427199773300
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