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: 9/12/2014

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1859 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 12.65 14.95 20.40 48.00 100.00 100.00 170 180 200 215 270 330 490 775 1650 3850 8850 38500 - - -
$ 110 180 200 215 230 290 365 550 850 2100 5500 34500 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 2060
Low Grade: PrAg
Average Grade: 60
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
5/4/2005 PCGS MS 64   Heritage Auctions 2005 St. Louis, MO (CSNS) Signature Auction #372, 372/Lot# 5148 $920.00
12/6/2010 NGC MS 65   David Lawrence Rare Coins Monday - Internet Auction # 538, 545/Lot# 14 $2,185.00
2/6/2012 PCGS MS 65   Teletrade Auction 3220, 3220/Lot# 1008 $2,100.00
6/23/2013 PCGS Genuine VF   GreatCollections GreatCollections Coin Auctions 06/23/2013, 80/Lot# 121873 $21.00
7/27/2013 NGC AU 55   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 30069 $189.18
6/3/2014 PCGS AU 58   Stack's Bowers June 2014 Baltimore, 6021/Lot# 3472 $199.75
9/22/2014 NGC MS 65   Goldberg September 22-25, 2013 September Pre Long Beach, 75/Lot# 1073 $4,025.00
11/14/2014 NGC MS 64   Heritage Auctions 2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York Session(2), 1215/Lot# 7228 $998.75


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