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: 1/15/2015

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

1860 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 11.00 15.00 21.00 33.00 68.00 68.00 95.00 105 125 160 180 210 240 365 580 1250 3800 17000 - - -
$ 75.00 100.00 115 135 170 190 220 270 410 765 1450 - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1346
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
12/11/1996 PCGS XF 45   Teletrade Auction 0901, 901/Lot# 1007 $32.75
2/6/2007 NGC XF 45   Heritage Auctions Exclusively Internet Auction #27022, 27022/Lot# 11008 $155.25
6/25/2007 NGC AU 55   David Lawrence Rare Coins Internet Auction # 153, 158/Lot# 151 $126.50
9/19/2010 PCGS MS 64   Goldberg September 19-21, 2010 Pre-Long Beach Coin Auction, 60/Lot# 3564 $368.00
4/27/2011 NGC MS 63   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(6), 1154/Lot# 9374 $345.00
8/11/2011 PCGS MS 65   Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(1), 1158/Lot# 3090 $977.50
6/9/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 06/09/2013, 78/Lot# 115192 $86.46
5/4/2014 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 05/04/2014, 169/Lot# 191389 $148.50
7/11/2014 NGC AU 55   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5138 $99.88


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