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: 6/17/2013

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

1860 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 10.35 12.65 20.40 31.20 66.00 66.00 93.60 102 120 144 168 180 238 350 544 1220 2600 12810 - - -
$ 74.00 105 114 134 161 188 202 260 390 600 1340 2800 13800 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1325
Low Grade: G
Average Grade: 61
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
10/27/2014 MS 66   Heritage Auctions 2014 October 27 The Eugene H. Gardner Collection II US Coins Signature Auction - New York Session(1), 1214/Lot# 98066
11/10/2014 MS 66   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(1), 1211/Lot# 3045
11/15/2014 MS 65   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# 7229


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/31/2004 NGC MS 64   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 87 $265.00
5/28/2005 PCGS MS 62   Heritage Auctions Continuous Internet Auction #65061, 65061/Lot# 23014 $207.00
12/22/2008 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 312, 318/Lot# 36 $1,035.00
4/29/2009 PCGS AU 55   Teletrade Auction 2686, 2686/Lot# 1018 $126.50
1/1/2013 PCGS MS 63   Stack's Bowers The January 2013 Americana Sale, 180/Lot# 14141 $284.35
6/9/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 06/09/2013, 78/Lot# 115192 $86.46
3/2/2014 NGC AU 58   Heritage Auctions Internet Coin Auction Session(1), 131410/Lot# 28055 $108.10
8/1/2014 NGC XF 45   Stack's Bowers iAuction 3493, 6044/Lot# 20022 $109.28


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