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 - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 1353
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
3/31/2015 UNC Details  Heritage Auctions Internet Coin Auction Session(1), 131513/Lot# 29026


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/4/2001 NGC MS 64   Heritage Auctions 2001 F.U.N. Signature Sale #244, 244/Lot# 6186 $258.75
9/9/2004 PCGS MS 66   Heritage Auctions 2004 September Long Beach Signature Sale #355, 355/Lot# 5152 $1,840.00
12/18/2006 NGC MS 65   David Lawrence Rare Coins Internet Auction # 118, 123/Lot# 49 $713.00
5/25/2011 PCGS Genuine Genuine   Teletrade Auction 3073, 3073/Lot# 1017 $20.00
1/15/2012 PCGS XF 40   Heritage Auctions Internet Coin Auction Session(1), 131204/Lot# 24007 $62.00
8/30/2013 PCGS MS 63   Stack's Bowers The September 2013 Philadelphia Auction, 195/Lot# 4197 $278.48
1/26/2014 PCGS MS 65   Goldberg January 26-28, 2014 January Pre-Long Beach Sale 17.5% BP, 78/Lot# 921 $1,468.75
7/20/2014 PCGS MS 63   GreatCollections GreatCollections Coin Auctions 07/20/2014, 197/Lot# 207911 $305.80


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