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: 1334
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
12/23/2014 MS 66   Heritage Auctions Internet Coin Auction Session(1), 131451/Lot# 27004


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/19/1998 NGC MS 62   Teletrade Auction 1078, 1078/Lot# 1008 $130.80
1/7/2004 PCGS MS 65   Heritage Auctions 2004 Orlando, FL (FUN) Signature Sale #336, 336/Lot# 4220 $776.25
1/12/2005 PCGS MS 67   Heritage Auctions 2005 Ft. Lauderdale FL. (FUN) Signature Sale #360, 360/Lot# 5028 $16,100.00
5/8/2006 NGC XF 40   David Lawrence Rare Coins Internet Auction # 86, 91/Lot# 20 $71.30
2/10/2008 NGC MS 65   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1759 $718.75
4/27/2014 PCGS Genuine UNC   GreatCollections GreatCollections Coin Auctions 04/27/2014, 173/Lot# 171265 $176.00
11/7/2014 NGC AU 50   Stack's Bowers iAuction 3507, 6061/Lot# 23029 $64.63


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