Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 10,100,000
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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1861 1C MS obverse 1861 1C MS reverse


  
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Description & Analysis

The mintage of cents fell to just over 10 million pieces in 1861, making this date the scarcest issue of the short-lived copper-nickel Indian Cent series. The huge number of small cents coined 1857-59 was sufficient to fill the market demand, and this accounts for the relatively low production in 1861.

The 1861 cent is not a truly rare coin, even in Mint State, due to an unusual situation that developed the following year. With the onset of the Civil War gold and silver coins were hoarded, and this practice ultimately spread to the humble cent. Many 1861 cents thus never had the chance to become worn.

This date is not notable for many varieties, due to the smaller number of dies used, but the repunched date listed at left is a popular one.

GRADE SUMMARY

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Price Guide

Last Updated: 1/15/2015

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1861 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 18.50 30.00 42.00 65.00 95.00 95.00 150 165 175 190 205 240 325 425 650 1500 3400 15000 55000 - -
$ 105 160 170 188 200 225 265 350 475 785 1950 5300 21000 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1129
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
8/11/1997 NGC MS 64   Teletrade Auction 0970, 970/Lot# 1006 $207.10
12/18/2008 NGC AU 50   David Lawrence Rare Coins Thursday - Internet Auction # 310, 316/Lot# 5079 $143.75
7/27/2013 NGC MS 63   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 30070 $311.38
3/2/2014 NGC XF 45   GreatCollections GreatCollections Coin Auctions 03/02/2014, 182/Lot# 171925 $93.50
3/2/2014 NGC AU 53   Heritage Auctions Internet Coin Auction Session(2), 131410/Lot# 28972 $123.38
6/22/2014 NGC MS 65   GreatCollections GreatCollections Coin Auctions 06/22/2014, 200/Lot# 202492 $1,027.40
9/22/2014 NGC MS 65   Goldberg September 22-25, 2013 September Pre Long Beach, 75/Lot# 1080 $1,035.00


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