Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 28,075,000
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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1862 1C MS obverse 1862 1C MS reverse

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Description & Analysis

The coinage of cents rose in 1862 from the previous year's total, because uncertainty over the outcome of the Civil War and the value of paper money prompted their hoarding. In an attempt to counter the rapid depletion of cents in circulation, the Philadelphia Mint stepped up production. The new coins were hoarded just as readily as the old ones, and this had led to a high survival rate for Mint State 1862 cents.

Walter Breen reported the use of 197 obverse dies and 396 reverse dies for 1862 cents. Surprisingly, this high number resulted in very few varieties. The doubled-die reverse listed at left is the most desirable of these.


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Price Guide

Last Updated: 8/27/2015

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

1862 1C MS
Base $ 9.00 11.00 13.00 20.00 35.00 63.00 70.00 82.00 95.00 130 185 255 400 1275 2900 14500 - - -
$ 40.00 - 75.00 90.00 100.00 140 210 275 500 1950 6500 - -

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Total Graded: 1852
Low Grade: G
Average Grade: 62
High Grade: 67

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
9/24/1997 NGC MS 64   Teletrade Auction 0983, 983/Lot# 1024 $141.70
9/6/2004 NGC MS 65   Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 191 $633.00
11/7/2005 NGC MS 64   David Lawrence Rare Coins Internet-Only Auction #61, 66/Lot# 25 $253.00
4/29/2012 NGC MS 65   GreatCollections GreatCollections Coin Auctions 04/29/2012, 20/Lot# 49402 $743.60
10/17/2012 PCGS MS 65   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 506 $1,552.50
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
2/16/2014 NGC MS 63   Heritage Auctions Internet Coin Auction Session(2), 131408/Lot# 24354 $235.00
5/11/2014 PCGS MS 63   GreatCollections GreatCollections Coin Auctions 05/11/2014, 179/Lot# 192748 $197.26

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