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.

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.

1862 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 9.00 11.00 13.00 20.00 35.00 35.00 63.00 70.00 82.00 95.00 105 120 185 255 425 1275 2900 14500 - - -
$ 40.00 68.00 75.00 90.00 100.00 110 140 210 275 500 1700 6500 - -

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: 1803
Low Grade: G
Average Grade: 62
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
3/3/2015 MS 62   Heritage Auctions Internet Coin Auction Session(1), 131509/Lot# 21019


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/7/2005 NGC MS 64   David Lawrence Rare Coins Internet-Only Auction #61, 66/Lot# 25 $253.00
9/2/2007 NGC MS 61   Teletrade Auction 2416, 2416/Lot# 1022 $134.40
2/10/2008 NGC MS 65   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1762 $690.00
4/7/2013 NGC MS 65   GreatCollections GreatCollections Coin Auctions 04/07/2013, 69/Lot# 109109 $825.00
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
3/9/2014 PCGS AU 55   Heritage Auctions Internet Coin Auction Session(2), 131411/Lot# 20532 $72.00
10/10/2014 PCGS MS 64   Stack's Bowers November Baltimore 2014, 6039/Lot# 14388 $352.50
12/7/2014 PCGS MS 64   Heritage Auctions Internet Coin Auction Session(1), 131450/Lot# 25019 $270.25


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