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: 9/12/2014

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

1862 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 8.05 9.20 10.80 15.60 28.80 28.80 62.40 68.40 80.40 94.80 99.60 110 175 231 425 1275 2700 13330 - - -
$ 32.00 70.00 77.00 90.00 106 112 124 196 250 470 1700 6500 14400 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 1784
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
1/12/2015 MS 65   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(8), 1216/Lot# 9152


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
6/5/2002 PCGS MS 65   Heritage Auctions 2002 June Long Beach Signature Sale #292, 292/Lot# 5064 $862.50
1/25/2004 PCGS MS 64   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1345 $253.00
9/7/2011 PCGS MS 63   Heritage Auctions 2011 September Long Beach Signature US Coin Auction Session(4), 1159/Lot# 7103 $149.50
11/26/2012 PCGS AU 55   Teletrade Auction 3388, 3388/Lot# 1043 $65.00
11/17/2013 PCGS MS 62   David Lawrence Rare Coins Internet Auction # 778, 787/Lot# 6 $160.00
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
7/20/2014 NGC   GreatCollections GreatCollections Coin Auctions 07/20/2014, 197/Lot# 208170 $41.00
7/11/2014 NGC AU 53   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5146 $88.13
10/10/2014 PCGS MS 64   Stack's Bowers November Baltimore 2014, 6039/Lot# 14388 $352.50


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