Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 49,840,000
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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1863 1C MS obverse 1863 1C MS reverse


  
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Description & Analysis

With silver coins worth more than their face value in green backs and thus unable to circulate, the Mint cranked out vast numbers of cents during 1863 in an attempt to provide small change. The mintage for 1863 cents set a record for a single emission that lasted until 1890. Desperate merchants took to bagging these coins in amounts of 25 or 50 cents as replacements for quarters and halves, a practice that lasted until fractional paper money filled the void.

With nearly 50 million cents coined in 1863, the dies were overworked, and many examples surviving in Mint State show noticeable die erosion. Examples in all grades short of MS-65 are nonetheless plentiful.

Popular varieties for this date are listed at left.

GRADE SUMMARY

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Price Guide

Last Updated: 9/12/2014

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1863 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 8.05 9.20 10.80 15.60 28.80 28.80 61.20 64.80 74.40 90.00 96.00 115 175 225 400 1030 3120 9430 - - -
$ 32.00 69.00 73.00 83.00 101 108 129 196 250 430 1130 3400 10200 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 2358
Low Grade: G
Average Grade: 62
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
10/7/1998 NGC MS 64   Teletrade Auction 1093, 1093/Lot# 1050 $141.70
9/15/2003 PCGS MS 65   Goldberg September 15-17, 2003 Pre-Long Beach Coin and Currency Auction, 21/Lot# 53 $862.50
5/18/2004 PCGS MS 69   Heritage Auctions Exclusively Internet Auction #24054, 24054/Lot# 11258 $287.50
4/28/2008 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 242, 248/Lot# 34 $333.50
7/1/2008 PCGS MS 61   Heritage Auctions Tuesday Internet Coin Auction #28072, 28072/Lot# 22016 $97.75
10/17/2012 PCGS AU 58   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 24101 $111.63
12/15/2013 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 12/15/2013, 105/Lot# 156426 $92.40


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