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: 8/27/2015

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

1863 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 9.00 11.00 13.00 20.00 35.00 63.00 68.00 78.00 95.00 130 180 255 430 1075 3000 9500 - - -
$ 40.00 - 73.00 85.00 100.00 140 200 285 485 1450 4000 - -

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: 2466
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
9/20/2015 MS 65   Heritage Auctions 2015 September 17 - 20 Long Beach Expo US Coins Signature Auction - Long Beach Session(5), 1224/Lot# 7064


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
3/4/2003 NGC AU 55   Heritage Auctions Exclusively Internet Auction #23032, 23032/Lot# 13010 $43.00
5/24/2009 NGC MS 64   Goldberg May 24-27, 2009 Pre-Long Beach Coin and Currency Auction, 53/Lot# 317 $259.00
5/31/2010 PCGS MS 64   Teletrade Auction 2863, 2863/Lot# 1004 $414.00
9/7/2011 NGC MS 62   Heritage Auctions 2011 September Long Beach Signature US Coin Auction Session(4), 1159/Lot# 7105 $104.00
8/12/2012 PCGS Genuine AU   GreatCollections GreatCollections Coin Auctions 08/12/2012, 35/Lot# 67285 $37.99
12/23/2012 PCGS AU 53   David Lawrence Rare Coins Internet Auction # 731, 740/Lot# 5 $95.00
6/9/2014 PCGS MS 63   Stack's Bowers iAuction 3485, 6034/Lot# 20019 $299.63
10/10/2014 NGC MS 62   Stack's Bowers November Baltimore 2014, 6039/Lot# 14392 $82.25


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