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: 1/15/2015

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

1863 1C MS
  GVGFVF4045505355586061626364656667686970
Base $ 9.00 11.00 13.00 20.00 35.00 35.00 63.00 68.00 78.00 95.00 105 120 180 245 415 1075 2950 9500 - - -
$ 40.00 67.00 73.00 85.00 100.00 110 130 200 275 485 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: 2399
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(2), 131509/Lot# 21628


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/6/2004 PCGS MS 64   Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 195 $230.00
6/16/2008 NGC MS 62   David Lawrence Rare Coins Monday - Internet Auction # 257, 263/Lot# 22 $126.50
7/27/2008 PCGS MS 63   Teletrade Auction 2562, 2562/Lot# 1009 $235.20
10/13/2011 PCGS MS 64   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(4), 1160/Lot# 7177 $373.75
10/9/2011 NGC XF 40   Heritage Auctions Internet Coin Auction Session(1), 131142/Lot# 26011 $36.00
6/5/2013 PCGS MS 65   Heritage Auctions 2013 June 5 - 9 US Coin Signature Auction - Long Beach Session(2), 1186/Lot# 3651 $940.00
7/11/2014 PCGS MS 65   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5150 $969.38
8/31/2014 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 08/31/2014, 189/Lot# 211148 $410.00
10/10/2014 PCGS MS 62   Stack's Bowers November Baltimore 2014, 6039/Lot# 14391 $146.88


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